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Political Institutions, Policymaking, and Economic Policy in Latin America

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  • Carlos Scartascini
  • Mariano Tommasi
  • Martín Ardanaz

Abstract

This paper surveys selected themes in the political economy of policymaking in Latin America, with an emphasis on recent research focusing on actual decision and implementation processes, and on the political institutions and state and social actors involved in those processes. In particular, the paper addresses how political rules work for or against intertemporal cooperation among political actors. The document shows that the extent to which polities obtain the key policy features that seem to determine development depends on the workings of political institutions, which define how the policymaking game is played, on the characteristics of the arenas of interaction, which define where the policymaking game is played, and on certain characteristics of key socioeconomic groups, which define who interacts with professional politicians in pursuing different policy preferences.

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Bibliographic Info

Paper provided by Inter-American Development Bank in its series IDB Publications with number 6786.

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Date of creation: Mar 2010
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Handle: RePEc:idb:brikps:6786

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Keywords: Fiscal Policy; IDB-WP-158;

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  1. Stanley L Engerman & Kenneth L. Sokoloff, 2002. "Factor Endowments, Inequality, and Paths of Development Among New World Economics," NBER Working Papers 9259, National Bureau of Economic Research, Inc.
  2. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2002. "Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development," NBER Working Papers 9305, National Bureau of Economic Research, Inc.
  3. Carlos Scartascini & Mariano Tommasi, 2009. "The Making of Policy: Institutionalized or Not?," IDB Publications 5379, Inter-American Development Bank.
  4. Mariano Tommasi & Pablo T. Spiller & Ernesto Stein, 2003. "Political Institutions, Policymaking Processes, and Policy Outcomes. An Intertemporal Transactions Framework," Working Papers 59, Universidad de San Andres, Departamento de Economia, revised Jul 2003.
  5. Mariano Tommasi, 2005. "The Institutional Foundations of Public Policy," Working Papers 90, Universidad de San Andres, Departamento de Economia, revised Dec 2005.
  6. Mariano Tommasi, 1995. "Where are we in the Political Economy of Reform?," UCLA Economics Working Papers 733, UCLA Department of Economics.
  7. Robert R. Kaufman & Barbara Stallings, 1991. "The Political Economy of Latin American Populism," NBER Chapters, in: The Macroeconomics of Populism in Latin America, pages 15-43 National Bureau of Economic Research, Inc.
  8. Carlos Scartascini & Ernesto H. Stein & Mariano Tommasi, 2008. "Veto Players, Intertemporal Interactions and Policy Adaptability: How Do Political Institutions Work?," IDB Publications 39558, Inter-American Development Bank.
  9. Jeffrey D. Sachs, 1989. "Social Conflict and Populist Policies in Latin America," NBER Working Papers 2897, National Bureau of Economic Research, Inc.
  10. Rodrik, Dani, 1995. "Political economy of trade policy," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 28, pages 1457-1494 Elsevier.
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