Political institutions, intertemporal cooperation, and the quality of public policies



Document title: Political institutions, intertemporal cooperation, and the quality of public policies
Journal: Journal of applied economics
Database: CLASE
System number: 000401683
ISSN: 1667-6726
Authors: 1
1
2
Institutions: 1Banco Interamericano de Desarrollo, Washington, Distrito de Columbia. Estados Unidos de América
2Universidad de San Andrés, Buenos Aires. Argentina
Year:
Season: May
Volumen: 16
Number: 1
Pages: 1-32
Country: Argentina
Language: Inglés
Document type: Artículo
Approach: Analítico, descriptivo
English abstract While economists have tended to focus on specific public policies when developing recommendations, the achievement of welfare objectives might depend more on the quality of policies than their content. This paper develops several measures of the qualities of policies across countries, arguing that the quality of public policies depends on each polity’s ability to strike intertemporal transactions necessary to develop and sustain effective policies. The analytical framework developed here indicates that this ability depends on several characteristics of political institutions, such as congressional capabilities, judicial independence, and bureaucratic independence and professionalism. The empirical evidence presented supports this idea
Disciplines: Economía
Keyword: Política económica,
Instituciones políticas,
Políticas públicas,
Gobierno,
Congreso,
Independencia judicial,
Institucionalización política,
Burocracia,
Desempeño gubernamental
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