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@article{ART001773594},
author={John Bohte and Uk Heo},
title={The political economy of U.S. economic performance: is the president responsible?},
journal={Korean Social Science Journal},
issn={1225-0368},
year={2013},
volume={40},
number={1},
pages={20-32},
doi={10.1007/s40483-013-0003-0}

TY - JOUR
AU - John Bohte
AU - Uk Heo
TI - The political economy of U.S. economic performance: is the president responsible?
JO - Korean Social Science Journal
PY - 2013
VL - 40
IS - 1
PB - Korean Social Science Research Council
SP - 20
EP - 32
SN - 1225-0368
AB - A recurring theme in electoral politics is that American voters hold the president responsible for the state of the economy. Ironically, many Presidency scholars argue that presidents are ill equipped to manage the economy because other variables compete with and complicate the effects of fiscal policy. These include international variables,private market forces, and monetary policy, among others. Using simultaneous equation methods, we examine the direct and indirect effects of fiscal policy on economic performance while controlling for a variety of other determinants of economic performance. We find that fiscal policy plays a significant role in influencing unemployment and economic growth in the United States, even after controlling for a variety of other determinants of economic performance. We close by discussing the importance of linking the econometric modeling literature with the literature on presidential management of the economy.
KW - Fiscal policy;Economic performance;Presidential management of the economy
DO - 10.1007/s40483-013-0003-0
ER -

John Bohte and Uk Heo. (2013). The political economy of U.S. economic performance: is the president responsible?. Korean Social Science Journal, 40(1), 20-32.

John Bohte and Uk Heo. 2013, "The political economy of U.S. economic performance: is the president responsible?", Korean Social Science Journal, vol.40, no.1 pp.20-32. Available from: doi:10.1007/s40483-013-0003-0

John Bohte, Uk Heo "The political economy of U.S. economic performance: is the president responsible?" Korean Social Science Journal 40.1 pp.20-32 (2013) : 20.

John Bohte, Uk Heo. The political economy of U.S. economic performance: is the president responsible?. 2013; 40(1), 20-32. Available from: doi:10.1007/s40483-013-0003-0

John Bohte and Uk Heo. "The political economy of U.S. economic performance: is the president responsible?" Korean Social Science Journal 40, no.1 (2013) : 20-32.doi: 10.1007/s40483-013-0003-0

John Bohte; Uk Heo. The political economy of U.S. economic performance: is the president responsible?. Korean Social Science Journal, 40(1), 20-32. doi: 10.1007/s40483-013-0003-0

John Bohte; Uk Heo. The political economy of U.S. economic performance: is the president responsible?. Korean Social Science Journal. 2013; 40(1) 20-32. doi: 10.1007/s40483-013-0003-0

John Bohte, Uk Heo. The political economy of U.S. economic performance: is the president responsible?. 2013; 40(1), 20-32. Available from: doi:10.1007/s40483-013-0003-0

John Bohte and Uk Heo. "The political economy of U.S. economic performance: is the president responsible?" Korean Social Science Journal 40, no.1 (2013) : 20-32.doi: 10.1007/s40483-013-0003-0