Advanced Search
MyIDEAS: Login to save this paper or follow this series

Economic policy and institutional change: a contex-specific model for explaining the economic reforms failure in 1970´s Colombia

Contents:

Author Info

  • Angela Milena Rojas

    ()

Registered author(s):

    Abstract

    This paper develops a context-specific model (Greif, 1997) to analyze the case of failed market-oriented reform in Colombia during 1974-78. The methodology keeps the contextual specificity at a manageable level, which is no more than the institutional structure under consideration, while it tries to maintain a parsimonious model. The theoretical framework is inscribed in the rational choice approach and game theory. This paper raises a standard question in economic reforms literature: why did the reforms fail? More comprehensively, what impeded progressive institutional change in this case? The answer is based on modelling theoretically and historically the strategic dilemmas brought about by the reforms and internacional shocks. Government appears here as an inflexible agenda setter poorly endowed; Coffee as the dominant player whose short-run interests won through, and Industry as the weak player who openly opposed to policies that the G-Cs coalition set out with the 1976 coffee boom. Ultimately the reforms failed because of Government´s poor understanding of and limited autonomy for solving the dilemmas economic reforms vs. coffee boom", "Non-coffee sectors vs. Coffee sector", and "Short-run vs. Long-run economic growth". "

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.udea.edu.co/portal/page/portal/bibliotecaSedesDependencias/unidadesAcademicas/FacultadCienciasEconomicas/ElementosDiseno/Documentos/BorradoresEconomia/BorradCIE_25.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by UNIVERSIDAD DE ANTIOQUIA - CIE in its series BORRADORES DEL CIE with number 004193.

    as in new window
    Length: 66
    Date of creation: 05 Nov 2006
    Date of revision:
    Handle: RePEc:col:000099:004193

    Contact details of provider:

    Related research

    Keywords: Economic reforms; macroeconomic stabilization; structural adjustment; prisoner´s dilemma; assurance game; coalition; Colombian Economic Policy and History;

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:col:000099:004193. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Laura Maria Posada Arboleda).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.