Abstract
We use a narrative approach to study the effects of protests on agents’ expectations. The “protest shocks” in the case of our study arose from Chile's student demonstrations. The demonstrations, led by university and secondary students, raised demands related to greater involvement of the state in the funding, provision, and regulation of the education sector. We find a negative response in relation to both the consumer confidence index and the business confidence index in the face of those demonstrations. The negative effect of the protests on the consumer confidence index lasted, on average, six months after the demonstrations. The impact of the protests on the business confidence index was more limited, although still negative and statistically significant.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 221-235 |
| Number of pages | 15 |
| Journal | Developing Economies |
| Volume | 56 |
| Issue number | 3 |
| DOIs | |
| State | Published - Sep 1 2018 |
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All Science Journal Classification (ASJC) codes
- Development
- Economics and Econometrics
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The Effects of Protests on Agents’ Expectations : Evidence from Students’ Demonstrations in Chile. / Correa, Juan A.; Morales, Raúl; Parro, Fernando.
In: Developing Economies, Vol. 56, No. 3, 01.09.2018, p. 221-235.Research output: Contribution to journal › Article
TY - JOUR
T1 - The Effects of Protests on Agents’ Expectations
T2 - Evidence from Students’ Demonstrations in Chile
AU - Correa, Juan A.
AU - Morales, Raúl
AU - Parro, Fernando
PY - 2018/9/1
Y1 - 2018/9/1
N2 - We use a narrative approach to study the effects of protests on agents’ expectations. The “protest shocks” in the case of our study arose from Chile's student demonstrations. The demonstrations, led by university and secondary students, raised demands related to greater involvement of the state in the funding, provision, and regulation of the education sector. We find a negative response in relation to both the consumer confidence index and the business confidence index in the face of those demonstrations. The negative effect of the protests on the consumer confidence index lasted, on average, six months after the demonstrations. The impact of the protests on the business confidence index was more limited, although still negative and statistically significant.
AB - We use a narrative approach to study the effects of protests on agents’ expectations. The “protest shocks” in the case of our study arose from Chile's student demonstrations. The demonstrations, led by university and secondary students, raised demands related to greater involvement of the state in the funding, provision, and regulation of the education sector. We find a negative response in relation to both the consumer confidence index and the business confidence index in the face of those demonstrations. The negative effect of the protests on the consumer confidence index lasted, on average, six months after the demonstrations. The impact of the protests on the business confidence index was more limited, although still negative and statistically significant.
UR - http://www.scopus.com/inward/record.url?scp=85050583507&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85050583507&partnerID=8YFLogxK
U2 - 10.1111/deve.12180
DO - 10.1111/deve.12180
M3 - Article
AN - SCOPUS:85050583507
VL - 56
SP - 221
EP - 235
JO - Developing Economies
JF - Developing Economies
SN - 0012-1533
IS - 3
ER -