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Testing Rational Partisan Theory When Elections are Endogenous Events: Some Empirical Evidence from the United Kingdom

Jac C. Heckelman

Quarterly Journal of Finance and Accounting2016article
ABDC B
Weight
0.34

What the paper says

Rational partisan theory predicts macroeconomic fluctuations are triggered by possible changes in government policies due to elections. Empirical testing may fall prey to an endogeneity problem when incumbent governments determine the timing of an election and voters respond to current economic conditions in their choice of party support. Hausman tests suggest elections in Britain are endogenous to growth. Stronger support is found for rational partisan theory using an instrumental variable routine.

2 citations

Cite this paper

@article{jac2016,
  title        = {{Testing Rational Partisan Theory When Elections are Endogenous Events: Some Empirical Evidence from the United Kingdom}},
  author       = {Jac C. Heckelman},
  journal      = {Quarterly Journal of Finance and Accounting},
  year         = {2016},
}

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Testing Rational Partisan Theory When Elections are Endogenous Events: Some Empirical Evidence from the United Kingdom

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Evidence weight

0.34

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.21 × 0.4 = 0.08
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.