This paper argues national economic indicators are simplified summaries of localized economic realities that voters process differently.
New Approach: Voter Perception vs National Indicators
The study introduces a novel estimation technique called spatial-X ordered logit to model how voters incorporate and interpret local economic information in forming national perceptions.
Findings: Local Economic Similarities Shape National Views
Our results demonstrate that voters draw on their knowledge of similar local economies when evaluating national data, with media messaging playing a significant role. They show how voter interpretation differs from official aggregation methods.
Why It Matters: Political Representation Implications
The approach offers richer understanding than traditional indicators for topics like economic accountability and spatial diffusion processes in politics.
| All Economics Is Local: Spatial Aggregations of Economic Information was authored by Laron Williams, David Fortunato and Clinton Swift. It was published by Cambridge in PSR&M in 2018. |
