The Volatility Curse : Exogenous Shocks and Representation in Resource-Rich Democracies Paperback / softback
by Daniela Campello, Cesar, Jr. Zucco
Paperback / softback
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Description
The Volatility Curse examines the conditions under which economic voting can (and cannot) function as a mechanism of democratic accountability, challenging existing theories that are largely based on experiences in developed democracies.
Drawing on cross-national data from around the world and micro-level evidence from Latin America, Daniela Campello and Cesar Zucco make two broad, related arguments.
First, they show that economic voting is pervasive around the world, but in economically volatile developing democracies that are dependent on commodity exports and inflows of foreign capital, economic outcomes are highly contingent on conditions beyond government control, which nonetheless determine relevant political outcomes like elections, popular support, and government transitions.
Second, politicians are aware of these misattribution patterns and are often able to anticipate their electoral prospects well before elections.
This reduces incumbents' incentives to maximize voter welfare, as anticipated by economic voting theories, and increases the likelihood of shirking, waste, and corruption.
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Out of StockMore expected soonContact us for further information
- Format:Paperback / softback
- Pages:300 pages, Worked examples or Exercises
- Publisher:Cambridge University Press
- Publication Date:05/11/2020
- Category:
- ISBN:9781108795357
Other Formats
- Hardback from £65.48
- EPUB from £27.19
Information
-
Out of StockMore expected soonContact us for further information
- Format:Paperback / softback
- Pages:300 pages, Worked examples or Exercises
- Publisher:Cambridge University Press
- Publication Date:05/11/2020
- Category:
- ISBN:9781108795357