Economic Voting in an Era of Non-Crisis: The Changing Electoral Agenda in Latin America, 1982–2010

Latin America's political economy has shifted in the three decades since the return to democratization, with the inflationary crises of the 1980s fading into the past. One consequence of this change is a reduction in the electoral salience of inflation. While electoral support for the incumbent in the 1980s and 1990s was strongly tied to his or her ability to prevent increases in prices, in the 2000–2010 period there was no significant association between inflation rates and election outcomes. Instead, incumbents who presided over a growing economy in the last decade reaped electoral benefits. The importance of the economy for electoral outcomes varies over time and even across economic indicators.