Constitutionalism and Credibility in Reforming Economies

Constitutionalism and Credibility in Reforming Economies
Author: Raj M. Desai
Publisher:
Total Pages: 0
Release: 2009
Genre:
ISBN:

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There has been relatively little investigation of the effect of constitutional transformations on the economic transition in post-communist countries. We develop a simple signalling model in which constitutionalism - a commitment to limit political power and provide judicial defence of basic rights - reinforces the credibility of pro-market candidates electoral promises and boosts public support for economic reforms. These findings are tested using opinion poll data on public support for reform in Central and Eastern Europe, and in the former Soviet Union, in the 1990s. In a two-stage procedure we show that public support for market reforms is higher in countries where incumbents have taken deliberate steps to increase political accountability and judicial independence. Public support also spurs actual economic reform.

Constitutionalism and Credibility in Post-Communist Economies

Constitutionalism and Credibility in Post-Communist Economies
Author: Raj M. Desai
Publisher:
Total Pages: 0
Release: 2006
Genre:
ISBN:

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There has been relatively little investigation of the relationship between constitutional transformations and the economic transition in post-communist countries. We develop a simple signaling model in which constitutionalism - a commitment to limit political power and provide judicial defense of basic rights - reinforces the credibility of pro-market candidates' electoral promises and boosts public support for economic reforms. These findings are tested using opinion poll data on public support for reform in Central and Eastern Europe, and in the former Soviet Union, in the 1990s. In a two stage procedure we show that public support for market reforms are higher in countries where incumbents have taken deliberate steps to increase political accountability and judicial independence. Public support also spurs actual economic reform.

Political Credibility and Economic Development

Political Credibility and Economic Development
Author: Silvio Borner
Publisher: Springer
Total Pages: 226
Release: 2016-07-27
Genre: Business & Economics
ISBN: 1349240494

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Why have the economies of some developing countries fallen back while others have advanced? Why have so many stabilization and structural adjustment programs failed to deliver growth dividends? This book shows that there is a common and valid answer: political credibility defined as the predictability of the institutional rules of the game. This case is not only argued theoretically but also found to be confirmed by empirical analysis. Ten case studies pitting Latin American countries against Southeast Asian ones reveal the sources of political credibility. Economic openness is the necessary precondition, long-term reputation or democratic participation the sufficient one. Despite the seemingly superior strength of authoritarian reputation democratic control is the more successful road.

Reforming Infrastructure

Reforming Infrastructure
Author: Ioannis Nicolaos Kessides
Publisher: World Bank Publications
Total Pages: 328
Release: 2004
Genre: Business & Economics
ISBN:

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Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.

Bureaucrats in Business

Bureaucrats in Business
Author:
Publisher: World Bank Publications
Total Pages: 370
Release: 1995
Genre: Business & Economics
ISBN: 9780195211061

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Refer review of this policy book in 'Journal of International Development, vol. 10, 7, 1998. pp.841-855.

Fighting Corruption in Public Services

Fighting Corruption in Public Services
Author: World Bank
Publisher: World Bank Publications
Total Pages: 127
Release: 2012-02-01
Genre: Political Science
ISBN: 0821394762

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This book chronicles the anti-corruption reforms in public services in Georgia since the Rose Revolution in late 2003. Through a series of case studies, the book draws out the how of these reforms and distills the key success factors.

The Rule Of Law And Economic Reform In Russia

The Rule Of Law And Economic Reform In Russia
Author: Jeffery Sachs
Publisher: Routledge
Total Pages: 228
Release: 2019-05-20
Genre: History
ISBN: 0429964420

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What impact has Russia's chosen path of reform had on the development of law after the collapse of the communist regime? This collection of essays examines how Russia's distinctive traditions of law-and lawlessness-are shaping the current struggle for economic reform in the country. Nine renowned scholars, chosen from specialties in history, politi

The Economic Effects of Constitutions

The Economic Effects of Constitutions
Author: Torsten Persson
Publisher: MIT Press
Total Pages: 324
Release: 2005-01-14
Genre: Business & Economics
ISBN: 9780262661928

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The authors of The Economic Effects of Constitutions use econometric tools to study what they call the "missing link" between constitutional systems and economic policy; the book is an uncompromisingly empirical sequel to their previous theoretical analysis of economic policy. Taking recent theoretical work as a point of departure, they ask which theoretical findings are supported and which are contradicted by the facts. The results are based on comparisons of political institutions across countries or time, in a large sample of contemporary democracies. They find that presidential/parliamentary and majoritarian/proportional dichotomies influence several economic variables: presidential regimes induce smaller public sectors, and proportional elections lead to greater and less targeted government spending and larger budget deficits. Moreover, the details of the electoral system (such as district magnitude and ballot structure) influence corruption and structural policies toward economic growth.Persson and Tabellini's goal is to draw conclusions about the causal effects of constitutions on policy outcomes. But since constitutions are not randomly assigned to countries, how the constitutional system was selected in the first place must be taken into account. This raises challenging methodological problems, which are addressed in the book. The study is therefore important not only in its findings but also in establishing a methodology for empirical analysis in the field of comparative politics.

The Romanian Economic Reform Program

The Romanian Economic Reform Program
Author: Mr.Dimitri G. Demekas
Publisher: International Monetary Fund
Total Pages: 50
Release: 1991-06-15
Genre: Business & Economics
ISBN: 9781557751904

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This paper outlines the main characteristics and the development of the centrally planned economic sysetm in Romania before the beginnings of the transition to a market eonomy it then presents the design, objectives, and implementation of the reform program.

Crossing Borders

Crossing Borders
Author: Florian Grotz
Publisher: Walter de Gruyter
Total Pages: 340
Release: 2007
Genre: Law
ISBN: 9783899494792

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"This volume deals with the interrelationship between nation-state constitutions and their international environments. In this context, ongoing processes of transnationalisation have not only contributed to blurring the formerly clear-cut boundaries between these two domains, but also interdisciplinary and applied research on constitutional developments. The authors of this Festschrift include eminent lawyers, economists and political scientists from Europe, the United States and East Asia who worked together with Joachim Jens Hesse in various contexts."--BOOK JACKET.