The Political Economy of Redistribution and (In)efficiency in Latin America and The Caribbean
Matías Güizzo Altube (matias.guizzo.altube@gmail.com),
Carlos Scartascini and
Mariano Tommasi (tommasi@udesa.edu.ar)
Additional contact information
Matías Güizzo Altube: Inter-American Development Bank
Mariano Tommasi: Universidad de San Andrés
No 169, Working Papers from Universidad de San Andres, Departamento de Economia
Abstract:
Inequality is a crucial issue in Latin America and the Caribbean, alongside very low productivity gains over the last 60 years and low levels of investment and efficiency. Most literature, especially on the political economy determinants of these problems, has considered these issues individually. This article revisits the discussion on the political economy of redistribution (or lack thereof) in the region, embedding it in a broader political economy debate. We characterize the region and its countries in terms of the size of the public sector, the extent of fiscal redistribution, and the efficiency of public action. We summarize various strands of literature that explain elements of the fiscal vector individually and provide a framework that combines elements from several strands, explaining why different countries exhibit different configurations of government size, redistribution, and efficiency.
Keywords: Inequality; Redistribution; Political Economy; Growth; Poverty (search for similar items in EconPapers)
JEL-codes: E62 H20 H23 P16 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2023-09, Revised 2024-07
New Economics Papers: this item is included in nep-lam, nep-ltv, nep-pbe and nep-pol
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https://webacademicos.udesa.edu.ar/pub/econ/doc169.pdf First version, September 2023 (application/pdf)
Related works:
Working Paper: The political economy of redistribution and (in)efficiency in Latin America and the Caribbean (2023)
Working Paper: The Political Economy of Redistribution and (in)Efficiency in Latin America and the Caribbean (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:sad:wpaper:169
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