“Voting with their Feet” in Times of Crisis: The Case of Southern Europe

Christos Kallandranis () and Socrates Karidis

Applied Economics Quarterly (formerly: Konjunkturpolitik), 2016, vol. 62, issue 4, 321-341

Abstract: The paper assesses the effect of economic sentiment when combined with the fiscal surplus offered on a Tiebout like migration process, taking place among potential southern European migrants in times of crisis. With an extended sample to incorporate the latest data available and by focusing on the region that was, and still is most heavily affected by the economic crisis, we employ a conditional logit model to find that locational choices are determined by public policies as those are offered to potential migrants in the form of public spending and taxes, the perception of economic opportunities as they are expressed through economic sentiment indicators, while the effect of labor market conditions is consistent and highly relevant. As most of the countries of Southern Europe have entered fiscal adjustment programmes, the discussion becomes particularly relevant as it adds a new dimension to the on-going and heated debate of a significant brain drain from the south to the north of Europe.

Keywords: Migration; fiscal surplus; economic sentiment; Tiebout-Tullock hypothesis; conditional logit (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.3790/aeq.62.4.321 (application/pdf)
Access to full text is restricted to subscribers (2008 onwards); Pay-per-view access from https://elibrary.duncker-humblot.com/journals/aeq (2008 onwards) and http://www.genios.de (2008 onwards)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dah:aeqaeq:v62_y2016_i4_q4_p321-341

Ordering information: This journal article can be ordered from
https://www.duncker-humblot.de/zeitschriften/aeq

Access Statistics for this article

Applied Economics Quarterly (formerly: Konjunkturpolitik) is currently edited by Cinzia Alcidi, Christian Dreger and Daniel Gros

More articles in Applied Economics Quarterly (formerly: Konjunkturpolitik) from Duncker & Humblot GmbH, Berlin
Bibliographic data for series maintained by E-Publishing-Team ().