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Theoretical and Applied Economics
No. 1 / 2018 (614), Spring

Political economy map – A useful tool for public policy decision makers

Claudiu DOLTU
The Bucharest University of Economic Studies, Romania

Abstract. This paper shows the usefulness of political economy mapping for public policies decision makers and for those designing public policies. A political economy map is not a perfect instrument, but easy to use and not expensive. It could be considered a major ingredient in designing and implementing any public policy. Its power comes from the knowledge provided. Its usefulness can be increased when more resources (time and money) are devoted to realize it. In the same time, ignoring it could lead to failure or unintended and undesired reactions of those affected, even if decision makers would have been well intended and some changes would have been necessary to implement.

Public policy makers would always welcome more information on the potential effects of their decisions. Public policy decisions alter costs and benefits for individuals, households, companies, various institutions and structures of the administration or other organized groups - trade unions, consumer or business associations, etc. (Croitoru et al., 2000).

The experience of the last 30 years provides many examples of success and failure in public policies. In many cases, what made the difference between success and failure were the support or opposition societies where various public policies decisions were implemented provided (Ruehl and Daianu, 1999; Doltu and Duhaneanu, 2010).

This paper is based on a previous study on the position and role of different stakeholders, who would win and who would lose from reforming the public administration in Romania.

Keywords: political economy map, public policies, public administration, incentives, winners, losers, interest, influence.

Contents

1

Political economy map – A useful tool for public policy decision makers

Claudiu DOLTU

2

Macroeconomic uncertainty and FDI in developing countries

Pradeep Kumar DAS

3

Impact of foreign direct investment inflows on tax revenues in OECD countries: A panel cointegration and causality analysis

Yilmaz BAYAR · Omer Faruk OZTURK

4

Macroprudential stability indicators of financial systems: Analysis of Bosnia and Herzegovina and Croatia

Merim KASUMOVIĆ · Mirna MEŠIĆ

5

Does exchange rate always affect the number of inbound tourists significantly in China?

Xue GAO · Hsu-Ling CHANG · Chi-Wei SU

6

The effects of Turkish-Russian political relations on bilateral trade balance: Cointegration and causal analysis

Abidin ÖNCEL · Liudmila LIAPINA

7

The relationship between financial deepening and economic growth: Bootstrap causality approach for the selected upper middle income countries

Mesut Alper GEZER

8

Financial development, trade openness and growth in India

Raghutla CHANDRASHEKAR · T. SAMPATH · Krishna Reddy CHITTEDI

9

The impact of carbon dioxide (CO2) emissions on tourism: Does the source of emission matter?

Can Tansel TUGCU · Mert TOPCU

10

Effect of exchange rate policy on GDP and GDP components: The Kyrgyz Republic Case

Fuat SEKMEN · Nurbek MADMAROV

11

Dynamic linkages between corruption, economic growth, and income inequality in Pakistan: Say ‘No’ to corruption

Sheraz Ahmad CHOUDHARY · Khalid Zaman · Shakira EJAZ

12

Impact of defence expenditures on external debt: An econometric analysis for Turkey and Turkic Republics

Kadir KARAGÖZ