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| Author: | Boycko, M. Shleifer, A. Vishny, R. W. |
| Title: | Second-best economic policy for a divided government |
| Journal: | European Economic Review
1996 : APR, VOL. 40:3-5, p. 767-774 |
| Index terms: | ECONOMIC POLICY MONOPOLY AID GOVERNMENT RUSSIA |
| Language: | eng |
| Abstract: | Economic policy advice is often dispensed based on a model of a unified and benevolent government. The model is inappropriate for some transition economies. The model of a badly divided government, as a more appropriate model, often leads to very different recommendations on policy matters. The paper illustrates this point using the example of pre-privatization restructuring of state firms, and discusses its implications for foreign economic assistance. |
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