IDEAS home Printed from https://ideas.repec.org/a/oup/jafrec/v33y2024isupplement_2pii26-ii38..html
   My bibliography  Save this article

The Political Economy of Economic Policy Advice

Author

Listed:
  • Stefan Dercon

Abstract

This article examines the political economy of economic policy advice. It offers a framework for assessing how to maximise the economic development impact of advice, allowing for the political incentives of those in power. It argues for a ‘second best’ analysis that looks to maximise development impact given political incentives and shows how standard advice often given by researchers, government advisors or international organisations such as the World Bank and the IMF may not be this second best option. Furthermore, it looks at the implications of treating political constraints as endogenous. Some examples illustrate how research and advice can be more impactful by considering local political economy conditions.

Suggested Citation

  • Stefan Dercon, 2024. "The Political Economy of Economic Policy Advice," Journal of African Economies, Centre for the Study of African Economies, vol. 33(Supplemen), pages 26-38.
  • Handle: RePEc:oup:jafrec:v:33:y:2024:i:supplement_2:p:ii26-ii38.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/jae/ejae027
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    policy advice; economics; political economy; Africa JEL codes: P00; N90; H12;
    All these keywords.

    JEL classification:

    • P00 - Political Economy and Comparative Economic Systems - - General - - - General
    • N90 - Economic History - - Regional and Urban History - - - General, International, or Comparative
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:jafrec:v:33:y:2024:i:supplement_2:p:ii26-ii38.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/csaoxuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.