全球智库信息集成服务系统(G2TT): On the Efficacy of Reforms: Policy Tinkering, Institutional Change, and Entrepreneurship

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w10455
来源ID	Working Paper 10455
	On the Efficacy of Reforms: Policy Tinkering, Institutional Change, and Entrepreneurship
	Murat Iyigun; Dani Rodrik
发表日期	2004-04-26
出版年	2004
语种	英语
摘要	We analyze the interplay of policy reform and entrepreneurship in a model where investment decisions and policy outcomes are both subject to uncertainty. The production costs of non-traditional activities are unknown and can only be discovered by entrepreneurs who make sunk investments. The policy maker has access to two strategies: policy tinkering,' which corresponds to a new draw from a pre-existing policy regime, and institutional reform,' which corresponds to a draw from a different regime and imposes an adjustment cost on incumbent firms. Tinkering and institutional reform both have their respective advantages. Institutional reforms work best in settings where entrepreneurial activity is weak, while it is likely to produce disappointing outcomes where the cost discovery process is vibrant. We present cross-country evidence that strongly supports such a conditional relationship.
主题	Development and Growth ; Development ; Growth and Productivity
URL	https://www.nber.org/papers/w10455
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/568084
推荐引用方式 GB/T 7714	Murat Iyigun,Dani Rodrik. On the Efficacy of Reforms: Policy Tinkering, Institutional Change, and Entrepreneurship. 2004.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w10455.pdf（308KB）	智库出版物		限制开放	CC BY-NC-SA	浏览