Uncertainty from dictatorship to democracy: Evidence from business communications

Felipe González, Felipe Coy, Mounu Prem and Cristine von Dessauer

No gz934, SocArXiv from Center for Open Science

Abstract: On the eve of a democratization by election, one of the most common forms of transition, dictators can use uncertainty about the future to win political support. We study the evolution of uncertainty from dictatorship to democracy in Chile using text analysis of business communications. We construct new measures of firm-level uncertainty and compare them to perceptions of international experts. We find that uncertainty changes little around the election triggering the transition and decreases markedly after the return to democracy. The exploitation of a misperceived high uncertainty epitomizes the type of errors dictators make before elections that threaten their power.

Date: 2022-07-07
New Economics Papers: this item is included in nep-his and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://osf.io/download/62c538ee0ebbbf253710f777/

Related works:
Working Paper: Uncertainty from dictatorship to democracy: Evidence from business communications (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:gz934

DOI: 10.31219/osf.io/gz934

Access Statistics for this paper

More papers in SocArXiv from Center for Open Science
Bibliographic data for series maintained by OSF ().