Absolute and Benchmarked Economic Voting. A Subnational Perspective on a Decade of Elections in Southern Europe

ABSTRACT The article analyses the 15 elections that took place between 2010 and 2019 in four South European countries – Greece, Italy, Portugal and Spain – through the lenses of the retrospective vote theory. The large within-country variation of economic conditions justifies the adoption of an original subnational perspective, while the explicit test of alternative economic quantities and horizons provides a more credible assessment of voters’ behaviours. Besides offering a taxonomy of local retrospective voting, the research found that citizens assessed the incumbents against regional unemployment levels and national growth dynamics, further benchmarking the local economic conditions against their past performances. These results give credit to the idea that the South European electorate shares similar references in assessing the economic competences of incumbent governments.