Supporting Policy Reform from the Outside: Insights from a Theoretical Framework
Policies are not designed and implemented by a social planner but are determined through a political process, based on the policymakers' preferences, beliefs and the constraints provided by political institutions. The resulting outcome could entail the choice of inefficient policies. This study presents a modified version of Besley and Persson (2011)'s core model which explains policy failure as the result of weak political institutions, negative views vis-a-vis public goods and/or limited technical capacity for identifying and designing high-quality public programs. In light of these theoretical predictions, the limits and opportunities are discussed for external agents to support policy reform processes in recipient countries.
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| Format: | Policy Briefs biblioteca |
| Language: | English |
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Inter-American Development Bank
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| Subjects: | Economic Development and Growth, Fiscal Policy, Political Institution, C60 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling: General, D70 - Analysis of Collective Decision-Making: General, F35 - Foreign Aid, O19 - International Linkages to Development • Role of International Organizations, political economy;institutions;Policy Reform;Beliefs;Policy-Based Lending;Evidence, |
| Online Access: | http://dx.doi.org/10.18235/0001304 https://publications.iadb.org/en/supporting-policy-reform-outside-insights-theoretical-framework |
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