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Industrial structure and preferences for a common currency: the case of the EURO referendum in Sweden

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  • Ahlfeldt, Gabriel M.
  • Maennig, Wolfgang
  • Osterheider, Tobias

Abstract

Attitudes for a common currency differ from nation to nation, or from region to region. We analyze regionally differing voting results of a referendum held in Sweden in lieu of joining the European Monetary Union. We put a special focus on the role of the industrial mix – being a potential factor influencing heterogeneous transmission – and find a significant, but subordinated, impact on voting behavior.

Suggested Citation

  • Ahlfeldt, Gabriel M. & Maennig, Wolfgang & Osterheider, Tobias, 2016. "Industrial structure and preferences for a common currency: the case of the EURO referendum in Sweden," LSE Research Online Documents on Economics 66158, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:66158
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    File URL: http://eprints.lse.ac.uk/66158/
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    References listed on IDEAS

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    1. Ahlfeldt, Gabriel M. & Maennig, Wolfgang, 2015. "Homevoters vs. leasevoters: A spatial analysis of airport effects," Journal of Urban Economics, Elsevier, vol. 87(C), pages 85-99.
    2. Stephen D. Oliner & Glenn D. Rudebusch, 1996. "Is there a broad credit channel for monetary policy?," Economic Review, Federal Reserve Bank of San Francisco, pages 3-13.
    3. Brady P. Horn & Michael Cantor & Rodney Fort, 2015. "Proximity And Voting For Professional Sporting Stadiums: The Pattern Of Support For The Seahawk Stadium Referendum," Contemporary Economic Policy, Western Economic Association International, vol. 33(4), pages 678-688, October.
    4. Redding, Stephen & Venables, Anthony J., 2004. "Economic geography and international inequality," Journal of International Economics, Elsevier, vol. 62(1), pages 53-82, January.
    5. Ben S. Bernanke & Mark Gertler, 1995. "Inside the Black Box: The Credit Channel of Monetary Policy Transmission," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 27-48, Fall.
    6. Coates, Dennis & Humphreys, Brad R., 2006. "Proximity benefits and voting on stadium and arena subsidies," Journal of Urban Economics, Elsevier, vol. 59(2), pages 285-299, March.
    7. Gerald A. Carlino & Robert H. DeFina, 1997. "The differential regional effects of monetary policy: evidence from the U.S. States," Working Papers 97-12, Federal Reserve Bank of Philadelphia.
    8. Mark Gertler & Simon Gilchrist, 1993. "The role of credit market imperfections in the monetary transmission mechanism: arguments and evidence," Finance and Economics Discussion Series 93-5, Board of Governors of the Federal Reserve System (U.S.).
    9. Gabriel Ahlfeldt, 2011. "If Alonso Was Right: Modeling Accessibility And Explaining The Residential Land Gradient," Journal of Regional Science, Wiley Blackwell, vol. 51(2), pages 318-338, May.
    10. repec:bla:scandj:v:95:y:1993:i:1:p:43-64 is not listed on IDEAS
    11. Gerald Carlino & Robert Defina, 1998. "The Differential Regional Effects Of Monetary Policy," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 572-587, November.
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    Cited by:

    1. BELAŞCU Lucian, 2016. "The Case of “EMU-Outsiders”: Economic and Political Considerations," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.

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    More about this item

    Keywords

    Currency Unions; EMU; industrial structure; referenda;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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