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Culture and social resistance to reform: a theory about the endogeneity of public beliefs with an application to the case of Argentina

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  • Sergio Pernice
  • Federico Sturzenegger

Abstract

This paper attempts to understand the factors that explain the degree of support or criticism that a reform process may be subject to. Understanding these determinants is critical, in turn, to assess the feasibility and sustainability of those reforms. In particular, we want to assess what are the elements that create societal consensus for reform and which are the main factors that turn public opinion against it. In the case of Argentina, for example, such dynamics are critical to understand how public opinion imposed constraints on government behavior, affected macroeconomic performance, and ultimately, determined the chance of success of reforms.

Suggested Citation

  • Sergio Pernice & Federico Sturzenegger, 2004. "Culture and social resistance to reform: a theory about the endogeneity of public beliefs with an application to the case of Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 275, Universidad del CEMA.
  • Handle: RePEc:cem:doctra:275
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    File URL: http://www.ucema.edu.ar/publicaciones/download/documentos/275.pdf
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    Cited by:

    1. Ugo Panizza & Mónica Yañez, 2005. "Why are Latin Americans so unhappy about reforms?," Journal of Applied Economics, Universidad del CEMA, vol. 8, pages 1-29, May.
    2. Yeyati, Eduardo Levy & Panizza, Ugo, 2011. "The elusive costs of sovereign defaults," Journal of Development Economics, Elsevier, vol. 94(1), pages 95-105, January.
    3. Levy Yeyati, Eduardo, 2008. "The cost of reserves," Economics Letters, Elsevier, vol. 100(1), pages 39-42, July.
    4. Eduardo Lora & Mauricio Olivera, 2005. "The Electoral Consequences of the Washington Consensus," ECONOMIA JOURNAL, THE LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION - LACEA, vol. 0(Spring 20), pages 1-61, January.
    5. Eduardo Lora & Mauricio Olivera, 2005. "Repercusiones electorales del Consenso de Washington," Research Department Publications 4406, Inter-American Development Bank, Research Department.

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