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Forecasting with Mixed Economic Signals

A Cautionary Tale

Bibliographic Data

ID6100185
AuthorsThomas M Holbrook (0000-0002-9637-5768, University of Wisconsin–Milwaukee, corresponding author)
Year2001
Volume34
Issue01
Pages39-44
Publication date2001-03-01
Open AccessNo
TypeARTICLE
VenuePS Political Science & Politics (JOURNAL)
Journal identifiersISSN: 1049-0965 • E-ISSN: 1537-5935
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s1049096501000063
OpenAlexW2111233238
LanguageEN
Citations received13
References cited4

In every respect, the 2000 election defied what had become the conventional wisdom about American presidential elections—that the electorate rewards the incumbent administration for good economic times and punishes it for bad economic times. Occurring at a time when the incumbent president enjoyed fairly high levels of approval and the nation enjoyed relative economic prosperity, it seemed the 2000 election had all the markings of an election in which voters would support the status quo and vote to return a Democrat to the White House. Indeed, a group of election forecasters gathered at the 2000 Annual Meeting of the American Political Science Association and offered predictions that Gore would win a plurality of the two-party popular vote that ranged from 52.8% to 60.3%.The forecasts were as follows: Alan Abramowitz, 53.2%; James Campbell, 52.8%; Thomas Holbrook, 60.3%; Michael Lewis-Beck and Charles Tien, 55.4%; Brad Lockerbie, 60.3% (revised after the APSA roundtable); Helmut Norpoth, 55.0%; Christopher Wlezien and Robert Erikson, 55.2%. All forecasts are for the incumbent party candidate's percent of the two-party vote. Of course, we now know that although Gore did manage to win the popular vote by the slimmest of margins, he lost the electoral vote by an equally slim margin, and George W. Bush was elected president

Contingent vote · Economic history · Economics · Group voting ticket · Political economy · Political science · Politics · Presidential election · Presidential system · Prosperity · Status quo · Voting · Electoral Systems and Political Participation · Fiscal Policies and Political Economy · Law · Media Influence and Politics

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Citations per year0.52
Citation span2001 - 2022 (22)
Highly citedNo

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