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The spirits of capitalism and socialism. A cross-country study of ideology

Author

Listed:
  • Christian Bjørnskov

    (Aarhus School of Business, Aarhus University)

  • Martin Paldam

    (School of Economics and Management, Aarhus University, Denmark)

Abstract

The World Values Survey contains an item on ownership, which is polled 200 times in 92 countries at the four waves of 1990, 1995, 2000 and 2005. It is developed into the CS-score that measures the aggregate mass support for capitalism and socialism. Four hypotheses are advanced and tested to explain the wide cross-country variation in the CS-score: (A1) It is partly due to the cross-country distribution of income, and consequently the West stands out as the most capitalist-minded area of the world. (A2) It is associated with the institutions of the country such as legal quality. (A3) It is related to the left-right dimension in politics. (A4) It is influenced by cultural differences.

Suggested Citation

  • Christian Bjørnskov & Martin Paldam, 2009. "The spirits of capitalism and socialism. A cross-country study of ideology," Economics Working Papers 2009-18, Department of Economics and Business Economics, Aarhus University.
    • Handle: RePEc:aah:aarhec:2009-18
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    File URL: https://repec.econ.au.dk/repec/afn/wp/09/wp09_18.pdf
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    Cited by:

    1. Kresojević, Saša, 2015. "Economic Development of Former Yugoslav Countries," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2015), Kotor, Montengero, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Kotor, Montengero, 10-11 September 2015, pages 446-452, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.

    More about this item

    Keywords

    Property rights; ideology; institutions;
    All these keywords.

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P14 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Property Rights

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