Does Ousting Incumbents Improve The Economy?

from Not Another Politics Podcast · host University of Chicago Podcast Network

The assumption in political science has always been that electing challengers can lead to a downturn in performance. It takes time to do all the hiring involved in establishing a new government, and there is always a learning curve about processes and procedures. But a surprising new paper shows the opposite might be true.In “Electoral Turnovers”, Boston University economist Benjamin Marx uses a vast new data set to show that ousting the incumbent always seems to lead to improved performance, especially economic performance.Paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4039485 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Episode metadata supplied by the publisher feed · Published Aug 23, 2023

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The assumption in political science has always been that electing challengers can lead to a downturn in performance. It takes time to do all the hiring involved in establishing a new government, and there is always a learning curve about processes and procedures. But a surprising new paper shows the opposite might be true. In “Electoral Turnovers”, Boston University economist Benjamin Marx uses a vast new data set to show that ousting the incumbent always seems to lead to improved performance, especially economic performance.