The Spirits of Capitalism and Socialism - A Cross-Country Study of Ideology

Univ. of Aarhus Dept. of Economics Working Paper No. 2009-18

32 Pages Posted: 5 Jan 2010

See all articles by Christian Bjørnskov

Christian Bjørnskov

Aarhus University - Department of Economics and Business; Research Institute of Industrial Economics (IFN); Center for Political Studies; Institute for Corruption Studies

Martin Paldam

Aarhus University - Department of Economics

Date Written: December 28, 2009

Abstract

The World Values Survey contains an item on ownership, which is polled 200 times in 92 countries at the four waves of 1990, 1995, 2000 and 2005. It is developed into the CS-score that measures the aggregate mass support for capitalism and socialism. Four hypotheses are advanced and tested to explain the wide cross-country variation in the CS-score: (A1) It is partly due to the cross-country distribution of income, and consequently the West stands out as the most capitalist-minded area of the world. (A2) It is associated with the institutions of the country such as legal quality. (A3) It is related to the left-right dimension in politics. (A4) It is influenced by cultural differences.

Keywords: Property rights, ideology, institutions

JEL Classification: O43, P14

Suggested Citation

Bjørnskov, Christian and Paldam, Martin, The Spirits of Capitalism and Socialism - A Cross-Country Study of Ideology (December 28, 2009). Univ. of Aarhus Dept. of Economics Working Paper No. 2009-18, Available at SSRN: https://ssrn.com/abstract=1528915 or http://dx.doi.org/10.2139/ssrn.1528915

Christian Bjørnskov (Contact Author)

Aarhus University - Department of Economics and Business ( email )

Fuglesangs Allé 4
Aarhus V, DK-8210
Denmark

Research Institute of Industrial Economics (IFN) ( email )

Box 55665
Grevgatan 34, 2nd floor
Stockholm, SE-102 15
Sweden

Center for Political Studies

Landgreven 3
Copenhagen K, DK-1301
Denmark

Institute for Corruption Studies

Stevenson Hall 425
Normal, IL 61790-4200
United States

Martin Paldam

Aarhus University - Department of Economics ( email )

Universitetsparken
Building 350
DK-8000 Aarhus C
Denmark
+45 8942 1133 (Phone)
+45 8613 6334 (Fax)

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