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Economic Factors and the Electoral Success of Far-right and Far-left Parties in the EU Countries

Author

Listed:
  • Jitka Doležalová

    (Faculty of Economics and Administration, Masaryk University, Brno, Czech Republic)

  • Vlastimil Havlík

    (Faculty of Social Studies, Masaryk University, Brno, Czech Republic)

  • Antonín Slaný

    (Faculty of Economics and Administration, Masaryk University, Brno, Czech Republic)

  • Petra Vejvodová

    (Faculty of Social Studies, Masaryk University, Brno, Czech Republic)

Abstract

The recent electoral success of far-right and far-left parties is often considered to be a side-effect of the economic crisis. This article aims to determine the degree to which the downturn in economic performance helped to increase the vote share of these parties. The research includes a set of 23 EU member states from the period 1995 to 2012, and finds that poor economic performance significantly determined the vote share of the far-left. Among the indicators influencing the far-left electorate were mainly changes in the GDP and unemployment rate. The research does not find any correlation between the far-rights vote share and the development of macroeconomic indicators.

Suggested Citation

  • Jitka Doležalová & Vlastimil Havlík & Antonín Slaný & Petra Vejvodová, 2017. "Economic Factors and the Electoral Success of Far-right and Far-left Parties in the EU Countries," Society and Economy, Akadémiai Kiadó, Hungary, vol. 39(1), pages 27-48, March.
    • Handle: RePEc:aka:soceco:v:39:y:2017:i:1:p:27-48
    Note: This research was financed by Grant Agency of Masaryk University as a part of the project Determinants of Growth of Extremism and Populism in Time of Economic Crisis (MUNI/M/1748/2014).
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    More about this item

    Keywords

    economic growth; election; far-left party; far-right party; inflation; unemployment;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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