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dc.contributor.authorScartascini, Carlosen_US
dc.contributor.authorStein, Ernestoen_US
dc.contributor.authorTommasi, Marianoen_US
dc.description.abstractWhile economists have tended to focus on specific public policies when developing recommendations, the achievement of welfare objectives might depend more on the quality of policies than their content. This paper develops several measures of the qualities of policies across countries, arguing that the quality of public policies depends on each polity's ability to strike intertemporal transactions necessary to develop and sustain effective policies. The analytical framework developed here indicates that this ability depends on several characteristics of political institutions, such as congressional capabilities, judicial independence, and bureaucratic independence and professionalism. The empirical evidence presented supports this idea. The measures of policy quality developed here could be utilized for other purposes, including the determination of conditions under which more public spending in a given area is likely to generate the desired outcomes.en_US
dc.publisherInter-American Development Bank, Research Dep. Washington, DCen_US
dc.relation.ispartofseriesWorking paper // Inter-American Development Bank, Research Department 676en_US
dc.subject.keywordPolitical institutionsen_US
dc.subject.keywordPublic policiesen_US
dc.subject.keywordGovernment capabilitiesen_US
dc.subject.keywordIntertemporal cooperationen_US
dc.subject.keywordPolicy indexen_US
dc.subject.keywordJudicial independenceen_US
dc.subject.keywordParty institutionalizationen_US
dc.subject.keywordCongress capabilitiesen_US
dc.subject.keywordCabinet stabilityen_US
dc.titlePolitical institutions, intertemporal cooperation, and the quality of policiesen_US
dc.typeWorking Paperen_US
Appears in Collections:Research Department Working Papers, Inter-American Development Bank

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