Hessami, Zohal (2011): What determines trust in international organizations? An empirical analysis for the IMF, the World Bank, and the WTO.
Download (219kB) | Preview
So far no existing study has analyzed what determines people’s trust in the IMF, the World Bank, and the WTO even though – in the absence of democratic accountability – this is one of the few ways to assess the legitimacy of these institutions. This study is intended to fill this gap in the literature based on Eurobarometer survey data from the EU-15 countries. The estimation results suggest that individual characteristics (gender, international background, formal education level, personal income, ideological preferences, interest in politics, and exposure to media) as well as the extent of globalization influence trust in the three international organizations. The state of the economy only has a significant effect on trust in the WTO. Moreover, respondents’ attitudes towards globalization have a bearing on trust in all three international organizations. Survey items on individual knowledge and perceptions of the WTO allow us to test additional hypotheses that apply to this institution alone. We find that familiarity with the WTO fosters trust. Finally, beliefs that the EU is well-represented in the WTO, that the WTO has a good reputation and that it is a democratic and necessary institution increases repondents’ propensity to trust the WTO.
|Item Type:||MPRA Paper|
|Original Title:||What determines trust in international organizations? An empirical analysis for the IMF, the World Bank, and the WTO|
|Keywords:||Institutional trust; International economic organizations; Globalization; International Monetary Fund; World Bank; World Trade Organization|
|Subjects:||F - International Economics > F1 - Trade > F15 - Economic Integration
F - International Economics > F1 - Trade > F13 - Trade Policy; International Trade Organizations
F - International Economics > F5 - International Relations and International Political Economy > F53 - International Agreements and Observance; International Organizations
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O19 - International Linkages to Development; Role of International Organizations
F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions
|Depositing User:||Zohal Hessami|
|Date Deposited:||06. Nov 2011 16:16|
|Last Modified:||18. Feb 2013 18:24|
Alesina, A. & La Ferrara, E. (2002). Who trusts others? Journal of Public Economics, 85, 207-234.
Bhagwati, J. (2004). In defense of globalization. New York City, NY: Oxford University Press.
Brewer, P. R., Gross, K., Aday, S., & Willnat, L. (2004), International Trust and Public Opinion about World Affairs. American Journal of Political Science, 48, 93–109.
Dreher, A. (2006). Does Globalization Affect Growth? Evidence from a New Index of Globalization. Applied Economics, 38(10), 1091-1110.
Dreher, A. & Boockmann, B. (2003). The contribution of IMF and the World Bank to economic freedom. European Journal of Political Economy, 19, 633-649.
Dreher, A., Sturm, J.-E., & Vreeland, J. R. (2009a). Development aid and international politics: Does membership on the UN Security Council influence World Bank Decisions? Journal of Development Economics, 88, 1-18.
Dreher, A., Sturm, J.-E., & Vreeland, J. R. (2009b). Global horse trading: IMF loans for votes in the United Nations Security Council. European Economic Review, 53, 742-757.
Driscoll, D. D. (1996). The IMF and the World Bank. How Do they Differ? Retrieved from: http://www.imf.org/external/pubs/ft/exrp/differ/differ.htm
Easterly W. (2001). The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics, Cambridge, MA: MIT Press.
Edwards, M. S. (2009). Public support for the international economic organizations: Evidence from developing countries. Review of International Organizations, 4(2), 185-209.
Ehrmann, M., Soudan, M., & Stracca, L. (2011). Explaining the fall in citizens‘ trust in the ECB during the global financial crisis. Paper presented at the 2011 Political Economy of International Organizations (PEIO) Meeting in Zurich, Switzerland.
Emeagwali, G. (1995). Women pay the price: Structural adjustment in Africa and the Carribean. Trenton, NJ: Africa World Press.
Fang, S. & Stone, R. W. (2011). Trust and International Organizations. Paper presented at the 2011 Political Economy of International Organizations (PEIO) Meeting in Zurich, Switzerland.
Fischer, J. A. V. & Hahn, V. (2008). Determinants of Trust in the European Central Bank. Thurgau Institute of Economics, University of Konstanz Working Paper No. 26.
Frey, B. S. & Stutzer, A. (2006a). Strengthening the citizens’ role in international organizations. Review of International Organizations, 1, 27-44.
Frey, B. S. & Stutzer, A. (2006b). Reply to Gordon Tullock. Review of International Organizations, 1, 47-48.
Glaeser, E.L., Laibson, D. I., Scheinkman, J. A., & Soutter, C. L. (2000).Measuring Trust. Quarterly Journal of Economics, 115(3), 811-846.
Hudson, J. (2006), Institutional Trust and Subjective Well-Being across the EU. Kyklos, 59, 43–62.
Kalthenthaler, K., Anderson, C. J., & Miller, W. J. (2010). Accountability and Independent Central Banks: Europeans and Distrust of the European Central Bank. Journal of Common Market Studies, 48, 1261-1281.
Krueger, A. O. (1998). Whither the World Bank and the IMF? Journal of Economic Literature, 36(4), 1983-2020.
Marchesi, S. & Sartori, E. (2011). Is two better than one? The effects of IMF and World Bank interaction on growth. Review of International Organizations, 6(3-4), 287-306.
Milner, H. V. (2005). Globalization, Development, and International Institutions: Normative and Positive Perspectives. Perspectives on Politics, 3(4), 833-854.
Rohrschneider, R. (2002). The Democracy Deficit and Mass Support for an EU-Wide Government. American Journal of Political Science, 46(2), 463-75.
Rose, A. K. (2004). Do WTO members have more liberal trade policy? Journal of International Economics, 63, 209-235.
Roth, F., Gros, D., & Nowak-Lehmann D., F. (2011). Has the Financial Crisis eroded Citizens’ Trust in the European Central Bank? Evidence from 1999-2010. Center for European, Governance and Economic Development Research (cege) Discussion Paper No. 124, University of Goettingen.
Sparr, P. (1994). Mortgaging women’s lives: Feminist critiques of structural adjustments. London, UK: Zed Books.
Stevenson, B. & Wolfers, J. (2011). Trust in Public Institutions over the Business Cycle. American Economic Review Papers and Proceedings, 101(3), 281-287.
Stiglitz, J. E. (2002). Globalization and its discontents. New York City, NY: W. W. Norton.
Torgler, B. (2008). Trust in international organizations: An empirical investigation focusing on the United Nations. Review of International Organizations, 3(1), 65-93.
Tullock, G. (2006). Comment on strengthening the citizens’ role in international organizations by B. S. Frey and A. Stutzer. Review of International Organizations, 1, 45-46.
Vaubel R. (1986). A public choice approach to international organization. Public Choice, 51(1), 39-57.
Vaubel R. (1996). Bureacracy at the IMF and the World Bank: A comparison of the evidence. World Economy, 19(2), 195-210.
Vaubel, R., Dreher, A. & Soylu, U. (2007). Staff growth in international organizations: A principal-agent problem? An empirical analysis. Public Choice, 133, 275-295.
Vreeland, J. R. (2003). The IMF and Economic Development, Cambridge, MA: Cambridge University Press.
Williamson, J. (1989). What Washington Means by Policy Reform. In J. Williamson (Ed.), Latin American Readjustment: How Much has Happened (pp. 7-20). Washington, D.C.: Institute for International Economics.