The Formation of Economic Perceptions in Post-Communist Countries of East Central Europe |
| |
Authors: | Yuliya V Tverdova |
| |
Institution: | (1) University of California–Irvine, 3151 Social Science Plaza, Irvine, CA 92697, USA |
| |
Abstract: | 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. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|