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ECONOMIC VOTING BEHAVIOR AND THE POLITICAL RIGHT-WING (EMPIRICAL EVIDENCE FROM THE SLOVAK REPUBLIC)

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Domonkoš Š., Domonkoš T.
Ekonomický časopis (Journal of Economics)
|
2011
|
vol. 59
|
issue 9
905 – 917
EN
This paper evaluates the differences in the degree to which the preferences of the Slovak right-wing and left-wing parties are affected by the development of consumer prices and unemployment. Using the linear regression approach it provides evidence in which Slovak left-wing voters are resistant to economic voting, which is demonstrated by the fact that changes in the preferences of the Slovak left-wing government during 2006 – 2008 did not react to changes in the CPI and the unemployment rate. By contrast, the Slovak right-wing is held accountable by its voters both for rising prices and unemployment. Thus, our research unveils a new, unexpected difference between left- and right-wing voters. Furthermore, it is argued that, under constantly decreasing monetary and fiscal sovereignty in EU member states, political parties that have voters highly responsive to economic conditions are in a disadvantage as their preferences are dependent on factors they can influence less than in the past.
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