Distrust and Political Turnover during Economic Crises / Nathan Nunn, Nancy Qian, Jaya Wen.

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Nunn, Nathan

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Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w24187.Publication details: Cambridge, Mass. National Bureau of Economic Research 2018.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: We use a six-decade long annual country-level panel dataset to document that recessions are more likely to cause political turnover in countries with lower levels of generalized trust. The effect is only present in democracies (not autocracies), for turnovers occurring through regular procedures (not coups), and during scheduled election years. We find similar effects for vote shares in national elections across sub-national regions within Europe and across counties within the United States. Furthermore, countries with higher trust experience more rapid recoveries from recessions. The results show that trust is an important determinant of political stability during recessions.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w24187 (Browse shelf(Opens below))	Not For Loan

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January 2018.

We use a six-decade long annual country-level panel dataset to document that recessions are more likely to cause political turnover in countries with lower levels of generalized trust. The effect is only present in democracies (not autocracies), for turnovers occurring through regular procedures (not coups), and during scheduled election years. We find similar effects for vote shares in national elections across sub-national regions within Europe and across counties within the United States. Furthermore, countries with higher trust experience more rapid recoveries from recessions. The results show that trust is an important determinant of political stability during recessions.