Governance Crisis and the Andean Region:. A Political Economy Analysis. Andres Solimano. Governance and development outcomes. Analytical framework. Governance and development outcomes. Analytical framework for Governance 2.1 Basic Concepts. Hierarchy of institutions. Formal rules.
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2.1 Basic Concepts.
2.2 Three main variables
a) Nature and stability of the political regime and the constitution.
b) Quality of institutions.
c) Patterns of social cooperation/conflict related to inequality and ethnic diversity.
(economic growth, macro stability,
Poverty, social equity)
(institutions are created to reduced transaction costs).
(Institutions play a redistributive role and support power structures).
For the Andean Countries (Bolivia, Colombia, Ecuador, Peru and Venezuela)
Bolivia (16 crisis), with 11 taking place between 1969-82.
Growth Competitiveness Report, 75 countries including developed, developing countries and transition economies.
Growth Potential = F [technology index, quality of public institutions index, macroeconomic environment index].
Index of Quality of Public Institutions:
The annual growth record of the Andean country in the 1950-2000 period was, on average, 1.2 percent lower than the (average) rest for Latin America. This is correlated with the governance problems documented in the paper