Regional Variations In The Social Preference Function Between Inflation And Unemployment

David J. Smyth and Susan W. Taylor
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David J. Smyth: Louisiana State University
Susan W. Taylor: Kansas State University

The Review of Regional Studies, 1991, vol. 21, issue 1, 1-10

Abstract: In this paper we estimate presidential popularity functions for four regional subsets using a quadratic in inflation and unemployment. Popularity functions for the East, West, South, and Midwest are estimated by seemingly unrelated regressions using Gallup poll data for the Reagan administration. Through the use of a J-test, we establish that regional participants generally respond to national inflation and unemployment rates rather than regional macroeconomic statistics when assessing presidential performance. We also explore, through the use of a Wald test, differences in responses to macroeconomic fluctuations between the four regional groups. On the whole, we find surprising homogeneity in the preference functions across regions.

Date: 1991
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