Endogenous Policy Theory: The Political Structure and Policy Formation
AbstractModels of economic systems involving government intervention by definition include some policy variables, or policy instruments, through which the policy in implemented. In general, economists have tended to view these variables as exogenously given. While convenient in dealing with some analytical problems, this attitude is not always adequate, as it abstracts from the realities of political-economic life. Evidently, economic policy is not independent of the economic structure, and policy variables are codetermined with endogenous economic variables within an integrated political-economic structure.
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Bibliographic InfoPaper provided by Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University in its series Food and Agricultural Policy Research Institute (FAPRI) Publications with number 90-gatt27.
Date of creation: Jan 1992
Date of revision:
Other versions of this item:
- Pinhas Zusman & Gordon C. Rausser, 1992. "Endogenous Policy Theory: The Political Structure and Policy Formation," Center for Agricultural and Rural Development (CARD) Publications 90-gatt27, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Zusman, P. & Rausser, Gordon C., 1990. "Endogenous Policy Theory: The Political Structure and Policy Formation," Staff General Research Papers 812, Iowa State University, Department of Economics.
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