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Knowledge in economics and economic reform : an analysis of French survey data

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  • Radu Vranceanu

    ()
    (Economics Department - ESSEC Business School)

  • Jérôme Barthélémy

    (Management Department - ESSEC Business School)

Abstract

The coexistence of a predominantly poor opinion of free markets and lack of education in economics are two documented features of France. In this paper, we use data collected through an Internet-based survey conducted in December 2009 in order to test whether this situation is more than a mere coincidence. A first regression model allows us to study how personal characteristics, general and economics education, occupation and personal interest in economics affect knowledge in economics. We then apply factor analysis in order to build an aggregate indicator of opinion on promarket reforms. This opinion indicator becomes the dependent variable in a second multiple regression model; it turns out that knowledge in economics contributes by 3.5% to explain the favorable opinion on pro-market reforms.

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Paper provided by HAL in its series Post-Print with number hal-00592114.

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Date of creation: 20 Jan 2011
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Handle: RePEc:hal:journl:hal-00592114

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  1. William B. Walstad, 1997. "The Effect of Economic Knowledge on Public Opinion of Economic Issues," The Journal of Economic Education, Taylor & Francis Journals, Taylor & Francis Journals, vol. 28(3), pages 195-205, September.
  2. Saint-Paul, Gilles, 2009. "Endogenous Indoctrination: Occupational Choice, the Evolution of Beliefs, and the Political Economy of Reform," IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse 556, Institut d'Économie Industrielle (IDEI), Toulouse.
  3. Olivier Blanchard, 2009. "The State of Macro," Annual Review of Economics, Annual Reviews, Annual Reviews, vol. 1(1), pages 209-228, 05.
  4. Vranceanu, Radu & Laot, Maxime & Dubart, Delphine, 2010. "Une échelle de mesure de la connaissance en raisonnement économique et résultats d'une enquête menée en décembre 2009," ESSEC Working Papers, ESSEC Research Center, ESSEC Business School DR 10001, ESSEC Research Center, ESSEC Business School.
  5. Tullio Jappelli, 2009. "Economic Literacy: An International Comparison," CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy 238, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
  6. Alan S. Blinder & Alan B. Krueger, 2004. "What Does the Public Know about Economic Policy, and How Does It Know It?," NBER Working Papers 10787, National Bureau of Economic Research, Inc.
  7. Walstad, William B. & Rebeck, Ken, 2002. "Assessing the economic knowledge and economic opinions of adults," The Quarterly Review of Economics and Finance, Elsevier, Elsevier, vol. 42(5), pages 921-935.
  8. Michael, Steven C., 2000. "The effect of organizational form on quality: the case of franchising," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 43(3), pages 295-318, November.
  9. vranceanu, radu, 2007. "The moral layer of contemporary economics: A virtue-ethics perspective," ESSEC Working Papers, ESSEC Research Center, ESSEC Business School DR 07006, ESSEC Research Center, ESSEC Business School.
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  1. Economic education and opinions about free markets
    by Economic Logician in Economic Logic on 2011-06-14 14:33:00
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Cited by:
  1. Brian Lucey & Michael Daly, 2013. "What Do The Irish Know About Economics," The Institute for International Integration Studies Discussion Paper Series, IIIS iiisdp432, IIIS.

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