Tekijä: | Boycko, M. Shleifer, A. Vishny, R. W. |
Otsikko: | Second-best economic policy for a divided government |
Lehti: | European Economic Review
1996 : APR, VOL. 40:3-5, p. 767-774 |
Asiasana: | ECONOMIC POLICY MONOPOLY AID GOVERNMENT RUSSIA |
Kieli: | eng |
Tiivistelmä: | 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. |
SCIMA