Reform Chatter and Democracy

This paper explores the dynamics of media chatter about economic reforms using text analysis from about a billion newspaper articles in 28 languages. The paper shows that the intensity of reform chatter increases during economic downturns. This inc...

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Bibliographic Details
Main Authors:	Arezki, Rabah, Djankov, Simeon, Nguyen, Ha, Yotzov, Ivan
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	REFORM DEMOCRACY BUSINESS CYCLE MEDIA CHATTER POLITICAL ECONOMY PUBLIC SECTOR REFORM
Online Access:	http://documents.worldbank.org/curated/en/680431594667981791/Reform-Chatter-and-Democracy http://hdl.handle.net/10986/34128

id	okr-10986-34128
recordtype	oai_dc
spelling	okr-10986-341282022-09-20T00:11:28Z Reform Chatter and Democracy Arezki, Rabah Djankov, Simeon Nguyen, Ha Yotzov, Ivan REFORM DEMOCRACY BUSINESS CYCLE MEDIA CHATTER POLITICAL ECONOMY PUBLIC SECTOR REFORM This paper explores the dynamics of media chatter about economic reforms using text analysis from about a billion newspaper articles in 28 languages. The paper shows that the intensity of reform chatter increases during economic downturns. This increase is more significant in democracies. Using instrumental variable techniques, the analysis finds the relationship to be causal. The paper also documents that reform chatter is followed by actual reforms, suggesting that democracies benefit from a "self-correcting" mechanism stemming from changing popular attitudes toward reform. 2020-07-16T16:36:30Z 2020-07-16T16:36:30Z 2020-07 Working Paper http://documents.worldbank.org/curated/en/680431594667981791/Reform-Chatter-and-Democracy http://hdl.handle.net/10986/34128 English Policy Research Working Paper;No. 9319 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	REFORM DEMOCRACY BUSINESS CYCLE MEDIA CHATTER POLITICAL ECONOMY PUBLIC SECTOR REFORM
spellingShingle	REFORM DEMOCRACY BUSINESS CYCLE MEDIA CHATTER POLITICAL ECONOMY PUBLIC SECTOR REFORM Arezki, Rabah Djankov, Simeon Nguyen, Ha Yotzov, Ivan Reform Chatter and Democracy
relation	Policy Research Working Paper;No. 9319
description	This paper explores the dynamics of media chatter about economic reforms using text analysis from about a billion newspaper articles in 28 languages. The paper shows that the intensity of reform chatter increases during economic downturns. This increase is more significant in democracies. Using instrumental variable techniques, the analysis finds the relationship to be causal. The paper also documents that reform chatter is followed by actual reforms, suggesting that democracies benefit from a "self-correcting" mechanism stemming from changing popular attitudes toward reform.
format	Working Paper
author	Arezki, Rabah Djankov, Simeon Nguyen, Ha Yotzov, Ivan
author_facet	Arezki, Rabah Djankov, Simeon Nguyen, Ha Yotzov, Ivan
author_sort	Arezki, Rabah
title	Reform Chatter and Democracy
title_short	Reform Chatter and Democracy
title_full	Reform Chatter and Democracy
title_fullStr	Reform Chatter and Democracy
title_full_unstemmed	Reform Chatter and Democracy
title_sort	reform chatter and democracy
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/680431594667981791/Reform-Chatter-and-Democracy http://hdl.handle.net/10986/34128
_version_	1764480374707060736

Reform Chatter and Democracy

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