View metadata

dc.titleProductive Development Policies in Costa Rica: Market Failures, Government Failures, and Policy Outcomes
dc.contributor.authorRosales-Tijerino, Julio
dc.contributor.authorRivera, Luis
dc.contributor.authorMonge-González, Ricardo
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageCosta Rica
dc.date.available2011-02-07T00:00:00
dc.date.issue2010-03-11T00:00:00
dc.description.abstractThis paper analyzes five Productive Development Policies (PDPs) implemented in Costa Rica, finding that they are not optimally addressing market failures. Moreover, government failures rather than market failures represent the main justification for PDPs. Even in the presence of market failures, the policy instruments applied are not necessarily the most economically efficient but rather the most politically feasible options. In addition, the lack of policy evaluation and monitoring prevents adjustments and corrections of such policies. Addressing the arguments for policy intervention and incorporating the results of evaluation into policy design and reform are necessary conditions for success. In spite of positive policy outcomes, limitations to enhance competitiveness and create the conditions for productivity growth are still present. An umbrella approach in the case of those PDPs that reinforce each other is necessary for productivity growth.
dc.identifier.doihttp://dx.doi.org/10.18235/0010930
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Productive-Development-Policies-in-Costa-Rica-Market-Failures-Government-Failures-and-Policy-Outcomes.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectIndustrial Policy
dc.subject.jelcodeD78 - Positive Analysis of Policy Formulation and Implementation
dc.subject.jelcodeL52 - Industrial Policy • Sectoral Planning Methods
dc.subject.keywordsIDB-WP-157
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-K1097
Return to Publication