Abstract
We study the incentives of political parties to institute reforms that improve bureaucratic quality and increase the ability of governments to implement policy change. We consider a context of dynamic elections where current rigidities do not permit large changes in policies. We show that reforms in which a sufficient share of benefits are experienced late in time will never be implemented if parties are patient enough.
| Original language | English |
|---|---|
| Article number | 111166 |
| Journal | Economics Letters |
| Volume | 228 |
| Early online date | 11 May 2023 |
| DOIs | |
| Publication status | Published - Jul 2023 |
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