The Complex Network of Public Policies : An Empirical Framework for Identifying their Relevance in Economic Development
This paper presents an innovative methodology for discovering policies that are consistent with economic development. A development footprint narrative is advanced to suggest that laggard countries can improve their good overall economic performanc...
| Main Authors: | , , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/527281487590365982/World-development-report-2017-the-complex-network-of-public-policies-an-empirical-framework-for-identifying-their-relevance-in-economic-development http://hdl.handle.net/10986/26193 |
| Summary: | This paper presents an innovative
methodology for discovering policies that are consistent
with economic development. A development footprint narrative
is advanced to suggest that laggard countries can improve
their good overall economic performance when tracking policy
indicators of more advances but structurally similar
economies. This narrative is converted in a workable policy
guideline through the use of a complex network of public
policies. The main results generated when the model is
calibrated with a panel of countries in all income
categories for the period 2006-2012 are as follows: (i)
public policies are context dependent; (ii) there are
different development modes that any country can undertake;
(iii) policy interventions within each mode are part of a
consistent package and, thus, they should not be implemented
in isolation; and (iv) bosting public governance indicators
do not seem to be important for the poorest countries of
income group 4, but this type of actions are very critical
in upper-middle income countries of group 2. |
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