Trade-offs of government credibility institutions

Market Credibility vs. Social Credibility

Bibliographic Data

ID6291510
AuthorsMichal Koreh (0000-0001-7845-0691, University of Haifa), Ronen Mandelkern (0000-0002-4213-9313, Tel Aviv University, corresponding author)
Year2024
Volume31
Issue11
Pages3539-3560
Publication date2024-11-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of European Public Policy (JOURNAL)
Journal identifiersISSN: 1350-1763 • E-ISSN: 1466-4429
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/13501763.2023.2243295
OpenAlexW4385891599
LanguageEN
Citations received3
References cited57

We offer a novel conceptualization of government credibility and a new framework for analysing the institutions that governments constitute to enhance their credibility. While the literature commonly pertains to government credibility institutions as an apolitical instrument of 'good government,' we argue that there are 'varieties of government credibility' and therefore political trade-offs between different credibility-enhancing institutions. To demonstrate this, we introduce 'social credibility' as an additional type of government credibility alongside the widely-discussed 'market credibility.' Through historical cases, we show that social credibility institutions played a crucial role in constructing social security and point at fundamental tensions between market credibility institutions and social credibility institutions. Therefore, instead of focusing on the supposedly apolitical question of how to enhance government credibility, research should concentrate on the very political issue of how prioritizing certain types of credibility affects others and their associated institutions

Business · Credibility · Economics · Government (linguistics · International economics · Political science · Political Influence and Corporate Strategies · Social Policy and Reform Studies · Taxation and Compliance Studies