TY  - BOOK
AU  - Nunn,Nathan
AU  - Qian,Nancy
AU  - Wen,Jaya
ED  - National Bureau of Economic Research.
TI  - Distrust and Political Turnover during Economic Crises
T2  - NBER working paper series
PY  - 2018///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - January 2018; Hardcopy version available to institutional subscribers
N2  - 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
UR  - https://www.nber.org/papers/w24187
UR  - http://dx.doi.org/10.3386/w24187
ER  -