The End of Cornucopia

Party Financing after the Great Recession

Datos Bibliográficos

ID6266489
AutoresPiero Ignazi (0000-0001-9015-7789, Institut d'Etudes Politiques de Paris), Chiara Fiorelli (0000-0002-4698-897X, Sapienza University of Rome, autor de correspondencia)
Año2022
Volumen57
Número2
Páginas193-216
Fecha de publicación2022-04-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaGovernment and Opposition (JOURNAL)
Identificadores de la revistaISSN: 0017-257X • E-ISSN: 1477-7053
EditorialCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/gov.2021.3
OpenAlexW3137148066
IdiomaEN
Citas recibidas11
Referencias citadas31

This article investigates the dimension and evolution of the financing of political parties. It focuses on 28 parties in the five major European countries (Germany, France, UK, Italy, Spain), analysing the parties’ budgets from 2002 to 2016. The article's assessment shows that the availability of funds increased until the beginning of the Great Recession (2008), and then decreased, mainly due to a decline in public support for parties. Diminished state generosity has led parties to look for different sources of financing: the article shows the proportion of self-funding resources in terms of membership fees and private donations that has sustained the parties’ finances. Finally the article presents a model that helps to explain the shrinking of parties’ income by including parties’ ideological alignment, electoral outcome, presence in government and share of public financing, and countries’ public spending and GDP level, to investigate the plausible causes of the reduction of parties’ income

Business · Dimension (graph theory · Economic policy · Economics · European union · Generosity · Government (linguistics · Ideology · Macroeconomics · Political science · Politics · Public finance · Recession · Resizing · State (computer science · Electoral Systems and Political Participation · Finance · Populism, Right-Wing Movements · Social Policy and Reform Studies