Boom and bust: Economic voting in Ireland

Abstract

The global economic crisis presents new challenges for economic voting models. While there is a consensus that economic voting exists, even the most ardent supporters agree that it is a variable force and can only explain a portion of voting behaviour. This article investigates the impact of positive and negative economic performance on voting patterns. The idea that voters are more likely to punish governments for poor economic performance, the grievance asymmetry hypothesis, has found some empirical support, but in their comprehensive review of the economic voting literature, Lewis-Beck and Stegmaier concluded that the evidence of asymmetric economic voting was, at best, mixed. Ireland presents a clear test of the grievance asymmetric economic vote with recent elections taking place against backdrops of some of the highest economic growth rates in the world and then one of the most spectacular economic crashes. We demonstrate that economic shocks matter a great deal; Irish voters like their counterparts elsewhere in crisis hit states are unforgiving. Furthermore, the electoral change at the 2011 election in Ireland was extreme and challenges the consensus that economic voting is a small force.