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The Political Economy of Controls: Complexity

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  • Anne O. Krueger
  • Roderick Duncan

Abstract

Increasing complexity of regulation over time is a regular empirical phenomenon whenever political processes attempt to control economic activity. In this paper it is argued that a tendency toward increasing complexity of controls is probably inherent in most efforts to regulate, and that the great likelihood that it will occur should be taken into account in initial policy formulation. Economic policy analyses may be correct as formulated on the assumption that the initial policies will be adopted and not be altered, but be wrong if it is recognized that increased complexity may be an inevitable cost of the policy.

Suggested Citation

  • Anne O. Krueger & Roderick Duncan, 1993. "The Political Economy of Controls: Complexity," NBER Working Papers 4351, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:4351
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    References listed on IDEAS

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    1. Anne O. Krueger, 1978. "Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences," NBER Books, National Bureau of Economic Research, Inc, number krue78-1, July.
    2. Quandt, Richard E., 1983. "Complexity in regulation," Journal of Public Economics, Elsevier, vol. 22(2), pages 199-214, November.
    3. Kearl, J. R., 1983. "Rules, rule intermediaries and the complexity and stability of regulation," Journal of Public Economics, Elsevier, vol. 22(2), pages 215-226, November.
    4. Jagdish N. Bhagwati, 1978. "Anatomy of Exchange Control Regimes," NBER Chapters, in: Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes, pages 7-52, National Bureau of Economic Research, Inc.
    5. Scott, Maurice & Lal, Deepak (ed.), 1990. "Public Policy and Economic Development: Essays in Honour of Ian Little," OUP Catalogue, Oxford University Press, number 9780198285823.
    6. Jagdish N. Bhagwati, 1978. "Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes," NBER Books, National Bureau of Economic Research, Inc, number bhag78-1, July.
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    Cited by:

    1. Yujiro Hayami & Yoshihisa Godo, 1997. "Economics and Politics of Rice Policy in Japan: A Perspective on the Uruguay Round," NBER Chapters, in: Regionalism versus Multilateral Trade Arrangements, pages 371-404, National Bureau of Economic Research, Inc.
    2. Jorge Quiróz & Raimundo Soto, "undated". "International Price Signals in Agricultural Markets: DoGovernments Care?," ILADES-UAH Working Papers inv088, Universidad Alberto Hurtado/School of Economics and Business.
    3. Julia del Amo Valor & Marcos Martín Mateos & Diego Martínez López & Javier J. Pérez, 2023. "Is the European economic governance framework too “complex”? A critical discussion," Working Papers 2023-06, FEDEA.
    4. Kako Nubukpo & Pierre Janin, 2005. "Incertitudes et « jeux céréaliers » en Afrique de l'Ouest : quels enseignements politiques ?," Revue Tiers Monde, Programme National Persée, vol. 46(184), pages 811-835.
    5. Olivér Kovács, 2019. "Grounding Complexity Economics in Framing Modern Governance," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(4), pages 571-594, December.
    6. Levy, Philip I., 1999. "Lobbying and international cooperation in tariff setting," Journal of International Economics, Elsevier, vol. 47(2), pages 345-370, April.

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    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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