The Great Recession and Social Preferences: Evidence from Ukraine

40 Pages Posted: 12 May 2015

See all articles by Ralph De Haas

Ralph De Haas

European Bank for Reconstruction and Development; Centre for Economic Policy Research (CEPR); KU Leuven

Milena Djourelova

European Bank for Reconstruction and Development (EBRD)

Elena Nikolova

Central European Labour Studies Institute (CELSI); University College London - School of Slavonic and East European Studies; IOS Regensburg

Multiple version iconThere are 2 versions of this paper

Date Written: May 12, 2015

Abstract

We use detailed survey data to document stark differences between West and East Ukraine when it comes to household attitudes toward market-based economies and democratic institutions. Along both of these dimensions, Eastern Ukrainians are decidedly less supportive of liberal systems. However, we also find that economic attitudes changed in response to the global financial crisis, particularly in West Ukraine. West Ukrainian households who were affected more extensively by the crisis were more disappointed with the market and private ownership, while in Eastern Ukraine economic attitudes hardly shifted. Our evidence suggests that attitudes and values in transition are determined by both deep-rooted factors and more transient macroeconomic shocks.

Keywords: crisis, attitudes, Ukraine

JEL Classification: G01, P02, Z01

Suggested Citation

De Haas, Ralph and Djourelova, Milena and Nikolova, Elena and Nikolova, Elena, The Great Recession and Social Preferences: Evidence from Ukraine (May 12, 2015). Available at SSRN: https://ssrn.com/abstract=2605386 or http://dx.doi.org/10.2139/ssrn.2605386

Ralph De Haas

European Bank for Reconstruction and Development ( email )

One Exchange Square
London, EC2A 2JN
United Kingdom

HOME PAGE: www.ebrd.com

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

KU Leuven ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

Milena Djourelova

European Bank for Reconstruction and Development (EBRD) ( email )

One Exchange Square
London, EC2A 2EH
United Kingdom

Elena Nikolova (Contact Author)

University College London - School of Slavonic and East European Studies ( email )

Malet Street
London WC1E 7HU
United Kingdom

Central European Labour Studies Institute (CELSI) ( email )

Zvolenská 29
Bratislava, 82109
Slovakia

IOS Regensburg ( email )

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Regensburg, 93047
Germany

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