Perceptions of Competence and the European Economic Crisis: A Micro-level Analysis

Giacomo Chiozza, Luigi Manzetti

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    Abstract

    This study provides micro-level evidence for the new theories of accountability under globalization. We analyze the micro-level logic that underpins political accountability in democratic countries with highly globalized economies. We contend that voters discount current economic conditions in evaluating incumbent leaders if they perceive the incumbent leader moving the country in the right direction. We test this argument with survey data from eight European countries in 2012, while controlling for potential alternative explanations associated with pocketbook, sociotropic, and clarity-of-responsibility factors. We find that valence considerations related to future directions in the country sustain positive evaluations of leaders’ performance even in the face of negative evaluations of the economy.
    Original languageEnglish
    JournalPolitical Research Quarterly
    Volume68
    Issue number3
    Pages (from-to)457-473
    ISSN1065-9129
    DOIs
    Publication statusPublished - 2015

    Keywords

    • Economic voting
    • Electoral accountability
    • 2008 financial crisis
    • European politics
    • Economic globalization
    • Conditional tree models

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