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Yardstick Competition among Governments

Yardstick Competition among Governments
Author: Pierre Salmon
Publisher: Oxford University Press
Total Pages: 272
Release: 2019-05-10
Genre: Business & Economics
ISBN: 0190499176

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Measuring government effectiveness is essential to ensuring accountability, as is an informed public that is willing and able to hold elected officials and policy-makers accountable. There are various forms of measurement, including against prior experience or compared to some ideal. In Yardstick Competition among Governments, Pierre Salmon argues that a more effective and insightful approach is to use common measures across a variety of countries, state, or other relevant political and economic districts. This facilitates and enables citizens comparing policy outputs in their own jurisdictions with those of others. An advantage of this approach is that it reduces information asymmetries between citizens and public officials, decreasing the costs of monitoring by the former of the latter -along the lines of principal-agent theory. These comparisons can have an effect on citizens' support to incumbents and, as a consequence, also on governments' decisions. By increasing transparency, comparisons by common yardsticks can decrease the influence of interest groups and increase the focus on broader concerns, whether economic growth or others. Salmon takes up complicating factors such as federalism and other forms of multi-level governance, where responsibility can become difficult to disentangle and accountability a challenge. Salmon also highlights the importance of publics with heterogeneous preferences, including variations in how voters interpret their roles, functions, or tasks. This results in the coexistence within the same electorate of different types of voting behavior, not all of them forward-looking. In turn, when incumbents face such heterogeneity, they can treat the response to their decisions as an aggregate non-strategic relation between comparative performance and expected electoral support. Combining theoretical, methodological, and empirical research, Salmon demonstrates how yardstick competition among governments, a consequence of the possibility that citizens look across borders, is a very significant, systemic dimension of governance both at the local and at the national levels.


Yardstick Competition Among Governments

Yardstick Competition Among Governments
Author: Pierre Salmon
Publisher: Oxford University Press, USA
Total Pages: 273
Release: 2019-06-03
Genre:
ISBN: 0190499168

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Measuring government effectiveness is essential to ensuring accountability, as is an informed public that is willing and able to hold elected officials and policy-makers accountable. There are various forms of measurement, including against prior experience or compared to some ideal. In Yardstick Competition among Governments, Pierre Salmon argues that a more effective and insightful approach is to use common measures across a variety of countries, state, or other relevant political and economic districts. This facilitates and enables citizens comparing policy outputs in their own jurisdictions with those of others. An advantage of this approach is that it reduces information asymmetries between citizens and public officials, decreasing the costs of monitoring by the former of the latter -along the lines of principal-agent theory. These comparisons can have an effect on citizens' support to incumbents and, as a consequence, also on governments' decisions. By increasing transparency, comparisons by common yardsticks can decrease the influence of interest groups and increase the focus on broader concerns, whether economic growth or others. Salmon takes up complicating factors such as federalism and other forms of multi-level governance, where responsibility can become difficult to disentangle and accountability a challenge. Salmon also highlights the importance of publics with heterogeneous preferences, including variations in how voters interpret their roles, functions, or tasks. This results in the coexistence within the same electorate of different types of voting behavior, not all of them forward-looking. In turn, when incumbents face such heterogeneity, they can treat the response to their decisions as an aggregate non-strategic relation between comparative performance and expected electoral support. Combining theoretical, methodological, and empirical research, Salmon demonstrates how yardstick competition among governments, a consequence of the possibility that citizens look across borders, is a very significant, systemic dimension of governance both at the local and at the national levels.


Handbook of Regional and Urban Economics

Handbook of Regional and Urban Economics
Author: V. Henderson
Publisher: Elsevier
Total Pages: 1081
Release: 2004-07-21
Genre: Business & Economics
ISBN: 0080495125

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The new Handbook of Regional and Urban Economics: Cities and Geography reviews, synthesizes and extends the key developments in urban and regional economics and their strong connection to other recent developments in modern economics. Of particular interest is the development of the new economic geography and its incorporation along with innovations in industrial organization, endogenous growth, network theory and applied econometrics into urban and regional economics. The chapters cover theoretical developments concerning the forces of agglomeration, the nature of neighborhoods and human capital externalities, the foundations of systems of cities, the development of local political institutions, regional agglomerations and regional growth. Such massive progress in understanding the theory behind urban and regional phenomenon is consistent with on-going progress in the field since the late 1960’s. What is unprecedented are the developments on the empirical side: the development of a wide body of knowledge concerning the nature of urban externalities, city size distributions, urban sprawl, urban and regional trade, and regional convergence, as well as a body of knowledge on specific regions of the world—Europe, Asia and North America, both current and historical. The Handbook is a key reference piece for anyone wishing to understand the developments in the field.


Political Economics

Political Economics
Author: Torsten Persson
Publisher: MIT Press
Total Pages: 503
Release: 2002-01-25
Genre: Business & Economics
ISBN: 0262303663

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What determines the size and form of redistributive programs, the extent and type of public goods provision, the burden of taxation across alternative tax bases, the size of government deficits, and the stance of monetary policy during the course of business and electoral cycles? A large and rapidly growing literature in political economics attempts to answer these questions. But so far there is little consensus on the answers and disagreement on the appropriate mode of analysis. Combining the best of three separate traditions—the theory of macroeconomic policy, public choice, and rational choice in political science—Torsten Persson and Guido Tabellini suggest a unified approach to the field. As in modern macroeconomics, individual citizens behave rationally, their preferences over economic outcomes inducing preferences over policy. As in public choice, the delegation of policy decisions to elected representatives may give rise to agency problems between voters and politicians. And, as in rational choice, political institutions shape the procedures for setting policy and electing politicians. The authors outline a common method of analysis, establish several new results, and identify the main outstanding problems.


The Political Economy of Democracy

The Political Economy of Democracy
Author: Enriqueta Aragonès
Publisher: Fundacion BBVA
Total Pages: 358
Release: 2009
Genre: Democracy
ISBN: 8496515915

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Hay razones para pensar que llega una cuarta ola de democratización. En la actualidad existen más democracias en el mundo que en ningún periodo anterior. Desde el año 1991, nada menos que cuarenta Estados han emprendido la transición hacia la democracia. La existencia de naciones en vías de democratización o de redemocratización, como los esfuerzos para crear constituciones supraestatales -es el caso de la Unión Europea-, hacen imprescindible avanzar hacia un mejor conocimiento de los procedimientos legislativos y los modelos alternativos de constitución política. La división histórica de las ciencias políticas en distintos campos de estudio ha sesgado el enfoque adoptado por economistas y politólogos sobre numerosos temas y ha supuesto limitaciones artificiales para el análisis de muchas cuestiones sociales relevantes. De ahí la importancia innegable de un estudio unificado de la economía política que explore las fronteras de la interacción entre política y economía. La caracterización de la economía política como síntesis de diversos campos suscitará controversia, a la vez que abre una línea de investigación muy estimulante para elucidar nuestra comprensión sobre las democracias.Este libro recoge los resultados del seminario "La economía política de la democracia", celebrado en Barcelona entre los días 5 y 7 de junio de 2008 con el apoyo de la Fundación BBVA. En él se dieron cita líderes intelectuales en economía y ciencias políticas con el fin de desarrollar planteamientos equilibrados sobre temas comunes de análisis, tales como las estrategias preelectorales, las elecciones, la formación de coaliciones y las prácticas de gobierno, dentro de un único marco integrador. Se prestó una especial atención a campos actuales de desarrollo, entres ellos, la entrada endógena de candidatos, los comportamientos de políticos y votantes, negociaciones y acuerdos, y regímenes políticos.


The Political Economy of Theocracy

The Political Economy of Theocracy
Author: R. Wintrobe
Publisher: Springer
Total Pages: 521
Release: 2009-03-30
Genre: Business & Economics
ISBN: 023062006X

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This book consists of essays by leading scholars in economics and political science which try deepen our understanding of how theocratic regimes behave, by providing up to date empirical surveys by leading scholars of the economic performance of Iran and of Muslim countries in general, and by looking at the behavior of historical theocracies.


Principled Agents?

Principled Agents?
Author: Timothy Besley
Publisher: OUP Oxford
Total Pages: 280
Release: 2006-06-15
Genre: Business & Economics
ISBN: 0191533920

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What is good government? Why do some governments fail? How do you implement political accountability in practice? What incentives do you need to put in place to ensure that politicians and public servants act in the public interest and not their own? These questions and many more are addressed in Timothy Besley's intriguing Lindahl lectures. Economic analyses of government usually divide into two broad camps. One which emphasizes government as a force for public good that can regulate markets, distribute resources and generally work towards improving the lives of its citizens. The other sees government as driven by private interests, susceptible to those with the power to influence its decisions and failing to incentivize its officials to act for the greater public good. This book adopts a middle way between the two extremes, the Publius approach, which recognizes the potential for government to act for the public good but also accepts the fact that things often go wrong. It shares the view that there are certain institutional preconditions for effective government but then proceed to examine exactly what those preconditions are. Timothy Besley emphasises that it is not just about designing an appropriate institutional framework but also about understanding the way incentives work and the process by which the political class is selected.