Abstract
The paper examines to what extent electoral behaviour in Venezuela, as it appeared in the elections of 1998 and 2000, is different from that observed between 1958 and 1988. The paper reaches the conclusion that given the decline in party identification (dealignment), the short‐term variables specific to each election, in particular the attitude towards government performance and personalities, have grown in weight vis‐à‐vis the structural factors (party identification, institutions, long‐standing political predispositions). However, the latter were still relevant and important in the 1998 and 2000 elections and it is very likely they will carry on as such for the future. It is also concluded that, even though the party system has become unstable due to the decline in identification with the traditional government parties, new stabilising factors seem to have appeared and should be taken into account. These are ideology and negative party identification.
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