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Economic Situation and Government Ideology in Europe

Author

Listed:
  • Niklas Potrafke
  • Markus Reischmann
  • Marina Riem
  • Christoph Schinke
  • David Streich

Abstract

In the present European election campaign Jean-Claude Juncker defends the view that European states with conservative governments boast better economic data than their counterparts with socialist governments. This article offers a descriptive analysis of the latest data on key economic policy figures, including figures for the year 2013. Juncker’s statement is confirmed as far as debt and deficit/surplus ratios are concerned for the 1995–2013 period. It is, however, only partly true of the primary balance, unemployment rate and youth unemployment rates, and does not apply to GDP growth rates.

Suggested Citation

  • Niklas Potrafke & Markus Reischmann & Marina Riem & Christoph Schinke & David Streich, 2014. "Economic Situation and Government Ideology in Europe," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(09), pages 18-25, May.
    • Handle: RePEc:ces:ifosdt:v:67:y:2014:i:09:p:18-25
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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