Micro and Macro Determinants of Public Support for Market Reforms in Eastern Europe

ZEI Working Paper B25/1999

36 Pages Posted: 31 Jan 2000  

Bernd Hayo

University of Marburg - School of Business & Economics

Date Written: December, 1999

Abstract

This paper looks at public support for the creation of a market economy in Eastern Europe. As a data base, the Central and Eastern Eurobarometers surveys are employed, covering up to 21 countries over a time period of 1990-96 and totalling more than 100,000 observations on individuals. The development of support for market reforms is analysed over time and countries. Moreover, in a number of panel regressions, individual and macroeconomic determinants of support for reforms are studied. Apart from the influence of individual characteristics (age, gender, education, income), the only significant and robust aggregate effect is that those countries that are able to keep inflation low get more support for market reforms. Small government budget deficits may also help to strengthen support. Differences in employment, GDP per capita, openness, private sector share and microeconomic transition progress do not show robust effects on people's attitudes towards the creation of a market economy.

JEL Classification: O52, P1, P2

Suggested Citation

Hayo, Bernd, Micro and Macro Determinants of Public Support for Market Reforms in Eastern Europe (December, 1999). ZEI Working Paper B25/1999. Available at SSRN: https://ssrn.com/abstract=205610 or http://dx.doi.org/10.2139/ssrn.205610

Bernd Hayo (Contact Author)

University of Marburg - School of Business & Economics ( email )

Universitaetsstr. 24
Marburg, D-35032
Germany
++49(0)6421-28-23091 (Phone)
++49(0)6421-28-23193 (Fax)

Register to save articles to
your library

Register

Paper statistics

Downloads
119
rank
215,451
Abstract Views
929
PlumX