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

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  • Radu Vranceanu

    (ESSEC Business School)

  • Jérôme Barthélemy

    (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.

Suggested Citation

  • Radu Vranceanu & Jérôme Barthélemy, 2011. "Knowledge in economics and economic reform : an analysis of French survey data," Working Papers hal-00592114, HAL.
    • Handle: RePEc:hal:wpaper:hal-00592114
    Note: View the original document on HAL open archive server: https://essec.hal.science/hal-00592114
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    References listed on IDEAS

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    1. Tullio Jappelli, 2010. "Economic Literacy: An International Comparison," Economic Journal, Royal Economic Society, vol. 120(548), pages 429-451, November.
    2. repec:pri:cepsud:99blinderkrueger is not listed on IDEAS
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    5. Author-Name: Alan S. Blinder & Alan B. Krueger, 2004. "What Does the Public Know about Economic Policy, and How Does It Know It?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 35(1), pages 327-397.
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    9. Radu Vranceanu & Delphine Dubart & Maxime Laot, 2010. "Une échelle de mesure de la connaissance en raisonnement économique et résultats d'une enquête menée en décembre 2009," Post-Print hal-00542948, HAL.
    10. Walstad, William B. & Rebeck, Ken, 2002. "Assessing the economic knowledge and economic opinions of adults," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(5), pages 921-935.
    11. Gilles Saint-Paul, 2010. "Endogenous Indoctrination: Occupational Choices, the Evolution of Beliefs and the Political Economy of Reforms," Economic Journal, Royal Economic Society, vol. 120(544), pages 325-353, May.
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    Cited by:

    1. Bernd Hayo & Edith Neuenkirch, 2015. "The Influence of Media Use on Laymen’s Monetary Policy Knowledge in Germany," MAGKS Papers on Economics 201511, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    2. Brian Lucey & Michael Daly, 2013. "What Do The Irish Know About Economics," The Institute for International Integration Studies Discussion Paper Series iiisdp432, IIIS.

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    More about this item

    Keywords

    Economic knowledge; Policy reform; Survey methods; France;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods

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