Determinants of Trust in Institutions in Times of Crisis: Survey‐Based Evidence from the European Union

Δράκος, Κωνσταντίνος; Kallandranis, Christos; Karidis, Socrates

doi:10.1111/jcms.12884

Cited by 27 publications

(24 citation statements)

References 51 publications

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“…Current empirical research on the effects of the Eurozone crisis, economic interventions and support for the domestic system concludes in line with the theoretical literature that this hollowing out of democratic procedures has reduced citizens' support for their national system, defined as support for how the democratic political system works in practice (Polavieja, 2013;Armingeon and Guthmann, 2014;Armingeon, Guthmann and Weisstanner, 2016;Ruiz-Rufino and Alonso, 2017;Schraff and Schimmelfenig, 2019;Drakos et al, 2019). Yet the precise mechanism is debated.…”

Section: Introductionmentioning

confidence: 59%

“…I will first address the two pathways depicted by the dashed lines before developing the main mechanism this paper examines. Perceptions of economic conditions are the dominant explanation for variation in political support in general, and are the primary explanations for the decline in support over the economic crisis (Drakos et al, 2019;Morlino and Quaranta, 2016;Quaranta and Martini, 2017;Foster and Frieden, 2017;Hetherington, 1998;Ross, 2004). In this pathway, what matters is the role that interventions play in individuals updating their economic beliefs; the intervention signals that economic conditions are extremely poor, and people update their (negative) beliefs about domestic economic performance, which has repercussions for political support.…”

Section: Theory: Economic Interventions and Political Supportmentioning

confidence: 99%

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Perceived government autonomy, economic evaluations, and political support during the Eurozone crisis

Devine

2019

West European Politics

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The Eurozone crisis and resulting economic interventions present a particular manifestation of the dilemma between globalisation and national democracy, one in which supranational involvement led to an unprecedented reduction in democratic governance. This has been linked to an erosion in support for the domestic political system, but the precise mechanism is still debated. This paper tests two mechanisms proposed in the recent literature: firstly, that citizens perceived that their domestic system's autonomy was constrained by the economic interventions, which led citizens to reduce their support for the domestic system; secondly, that the decline was due to worsening economic evaluations. This paper tests these arguments together at the individual level for the first time using a multilevel analysis of European Election Study data, and replicates the results with a case study of Portugal. The analysis finds no support for the autonomy argument, but instead points to the crucial role of economic evaluations.

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Section: Introductionmentioning

confidence: 59%

Section: Theory: Economic Interventions and Political Supportmentioning

confidence: 99%

Perceived government autonomy, economic evaluations, and political support during the Eurozone crisis

Devine

2019

West European Politics

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“…Consistently with this perspective, and following previous studies, we chose different institutions, such as national parliament, legal system and European Parliament because of their interplay with current frameworks of trust (Mishler & Rose, 2005). The latter institution was added, not only because all the countries in this study belong to the EU and it is interesting to catch the potential effect of a multi-level government, but also because citizens are confused when assigning responsibility for different outcomes between national and European institutions (Drakos, Kallandranis, & Karidis, 2019). There is no agreement on how this multi-level trust works, with findings that suggest that trust in national and European institutions are closely connected (Muñoz, Torcal, & Bonet, 2011), while some others authors got mixed results.…”

Section: Journal Of Data and Information Sciencementioning

confidence: 99%

Government Data Openness and Coverage. How do They Affect Trust in European Countries?

Gonzálvez-Gallego

Nieto-Torrejón

2021

Journal of Data and Information Science

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Purpose This paper aims to assess if the extent of openness and the coverage of data sets released by European governments have a significant impact on citizen trust in public institutions. Design/methodology/approach Data for openness and coverage have been collected from the Open Data Inventory 2018 (ODIN), by Open Data Watch; institutional trust is built up as a formative construct based on the European Social Survey (ESS), Round 9. The relations between the open government data features and trust have been tested on the basis of structural equation modelling (SEM). Findings The paper reveals that as European governments improve data openness, disaggregation, and time coverage, people tend to trust them more. However, the size of the effect is still small and, comparatively, data coverage effect on citizens’ confidence is more than twice than the impact of openness. Research limitations This paper analyzes the causal effect of Open Government Data (OGD) features captured in a certain moment of time. In upcoming years, as OGD is implemented and a more consistent effect on people is expected, time series analysis will provide with a deeper insight. Practical implications Public officers should continue working in the development of a technological framework that contributes to make OGD truly open. They should improve the added value of the increasing amount of open data currently available in order to boost internal and external innovations valuable both for public agencies and citizens. Originality/value In a field of knowledge with little quantitative empirical evidence, this paper provides updated support for the positive effect of OGD strategies and it also points out areas of improvement in terms of the value that citizens can get from OGD coverage and openness.

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“…People in the EU will at least indirectly have a say on such a policy upon its possible application. For a good review, see Drakos (2019) or Kallandranis et al (2019). Such levels of trust could be included in the analyses.…”

Section: Limitations and Future Researchmentioning

confidence: 99%

Financial Structure and Macroeconomic Volatility: A Panel Data Analysis

Bezooijen¹,

Bikker²

2019

IJEF

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In 2015, the European Commission (EC) launched its action plan for the creation of a European Capital Markets Union. The EC aims to return the European economy to sustainable growth and to enhance its shock-absorbing capacity by reducing the reliance on bank finance and stimulating financial deepening and cross-border integration of Europe's capital markets. Financial diversification and integrated European capital markets are expected to improve risk sharing among households, supporting economic stability. However, the economic literature reveals a lack of theoretical and empirical consensus on the superiority of either a bank-based or a market-based financial system in promoting growth or reducing macroeconomic volatility. This article is the first to include bond markets in its financial structure indicators, besides stock markets and bank lending. Using panel data on 55 countries between 1975 and 2014 and three different measures of financial structure, we investigate the effect of the structure of the financial system on the volatility of output and investment growth as well as their cyclical components. We do not find evidence that market-based financial structures dampen volatility of output or overall investment. Increase of the stock market size relative to that of the banking sector has a significant positive effect on the business cycle volatility of investments. GDP growth (%) -EU GDP growth (%) -USA Private credit by banks (% of GDP) -EU Private credit by banks (% of GDP) -USA Stock market capitalization (% of GDP) -EU Stock market capitalization (% of GDP) -USA

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Determinants of Trust in Institutions in Times of Crisis: Survey‐Based Evidence from the European Union

Cited by 27 publications

References 51 publications

Perceived government autonomy, economic evaluations, and political support during the Eurozone crisis

Perceived government autonomy, economic evaluations, and political support during the Eurozone crisis

Government Data Openness and Coverage. How do They Affect Trust in European Countries?

Financial Structure and Macroeconomic Volatility: A Panel Data Analysis

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