Unraveling the complexity of US presidential approval: A multi-dimensional semi-parametric approach
Michael Berlemann (),
Soeren Enkelmann and
Torben Kuhlenkasper
No 118, HWWI Research Papers from Hamburg Institute of International Economics (HWWI)
Abstract:
In this paper we show that findings of an apparently instable popularity function of U.S. presidents, as reported in the previous literature, are likely the consequence of the common use of linear estimation techniques. Employing Penalized Spline Smoothing in the context of Additive Mixed Models we allow for a-priori unspecified non-linear effects of possible economic determinants of presidential popularity. We find strong evidence for non-linear and negative effects of unemployment, inflation and government consumption on presidential approval and present empirical evidence in favor of the hypothesis of the existence of interaction effects between the economic variables. Additionally we give supporting evidence for the existence of honeymoon and nostalgia effects as well as general decline of support over time.
Keywords: presidential popularity; approval; penalized splines; mixed models (search for similar items in EconPapers)
JEL-codes: C14 C32 E02 H11 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (9)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:hwwirp:118
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