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Partisanship, media and the objective economy: Sources of individual-level economic assessments

Partisanship, media and the objective economy: Sources of individual-level economic assessments

Yağcı, Alper H. and Oyvat, Cem ORCID: 0000-0002-5097-0246 (2020) Partisanship, media and the objective economy: Sources of individual-level economic assessments. Electoral Studies, 66:102135. ISSN 0261-3794 (doi:https://doi.org/10.1016/j.electstud.2020.102135)

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Abstract

Economic voting studies have repeatedly shown that voter's assessment of incumbent economic performance is important for the vote decision. However, there is little work explaining how individuals form their economic assessments. Utilizing individual-level data from Turkey, we find that variation in retrospective assessments can actually be predicted by individual income growth rates over the previous year, and the association is stronger for pocketbook assessments. Nonetheless, partisanship and media are important sources of bias, especially for sociotropic assessments. Controlled for partisanship, viewers of pro-government media are more likely to think that the national economy has done better than their own household over the last year, and also more likely to believe that the economy would fare worse if the incumbent is replaced. The findings testify both to the capacity of the individuals to anchor their assessments to personal experience, and to the media's ability to weaken this anchor.

Item Type: Article
Uncontrolled Keywords: Economic voting; Media; Partisanship; Public opinion; Political economy; Turkey
Subjects: H Social Sciences > HB Economic Theory
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Department of International Business & Economics
Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA)
Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
Last Modified: 29 May 2020 16:54
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
Selected for REF2021: REF 5
URI: http://gala.gre.ac.uk/id/eprint/28306

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