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Crisis and Trust in National and European Union Institutions — Panel Evidence for the EU, 1999 to 2012

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  • Thomas Otter

Abstract

This paper analyses the effects of the crisis on trust in national and European Union institutions within an EU27 country sample from 1999 to 2012. The paper finds that the overall negative trends in trust throughout the crisis are driven by countries from the eurozone (EA12). However, whereas the crisis triggered only moderate declines of trust within eight core countries of the EA12, a significant decline of trust can be detected within four periphery countries, namely Spain, Greece, Portugal and Ireland. Econometric results reveal that, amongst others, the significant increase in unemployment rates in those four countries, especially in Spain, largely contributed to this pronounced fall in trust.

Suggested Citation

  • Thomas Otter, 2013. "Crisis and Trust in National and European Union Institutions — Panel Evidence for the EU, 1999 to 2012," EUI-RSCAS Working Papers 31, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
  • Handle: RePEc:erp:euirsc:p0340
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    File URL: http://hdl.handle.net/1814/26975
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    References listed on IDEAS

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    1. Betsey Stevenson & Justin Wolfers, 2011. "Trust in Public Institutions over the Business Cycle," American Economic Review, American Economic Association, vol. 101(3), pages 281-287, May.
    2. Nannestad, Peter & Paldam, Martin, 1994. "The VP-Function: A Survey of the Literature on Vote and Popularity Functions after 25 Years," Public Choice, Springer, vol. 79(3-4), pages 213-245, June.
    3. Stock, James H & Watson, Mark W, 1993. "A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems," Econometrica, Econometric Society, vol. 61(4), pages 783-820, July.
    4. Karl Kaltenthaler & Christopher J. Anderson & William J. Miller, 2010. "Accountability and Independent Central Banks: Europeans and Distrust of the European Central Bank," Journal of Common Market Studies, Wiley Blackwell, vol. 48, pages 1261-1281, November.
    5. Ehrmann, Michael & Soudan, Michel & Stracca, Livio, 2012. "Explaining EU Citizens' Trust in the ECB in Normal and Crisis Times," Economics Series 289, Institute for Advanced Studies.
    6. Erik Jones, 2009. "Output Legitimacy and the Global Financial Crisis: Perceptions Matter," Journal of Common Market Studies, Wiley Blackwell, vol. 47, pages 1085-1105, November.
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    Cited by:

    1. Ioannou, Demosthenes & Jamet, Jean-Francois & Kleibl, Johannes, 2015. "Spillovers and euroscepticism," Working Paper Series 1815, European Central Bank.

    More about this item

    Keywords

    unemployment;

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