Democracy, Public Expenditures, and the Poor

Democracy, Public Expenditures, and the Poor
Author :
Publisher : World Bank Publications
Total Pages : 36
Release :
ISBN-10 : 9780031210104
ISBN-13 : 0031210104
Rating : 4/5 (104 Downloads)

Book Synopsis Democracy, Public Expenditures, and the Poor by : Philip Keefer

Download or read book Democracy, Public Expenditures, and the Poor written by Philip Keefer and published by World Bank Publications. This book was released on 2003 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries vary systematically with respect to the incentives of politicians to provide broad public goods, and to reduce poverty. Even in developing countries that are democracies, politicians often have incentives to divert resources to political rents, and to private transfers that benefit a few citizens at the expense of many. These distortions can be traced to imperfections in political markets, that are greater in some countries than in others. The authors review the theory, and evidence on the impact of incomplete information of voters, the lack of credibility of political promises, and social polarization on political incentives. They argue that the effects of these imperfections are large, but that their implications are insufficiently integrated into the design of policy reforms aimed at improving the provision of public goods, and reducing poverty.


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