It's not only the economy, stupid! Good governance matters in elections

This paper examines the impact of good governance in elections compared to the role of the economy. The latter is considered the key factor in electoral survival, while governance issues are rarely included in politicians' discourse or campaigning strategies. Using the ParlGov data and the ICRG indicators for 160 elections, the analysis shows that good governance matters, but mainly for developing countries. Economic growth is an important electoral topic in most of the elections, but its effect varies systematically across contexts. The impact of each good governance and the economy get weaker as the other worsens, and these conditional effects are moderated by the level of economic development.