Voting for Change: Calculation, Community, and Euro Referendums

Joseph Jupille · David A. Leblang

60 citations0/0 files storedInternational Organization

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European Union Policy and Governance Electoral Systems and Political Participation Social Policy and Reform Studies

Abstract

Referendum votes on adoption of the euro in Denmark (2000) and Sweden (2003) provide unprecedented natural experiments through which to study the political economy of money. Using exit polling data and multinomial logit statistical models that allow us to separate preferences for the euro from preferences for the European Union (EU), we test economic “calculation” and political “community” as determinants of individual-level preferences over adoption of the euro. We find that “calculation” operates most clearly where, as in Sweden, the choice of a fixed versus a floating exchange rate regime is at stake, while “community” exerts strong effects across the two cases.

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References

2008The Political Economy of the Rent-Seeking Society 1961A Theory of Optimum Currency Areas 2002Multi-Level Governance and European Integration 1991Invested interests: the politics of national economic policies in a world of global finance 2005Calculation, Community and Cues 2002Public Support for the European Union: Cost/Benefit Analysis or Perceived Cultural Threat?1993Europeans and the European Community: the dynamics of public support for European integration 2002Undivided Loyalties

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