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:
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

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