Katalog GES



Productive Development Policies in Costa Rica: Market Failures, Government Failures, and Policy Outcomes

1st Person: Monge-Gonzalez, Ricardo
Additional Persons: Rivera, Luis; Rosales-Tijerino, Julio
Type of Publication: Paper
Language: English
Published: Inter-American Development Bank (IDB) 2010
Series: IDB Working Paper Series
Online: https://www.econstor.eu/bitstream/10419/89162/1/IDB-WP-157.pdf
id
oai_econstor.eu_10419-89162
recordtype
econstor
institution
MPG
collection
ECONSTOR
title
Productive Development Policies in Costa Rica: Market Failures, Government Failures, and Policy Outcomes
spellingShingle
Productive Development Policies in Costa Rica: Market Failures, Government Failures, and Policy Outcomes
Monge-Gonzalez, Ricardo
IDB Working Paper Series
title_short
Productive Development Policies in Costa Rica: Market Failures, Government Failures, and Policy Outcomes
title_full
Productive Development Policies in Costa Rica: Market Failures, Government Failures, and Policy Outcomes
title_fullStr
Productive Development Policies in Costa Rica: Market Failures, Government Failures, and Policy Outcomes
title_full_unstemmed
Productive Development Policies in Costa Rica: Market Failures, Government Failures, and Policy Outcomes
title_sort
Productive Development Policies in Costa Rica: Market Failures, Government Failures, and Policy Outcomes
format
electronic Article
format_phy_str_mv
Paper
publisher
Inter-American Development Bank (IDB)
publishDate
2010
language
English
author
Monge-Gonzalez, Ricardo
author2
Rivera, Luis
Rosales-Tijerino, Julio
author2Str
Rivera, Luis
Rosales-Tijerino, Julio
description
This paper analyzes five Productive Development Policies (PDPs) implemented in Costa Rica, finding that they are not optimally addressing market failures. Moreover, government failures rather than market failures represent the main justification for PDPs. Even in the presence of market failures, the policy instruments applied are not necessarily the most economically efficient but rather the most politically feasible options. In addition, the lack of policy evaluation and monitoring prevents adjustments and corrections of such policies. Addressing the arguments for policy intervention and incorporating the results of evaluation into policy design and reform are necessary conditions for success. In spite of positive policy outcomes, limitations to enhance competitiveness and create the conditions for productivity growth are still present. An umbrella approach in the case of those PDPs that reinforce each other is necessary for productivity growth.
url
https://www.econstor.eu/bitstream/10419/89162/1/IDB-WP-157.pdf
series
IDB Working Paper Series
seriesStr
IDB Working Paper Series
IDB Working Paper Series
series2
IDB Working Paper Series
series2_facet
IDB Working Paper Series
up_date
2019-03-25T03:50:12.561Z
_version_
1628947975208173574

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