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Theories of “bad policy”

Author

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  • James A. Robinson
Abstract
Recent growth theory fails to provide a convincing account of underdevelopment in terms of economic “fundamentals”. As a result, many accounts cite “bad” government policy (including the failure to support appropriate institutions) as a causal factor behind stagnation. Yet this perspective is hard to understand from the viewpoint of welfare economics. This paper studies theories of endogenous policy which can possibly account for such bad policy. I stress three (interrelated) general intuitions about the causes of bad policy which apply, irrespective of the type of political regime: (1) inability to use transfers to separate efficiency and distribution, (2) inability to commit, (3) the close connection between development and changes in the distribution of political power. I particularly stress the ability (or inability) of these theories to explain cross country differences.

Suggested Citation

  • James A. Robinson, 1998. "Theories of “bad policy”," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 2(1), pages 1-46.
    • Handle: RePEc:taf:jpolrf:v:2:y:1998:i:1:p:1-46
    DOI: 10.1080/13841289808523372
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    Cited by:

    1. de Soysa, Indra & Gizelis, Theodora-Ismene, 2013. "The natural resource curse and the spread of HIV/AIDS, 1990–2008," Social Science & Medicine, Elsevier, vol. 77(C), pages 90-96.
    2. T. Clark Durant & Michael Weintraub, 2014. "How to make democracy self-enforcing after civil war: Enabling credible yet adaptable elite pacts," Conflict Management and Peace Science, Peace Science Society (International), vol. 31(5), pages 521-540, November.
    3. Simplice A. Asongu & Oasis Kodila-Tedika, 2018. "Determinants of Property Rights Protection in Sub-Saharan Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(4), pages 1291-1308, December.
    4. Covadonga Meseguer, 2006. "Rational Learning and Bounded Learning in the Diffusion of Policy Innovations," Rationality and Society, , vol. 18(1), pages 35-66, February.
    5. Jennings, Colin, 2011. "The good, the bad and the populist: A model of political agency with emotional voters," European Journal of Political Economy, Elsevier, vol. 27(4), pages 611-624.
    6. Manuel Couret Branco, 2007. "The Logic of Globalization and Substantive Democracy," Economics Working Papers 01_2007, University of Évora, Department of Economics (Portugal).
    7. Acemoglu, Daron & Johnson, Simon & Robinson, James A., 2005. "Institutions as a Fundamental Cause of Long-Run Growth," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 6, pages 385-472, Elsevier.
    8. Scott Gehlbach, 2003. "Taxability and Government Support of Business Activity: Testing Theories of Social-Contract Failure," Working Papers w0028, Center for Economic and Financial Research (CEFIR).
    9. Meseguer, Covadonga, 2006. "Learning and economic policy choices," European Journal of Political Economy, Elsevier, vol. 22(1), pages 156-178, March.
    10. Manuel Couret Branco, 2008. "Underdevelopment and Democratization in Africa," CEFAGE-UE Working Papers 2008_06, University of Evora, CEFAGE-UE (Portugal).
    11. Bruno Merlevede, 2003. "Reform reversals and output growth in transition economies," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 11(4), pages 649-669, December.
    12. Carl Henrik Knutsen, 2012. "Democracy and economic growth: A survey of arguments and results," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 15(4), pages 393-415, December.
    13. Dutt, Pushan & Mobarak, Ahmed Mushfiq, 2016. "Democracy and policy stability," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 499-517.
    14. Manuel Couret Branco, 2006. "The Political Economy of Democratic Governance and Economic Development," Economics Working Papers 12_2006, University of Évora, Department of Economics (Portugal).
    15. T Clark Durant & Michael Weintraub, 2014. "An institutional remedy for ethnic patronage politics," Journal of Theoretical Politics, , vol. 26(1), pages 59-78, January.
    16. Abdoul’ Mijiyawa, 2013. "Determinants of property rights institutions: survey of literature and new evidence," Economics of Governance, Springer, vol. 14(2), pages 127-183, May.

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