Opinion Surveys on the Euro: a Multilevel Multinomial Logistic Analysis

Cristina Conflitti

Working Papers ECARES from ULB -- Universite Libre de Bruxelles

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.

Keywords: Public attitudes; opinion surveys; European integration; multilevel modeling; gllamm. (search for similar items in EconPapers)
JEL-codes: C31 C35 C42 E65 F15 (search for similar items in EconPapers)
Pages: 23 p.
Date: 2009
New Economics Papers: this item is included in nep-eec and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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