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| Title: | Political Economy of Structural Adjustment: A General Equilibirum- Interest Group Perspective |
| Authors: | Roe, Terry |
| Issue Date: | 1992 |
| Series/Report no.: | Bulletin 92-3 |
| Abstract: | Economic policy, policy reform and sustainability are viewed as a
political- collective action process. The challenge is to provide
incentives for collective action that yield an efficient allocation of a
country's resources and to prevent the reemergence of the old policy regime
once a crises is resolved. A modified Ricardo-Viner model with rent
seeking households is used to provide insights into the factors that cause
action to be misdirected, and into how policy reform might be induced and
sustained. The analysis suggests the use of instruments that decrease the
scope for rent seeking, provide resources - in the form of public goods -
to the less influential, and compensatory payments to those disadvantaged
by reform. Several recent IBRD and IMF country programs include these
types of payments. |
| URI: | http://purl.umn.edu/7467 |
| Institution/Association: | University of Minnesota>Economic Development Center>Bulletins |
| Total Pages: | 45 |
| Language: | English |
| Collections: | Bulletins
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