The Political Economy of Choice

Valerii Kopiika, Nataliia Reznikova, Maryna Medvedieva and Ganna Grydasova

World Economics, 2025, vol. 26, issue 1, 95-122

Abstract: The article aims to explore the relationship between the misery index and voter decisions, positioning the misery index as a tool to assess macroeconomic policy effectiveness. It employs analysis and synthesis for voter behaviour patterns, the index method for calculating the misery index, and comparison methods to link macroeconomic processes with voter behaviour. Macroeconomic indicators significantly influence voter decisions, demonstrating the misery index's utility in evaluating macroeconomic indicators. The misery index for 2019–2022 shows Venezuela, Zimbabwe, and Sudan in the worst positions, while Ireland, China, Switzerland, and Japan are the best. The coronavirus pandemic and the Russian-Ukrainian war exacerbated the misery index, causing economic recessions and inflationary pressures globally, particularly in Eastern and Central Europe.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:942

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