Political institutions and policy outcomes in Colombia: the effects of the 1991 Constitution

"The 1991 Colombian constitution strengthened the checks and balances of the political system by enhancing the role of Congress and the Constitutional Court, while somewhat limiting the powers of the president (who nonetheless remains extremely powerful even for Latin American standards). As a...

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Autores Principales: Cárdenas, Mauricio, Pachón, Mónica, Junguito, Roberto
Publicado: 2015
Materias:
Acceso en línea:http://hdl.handle.net/11445/812
id ir-11445-812
recordtype dspace
spelling ir-11445-8122017-06-17T16:58:09Z Political institutions and policy outcomes in Colombia: the effects of the 1991 Constitution Cárdenas, Mauricio Pachón, Mónica Junguito, Roberto Instituciones Políticas Política Pública "The 1991 Colombian constitution strengthened the checks and balances of the political system by enhancing the role of Congress and the Constitutional Court, while somewhat limiting the powers of the president (who nonetheless remains extremely powerful even for Latin American standards). As a consequence of the larger number of relevant players, and the removal of barriers that restricted political participation, the political system gained in terms of representation. However, political transaction costs increased, making cooperation harder to achieve. We show that this has been typically the case of fiscal policy, where the use of rigid rules, the constitutionalization of some policies, and reduction in legislative success rates -due to the presence of a more divided and fragmented congress- have limited the adaptability and flexibility of policies. In contrast, in other areas of policy -such as monetary policy and regulation of public utilities- that were formally delegated to the technocracy, policies have been more adaptable to economic shocks, delivering better outcomes." "The 1991 Colombian constitution strengthened the checks and balances of the political system by enhancing the role of Congress and the Constitutional Court, while somewhat limiting the powers of the president (who nonetheless remains extremely powerful even for Latin American standards). As a consequence of the larger number of relevant players, and the removal of barriers that restricted political participation, the political system gained in terms of representation. However, political transaction costs increased, making cooperation harder to achieve. We show that this has been typically the case of fiscal policy, where the use of rigid rules, the constitutionalization of some policies, and reduction in legislative success rates -due to the presence of a more divided and fragmented congress- have limited the adaptability and flexibility of policies. In contrast, in other areas of policy -such as monetary policy and regulation of public utilities- that were formally delegated to the technocracy, policies have been more adaptable to economic shocks, delivering better outcomes." E61 E65 H11 2015-12-19T00:02:35Z 2016-01-21T02:26:06Z 2017-04-17T20:27:37Z 2017-06-17T16:58:09Z 2015-12-19T00:02:35Z 2016-01-21T02:26:06Z 2017-04-17T20:27:37Z 2017-06-17T16:58:09Z 2005-01 http://hdl.handle.net/11445/812 Documentos de Trabajo (Working Papers). No. 28. Enero 2005 application/pdf
institution Fedesarrollo
collection DSpace
topic Instituciones Políticas
Política Pública
spellingShingle Instituciones Políticas
Política Pública
Cárdenas, Mauricio
Pachón, Mónica
Junguito, Roberto
Political institutions and policy outcomes in Colombia: the effects of the 1991 Constitution
description "The 1991 Colombian constitution strengthened the checks and balances of the political system by enhancing the role of Congress and the Constitutional Court, while somewhat limiting the powers of the president (who nonetheless remains extremely powerful even for Latin American standards). As a consequence of the larger number of relevant players, and the removal of barriers that restricted political participation, the political system gained in terms of representation. However, political transaction costs increased, making cooperation harder to achieve. We show that this has been typically the case of fiscal policy, where the use of rigid rules, the constitutionalization of some policies, and reduction in legislative success rates -due to the presence of a more divided and fragmented congress- have limited the adaptability and flexibility of policies. In contrast, in other areas of policy -such as monetary policy and regulation of public utilities- that were formally delegated to the technocracy, policies have been more adaptable to economic shocks, delivering better outcomes."
author Cárdenas, Mauricio
Pachón, Mónica
Junguito, Roberto
author_facet Cárdenas, Mauricio
Pachón, Mónica
Junguito, Roberto
author_sort Cárdenas, Mauricio
title Political institutions and policy outcomes in Colombia: the effects of the 1991 Constitution
title_short Political institutions and policy outcomes in Colombia: the effects of the 1991 Constitution
title_full Political institutions and policy outcomes in Colombia: the effects of the 1991 Constitution
title_fullStr Political institutions and policy outcomes in Colombia: the effects of the 1991 Constitution
title_full_unstemmed Political institutions and policy outcomes in Colombia: the effects of the 1991 Constitution
title_sort political institutions and policy outcomes in colombia: the effects of the 1991 constitution
publishDate 2015
url http://hdl.handle.net/11445/812
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score 9,098366