The Quality of Institutions and Satisfaction with Democracy in Western Europe - A Panel Analysis

Posted: 2 Sep 2008 Last revised: 13 Oct 2014

See all articles by Alexander F. Wagner

Alexander F. Wagner

University of Zurich - Department of Banking and Finance; Centre for Economic Policy Research (CEPR); European Corporate Governance Institute (ECGI); Swiss Finance Institute

Friedrich Schneider

Johannes Kepler University Linz - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Institute for the Study of Labor (IZA)

Martin Halla

Johannes Kepler University Linz - Department of Economics; IZA Institute of Labor Economics

Date Written: September 1, 2008

Abstract

This paper analyses how institutional factors affect satisfaction with democracy (SWD). It employs a panel of observations from Eurobarometers in the time span 1990-2000, and thus is one of the first studies to consider the longitudinal dimension of the driving forces of SWD. We find that high-quality institutions like the rule of law, well-functioning regulation, low corruption, and other institutions that improve resource allocation have a positive effect on average satisfaction with democracy.

Keywords: Satisfaction with democracy, political economy, institutions

JEL Classification: H11, P16

Suggested Citation

Wagner, Alexander F. and Schneider, Friedrich G. and Halla, Martin, The Quality of Institutions and Satisfaction with Democracy in Western Europe - A Panel Analysis (September 1, 2008). European Journal of Political Economy, Vol. 25 (No. 1), p. 30-41, March 2009., Available at SSRN: https://ssrn.com/abstract=1261864

Alexander F. Wagner (Contact Author)

University of Zurich - Department of Banking and Finance ( email )

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Friedrich G. Schneider

Johannes Kepler University Linz - Department of Economics ( email )

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Institute for the Study of Labor (IZA)

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Martin Halla

Johannes Kepler University Linz - Department of Economics ( email )

Altenbergerstrasse 69
A-4040 Linz, 4040
Austria

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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