Financial Review  
 September 26 2007
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C O M M E N T   A N D   O P I N I O N 

Marginals factor is marginal

 

Peter Brent

 

In the face of stubbornly lopsided opinion polls, federal election-watchers determined to construct that nail-biting finish have recently latched onto a tantalising narrative.

 

It is that while the published national surveys show the Labor opposition a mile ahead, the individual seat battle may well be different. Specifically, that the Howard government might survive this year’s election with significantly less than 50 percent of the two party preferred vote.

 

There are certainly precedents for minority vote wins – five since the introduction of preferential voting in 1918, most recently in 1998.

 

In each case the incumbent won, which tells us something both about governments’ ability to target seats, and the types of voters who tend to live in the marginals - risk-averse and difficult to shift.

 

So the ALP will probably need more than 50% support to win. But how much more?

 

A related exercise focuses on the Mackerras pendulum, according to which Labor needs a uniform swing of 4.8 percent to get a majority in the House of Representatives. The polls currently show almost double that, but if the government does well in the marginal seats, the story goes, 4.8 might not be enough.

 

The pendulum is a wonderful visual aid, but its predictive record is mixed. It worked well in 2004 but not at the two previous outings.

 

Yes, the ALP might need a significantly larger swing than 4.8 percent to get over the line. On the other hand, they might need significantly less.

 

To suggest something "might" happen, and not back it with decent reasoning, is simply wishful thinking. And there is no reason to believe 4.8 percent will not be enough for Labor.

 

Yes, governments can generally extract maximum value from the marginals. But after three re-elections, the current margins reflect this.

 

That is, Labor’s vote-seat disadvantage is already built into the "required swing". At the last election they got 47.3 percent, which added to 4.8 percent comes to 52.1 percent.

 

That’s a high number, and to suggest it understates Labor’s task stretches credibility. If anything, it is too high. It is simply based on the way votes happened to fall one Saturday in 2004. Each election is different.

 

For example, if we had elections every six years instead of three, and so were basing today’s pendulum on the 2001 result (but still adjusting for subsequent redistributions), we would instead be saying today that Labor needs only 50.7 percent to win in 2007.

 

Which is not to suggest this is their "real" target, but instead to show how arbitrary these on-paper required swings are.

 

So what will Labor need to win? That’s in the lap of the voters. It could be anything from, say, 49 percent to 53 percent. But a stab in the dark might be that 50 probably won’t get them there, but 51 should.

 

That’s just a guess, though.

 

Peter Brent is publisher of mumble.com.au and a member of the ANU’s Democratic Audit

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