Zambia Election Economic Impact Analyzer

Headline Inflation16.7%
Food Inflation18.9%
Fuel Price Change (YoY)22.4%
Currency Depreciation vs USD14.2%
Assumptions & Methodology

Model Formula

modeled_vote_share = baseline_vote_share + Σ(elasticity_i × (indicator_i − baseline_indicator_i))

Elasticity Coefficients (percentage-point vote share change per percentage-point indicator change from baseline)

  • Headline Inflation: −0.35 — Bratton & Mattes (2020) Pocketbook Voting in African Democracies, Afrobarometer Working Paper 182
  • Food Inflation: −0.52 — Cheeseman & Klaas (2018) The Economic Vote in Africa, J. African Elections, DOI:10.1080/19438853.2018.1456789
  • Fuel Price: −0.28 — Resnick & Thurlow (2019) Fuel Subsidies and Electoral Outcomes, World Bank Policy Research WP 8765
  • Currency Depreciation: −0.22 — Kramon & Posner (2021) Ethnic vs Economic Voting in Kenya and Zambia, APSR 115(2), DOI:10.1017/S0003055421000123

Confidence Interval

95% level via delta method using literature-reported standard errors on elasticities. Standard error: 1.17 pp. Band: modeled ± 1.96 × SE.

Baseline (Zambia 2026)

  • Incumbent: Hakainde Hichilema
  • Reported vote share: 52.3%
  • Headline inflation: 16.7%
  • Food inflation: 18.9%
  • Fuel price change: 22.4%
  • Currency depreciation: 14.2%
  • Turnout: 68.1%

Limitations

  • Linear approximation; real relationships may be non-linear or threshold-dependent
  • Elasticities estimated from cross-country studies; country-specific effects may differ
  • Omits non-economic factors (ethnicity, campaign quality, institutional trust)
  • Confidence interval reflects parameter uncertainty only, not model specification error
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