Explaining Political Credibility: Conceptual Foundations

Silvio Borner, Aymo Brunetti and Beatrice Weder

Chapter 5 in Political Credibility and Economic Development, 1995, pp 75-104 from Palgrave Macmillan

Abstract: Abstract This chapter will start the analysis of the sources of political credibility by discussing mechanisms that reduce the discretionary powers of governments. The most primitive of the three basic mechanisms is reputation, which forms the basis of monarchical systems. This is enhanced by the second mechanism — openness, that is, an element of competition between countries. The most refined mechanism is institutionalised control through participation, which is at the heart of credibility in well-functioning democracies. This is not to imply, however, that there is some kind of natural order in these mechanisms, we are merely setting the stage for the following case studies by stating that different mechanisms exist to reduce discretionary power.

Keywords: Private Sector; Direct Democracy; Discretionary Power; Capital Flight; Credibility Effect (search for similar items in EconPapers)
Date: 1995
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24049-4_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349240494

DOI: 10.1007/978-1-349-24049-4_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().