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dc.titleSupporting Policy Reform from the Outside: Insights from a Theoretical Framework
dc.contributor.authorSmets, Lodewijk
dc.contributor.orgunitCountry Department Caribbean Group
dc.coverageThe Caribbean
dc.date.available2018-09-17T00:00:00
dc.date.issue2018-08-31T00:00:00
dc.description.abstractPolicies 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.
dc.format.extent19
dc.identifier.doihttp://dx.doi.org/10.18235/0001304
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Supporting-Policy-Reform-from-the-Outside-Insights-from-a-Theoretical-Framework.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectEconomic Development and Growth
dc.subjectFiscal Policy
dc.subjectPolitical Institution
dc.subject.jelcodeC60 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling: General
dc.subject.jelcodeD70 - Analysis of Collective Decision-Making: General
dc.subject.jelcodeF35 - Foreign Aid
dc.subject.jelcodeO19 - International Linkages to Development • Role of International Organizations
dc.subject.keywordspolitical economy;institutions;Policy Reform;Beliefs;Policy-Based Lending;Evidence
dc.typePolicy Briefs
idb.identifier.pubnumberPolicy Briefs
idb.operationTT-P1133
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