Learning Dynamics and Support for Economic Reforms : Why Good News Can Be Bad

Learning Dynamics and Support for Economic Reforms : Why Good News Can Be Bad

Support for economic reforms has often shown puzzling dynamics: many reforms that began successfully lost public support. This paper shows that learning dynamics can rationalize this paradox because the process of revealing reform outcomes is an ex...

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Bibliographic Details
Main Authors: van Wijnbergen, Sweder, Willems, Tim
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank Group, Washington, DC 2014
Subjects:
AGRICULTURE
ANALOGY
ASYMMETRIC INFORMATION
BANKS
BELIEFS
CENTRAL PLANNING
COLLAPSE
COLLAPSES
COMPARATIVE ECONOMICS
DEMOCRACIES
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICY
DISCUSSION
DISCUSSIONS
ECONOMIC EXPANSION
ECONOMIC PERFORMANCE
ECONOMIC REFORMS
ECONOMIC RESEARCH
ECONOMIC STRUCTURE
ECONOMIC SYSTEMS
ECONOMIC THEORIES
ENTERPRISE REFORM
EXPECTED VALUE
EXPERIMENTATION
FINANCIAL CRISIS
FORMAL ANALYSIS
FUTURE RESEARCH
GDP
GOVERNMENT OFFICIALS
GROWTH RATE
IDEA
IDEAS
IDENTITY
INTEGRATION
INTUITION
LEARNING
LEARNING DYNAMICS
MACROECONOMICS
MINISTER
ORGANIZATION THEORY
POLITICAL ECONOMY
POLITICAL ECONOMY OF REFORM
PRACTITIONERS
PRIVATIZATION
PROBABILITY
PROFESSIONS
PUBLIC FUNDS
REFORM PROCESS
REFORM STRATEGIES
REFORMS
TAXATION
TEAM LEARNING
THINKING
TRADE BARRIERS
UNEMPLOYMENT
UNEMPLOYMENT RATE
VOTERS
WAGES
WISDOM
Online Access:http://documents.worldbank.org/curated/en/2014/07/19877963/learning-dynamics-support-economic-reforms-good-news-can-bad
http://hdl.handle.net/10986/19351

Internet

http://documents.worldbank.org/curated/en/2014/07/19877963/learning-dynamics-support-economic-reforms-good-news-can-bad
http://hdl.handle.net/10986/19351

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