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Replication data for: Presidents and the US Economy: An Econometric Exploration

Resource Type
  • Blinder, Alan S.
  • Watson, Mark W.
Publication Date
  • Abstract

    The US economy has performed better when the president of the United States is a Democrat rather than a Republican, almost regardless of how one measures performance. For many measures, including real GDP growth (our focus), the performance gap is large and significant. This paper asks why. The answer is not found in technical time series matters nor in systematically more expansionary monetary or fiscal policy under Democrats. Rather, it appears that the Democratic edge stems mainly from more benign oil shocks, superior total factor productivity (TFP) performance, a more favorable international environment, and perhaps more optimistic consumer expectations about the near-term future. (JEL D72, E23, E32, E65, N12, N42)
  • Is supplement to
    DOI: 10.1257/aer.20140913 (Text)
  • Blinder, Alan S., and Mark W. Watson. “Presidents and the US Economy: An Econometric Exploration.” American Economic Review 106, no. 4 (April 2016): 1015–45.
    • ID: 10.1257/aer.20140913 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Blinder, Alan S.; Watson, Mark W. (2016): Replication data for: Presidents and the US Economy: An Econometric Exploration. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.