WAR POLITICS - AN ECONOMIC, RATIONAL-VOTER FRAMEWORK

Citation
Gd. Hess et A. Orphanides, WAR POLITICS - AN ECONOMIC, RATIONAL-VOTER FRAMEWORK, The American economic review, 85(4), 1995, pp. 828-846
Citations number
39
Categorie Soggetti
Economics
ISSN journal
00028282
Volume
85
Issue
4
Year of publication
1995
Pages
828 - 846
Database
ISI
SICI code
0002-8282(1995)85:4<828:WP-AER>2.0.ZU;2-2
Abstract
The frequency of foreign conflict initiations in the United States is found to be significantly greater following the onset of recessions du ring a president's first term than in other periods. We develop an eco nomic theory of the political use of wars which links the election cyc le, war decisions, and economic performance consistent with the observ ed relationships among these events. An incumbent leader with an unfav orable economic performance record may initiate a war to force the lea rning of his war leadership abilities and thus salvage, with some prob ability, his reelection. This obtains despite voter rationality and in formational symmetry.