In the early transition phase in post-communist Europe, citizens’ perceptions of the national economy appeared more favorable than objective economic indicators would suggest. With triple and quadruple digit annual inflation rates and a severe economic contraction, there was a substantial portion of the population in these countries who still thought that the national economy had been and would be improving. Thus, sociotropic economic perceptions in the wake of the democratic transformation appeared to be disconnected from the real economic situation. The purpose of this paper is threefold. First, it explores the link between objective economic indicators and public evaluations of the economy. Second, it investigates the microfoundations of economic perceptions. And finally, it tests a well-established proposition that political sophisticates are more accurate in their perceptions than their less informed counterparts. The findings of the study can be generalized to any political and economic system undergoing transition.
Political Behavior – Springer Journals
Published: Mar 18, 2011
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera