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Opinion Surveys on the Euro: a Multilevel Multinomial Logistic Analysis

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  • Cristina Conflitti

Abstract

The main contribution of the paper is to identify the socio economic characteristics that affect the perception of the euro across the original 12 Euro Area countries by specifying and estimating a multilevel multinomial model for polytomous data. The analysis is based on the Flash Eurobarometer dataset that contains cross-country data augmented speci?c country macroeconomic and political series. The use of the multilevel multinomial logistic regression allows to estimate the model considering individuals features and countries characteristics in a single analysis with two-level structure. This structure takes into account dependence between individuals within the same country given a certain component of unobserved heterogeneity between countries. The attitudes towards the euro vary across individuals and across countries and are driven by personal considerations based on the bene?ts and costs of using a single currency within a common area. Individual features, as a high level of education and living in a metropolitan area, have a positive impact towards the perception of the euro, since people having these characteristics can bene?t more from new markets opportunities created by the common area. Moreover, a positive country economic context (low in?ation and high growth) can in?uence people attitudes.

Suggested Citation

  • Cristina Conflitti, 2009. "Opinion Surveys on the Euro: a Multilevel Multinomial Logistic Analysis," Working Papers ECARES ECARES 2009-015, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:eca:wpaper:2009_015
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    References listed on IDEAS

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    1. Sophia Rabe-Hesketh & Anders Skrondal & Andrew Pickles, 2004. "GLLAMM Manual," U.C. Berkeley Division of Biostatistics Working Paper Series 1160, Berkeley Electronic Press.
    2. Anders Skrondal & Sophia Rabe-Hesketh, 2003. "Multilevel logistic regression for polytomous data and rankings," Psychometrika, Springer;The Psychometric Society, vol. 68(2), pages 267-287, June.
    3. Sophia Rabe-Hesketh & Anders Skrondal, 2012. "Multilevel and Longitudinal Modeling Using Stata, 3rd Edition," Stata Press books, StataCorp LP, edition 3, number mimus2.
    4. S. Rabe-Hesketh & A. Skrondal, 2001. "Parameterization of Multivariate Random Effects Models for Categorical Data," Biometrics, The International Biometric Society, vol. 57(4), pages 1256-1263, December.
    5. G. S. Maddala, 1987. "Limited Dependent Variable Models Using Panel Data," Journal of Human Resources, University of Wisconsin Press, vol. 22(3), pages 307-338.
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    More about this item

    Keywords

    Public attitudes; opinion surveys; European integration; multilevel modeling; gllamm.;
    All these keywords.

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • F15 - International Economics - - Trade - - - Economic Integration

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