Indian Politics & Policy Volume 3, Number 1, Spring 2020 | Page 25

Economic Evaluations and the Incumbent Vote in India’s Parliamentary Elections (2014, 2019) Figure 3: Logistic Regression [Model 3: Dependent Variable – Vote for BJP in 2019] Figure 2A indicates that the coefficients for all variables retain expected signs and significance. Two key results from Model 2 are (a) the marginal effect of a positive evaluation of household economic conditions in 2019 is not statistically different from that in 2014 and (b) the marginal effect of a negative evaluation is statistically greater in 2019 relative to 2014. For instance, the probability that a positive evaluation increases the likelihood of an incumbent vote is about 4 percent in 2014 and increased to about 6 percent in 2019 (as seen in Figure 2B). The difference between the two time periods is not statistically different. The effect of a negative evaluation on the likelihood of an incumbent doubled from 7 percent in 2014 to about 14 percent in 2019. A negative evaluation had a significantly larger effect in 2019. The effect of partisanship is strong, although it drops marginally to around 60 percent, as does the effect of Year to 17 percent. 19 The final model (Model 3) focuses exclusively on the BJP vote in 2019. 21