José Miguel Cabezas, Patricio D. Navia, Sebastián Rivera
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The Moderating Effect of Ideological Identification on How Economic News and Economic Growth Impact Individual Economic Perceptions: Evidence From Chile
Previous literature argues that macroeconomic conditions and economic news impact socio-tropic assessments. Others find that ideological identification or ideological affinity with the government impact socio-tropic economic views. Here, we test the moderating effect of ideological identification on how economic growth and economic news shape economic perceptions. We test this hypothesis using a dataset that combines monthly polls in Chile (2014–2018), economic news, and economic growth indicators. We find that ideological affinity with the government intensifies the positive impact of good macroeconomic indicators on current and prospective perceptions and, surprisingly, induces more positive current perceptions when negative economic news increases. In turn, ideological affinity with the government is associated with a slightly negative impact of good macroeconomic indicators on current (but not prospective) economic perceptions and a negative impact of negative economic news on current and prospective perceptions. Ideology moderates the effect of macroeconomic indicators and economic news on economic perceptions.
期刊介绍:
Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance.
Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.