• AEA in the news
  • March 29, 2016

The US economy does a lot better when Democrats are in the White House


Quartz covered a study appearing in the April issue of the American Economic Review. In Presidents and the U.S. Economy: An Econometric Exploration, authors Alan Blinder and Mark Watson note that real GDP has grown significantly faster during Democratic administrations than Republican ones since 1948. They find that the bulk of the difference is attributable to factors that are arguably outside a president's control, like international oil shocks and slowdowns in technological innovation.