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Voting for Change: Calculation, Community, and Euro Referendums

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  • Jupille, Joseph
  • Leblang, David

Abstract

Referendum votes on adoption of the euro in Denmark (2000) and Sweden (2003) provide unprecedented natural experiments through which to study the political economy of money. Using exit polling data and multinomial logit statistical models that allow us to separate preferences for the euro from preferences for the European Union (EU), we test economic “calculation” and political “community” as determinants of individual-level preferences over adoption of the euro. We find that “calculation” operates most clearly where, as in Sweden, the choice of a fixed versus a floating exchange rate regime is at stake, while “community” exerts strong effects across the two cases.We would like to thank Krister Andersson, Jerry Cohen, Robert Fishman, Jennifer Fitzgerald, Jeff Frieden, Eric Helleiner, Jacques Hymans, Lars Jonung, Kate McNamara, Jennifer Wolak, and the anonymous reviewers for helpful comments, and Helga Sverrisdottir for outstanding research assistance. We are grateful to Jens Wagner of the Danish Data Archive and Torbjörn Berglund of the Swedish Social Science Dataservice for providing the data used in this note. Neither these individuals nor their respective agencies are responsible for the interpretations contained herein.

Suggested Citation

  • Jupille, Joseph & Leblang, David, 2007. "Voting for Change: Calculation, Community, and Euro Referendums," International Organization, Cambridge University Press, vol. 61(4), pages 763-782, October.
    • Handle: RePEc:cup:intorg:v:61:y:2007:i:04:p:763-782_07
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    Cited by:

    1. Hyoung‐kyu Chey, 2009. "A Political Economic Critique on the Theory of Optimum Currency Areas, and the Implications for East Asia," The World Economy, Wiley Blackwell, vol. 32(12), pages 1685-1705, December.
    2. Joanna Osińska & Andrzej Torój, 2012. "Greek ricochet? What drove Poles’ attitudes to the euro 2009-2010," Bank i Kredyt, Narodowy Bank Polski, vol. 43(4), pages 29-84.
    3. Allam, Miriam S. & Goerres, Achim, 2008. "Adopting the euro in post-communist countries: An analysis of the attitudes toward the single currency," MPIfG Discussion Paper 08/1, Max Planck Institute for the Study of Societies.
    4. Ignacio Jurado & Stefanie Walter & Nikitas Konstantinidis & Elias Dinas, 2020. "Keeping the euro at any cost? Explaining attitudes toward the euro-austerity trade-off in Greece," European Union Politics, , vol. 21(3), pages 383-405, September.
    5. Baccaro, Lucio & Bremer, Björn & Neimanns, Erik, 2020. "Is the euro up for grabs? Evidence from a survey experiment," MPIfG Discussion Paper 20/10, Max Planck Institute for the Study of Societies.
    6. Krzysztof Tymicki, 2013. "Zamierzenia prokreacyjne a mo¿liwoœæ ich realizacji w kontekœcie czynników biologicznych," Working Papers 56, Institute of Statistics and Demography, Warsaw School of Economics.
    7. Sara Binzer Hobolt & Patrick Leblond, 2009. "Is My Crown Better than Your Euro?," European Union Politics, , vol. 10(2), pages 202-225, June.
    8. Hobolt, Sara B. & Wratil, Christopher, 2015. "Public opinion and the crisis: the dynamics of support for the euro," LSE Research Online Documents on Economics 60788, London School of Economics and Political Science, LSE Library.
    9. Julie Hassing Nielsen, 2016. "Personality and Euroscepticism: The Impact of Personality on Attitudes Towards the EU," Journal of Common Market Studies, Wiley Blackwell, vol. 54(5), pages 1175-1198, September.
    10. Slawomir Czech, 2015. "The Political Economy Of Staying Outside The Eurozone: Poland And Sweden Compared," Oeconomia Copernicana, Institute of Economic Research, vol. 6(3), pages 23-43, September.
    11. Joanna Osińska, 2013. "Postawy wobec euro i ich determinanty," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 10, pages 39-67.
    12. Cyril Jayet, 2020. "The Meaning of the European Union and Public Support for European Integration," Journal of Common Market Studies, Wiley Blackwell, vol. 58(5), pages 1144-1164, September.
    13. Daniel Naurin & Rutger Lindahl, 2010. "Out in the cold? Flexible integration and the political status of Euro opt-outs," European Union Politics, , vol. 11(4), pages 485-509, December.
    14. Michaël Aklin & Eric Arias & Julia Gray, 2022. "Inflation concerns and mass preferences over exchange‐rate policy," Economics and Politics, Wiley Blackwell, vol. 34(1), pages 5-40, March.
    15. Erik R Tillman, 2012. "Support for the euro, political knowledge, and voting behavior in the 2001 and 2005 UK general elections," European Union Politics, , vol. 13(3), pages 367-389, September.

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