There is increasing recognition that performance evaluation of national as well as foreign public economic development programs should emphasize on their implementation rather than focus solely on their outcomes. This paper presents a framework for comparing the delivery or administrative...

Previous scholarship has shown that Tax and Expenditure Limits (TELs) often fail to constrain government growth. This paper views the implementation of TELs as a principal-agent problem. Agency theory predicts that delegation is affected by the preferences of agents and the costs of monitoring...

This paper examines micro-processes of institutionalization, using the case of stewardship contracting within the US Forest Service. Our basic premise is that, until a new policy becomes an everyday practice among local actors, it will not become institutionalized at the macro-scale. We find...

Urbanization-led development brings not just demographic, technological, and economic change, but profound institutional transition, as well. The scale and pace of China’s urbanization project have generated a crisis for millions living in rural–urban peripheries. We will utilize a model of...

This paper examines the degree of fragmentation in the Euro overnight unsecured money market during the period June 2008–August 2013 using interbank loans constructed from payments data. After controlling for cross-country differences in bank risk, we document several episodes of significant...

In 1998, the South African government developed an energy policy that focused on a pro-poor agenda. Its objectives included addressing the health impacts of solid fuel use in households. Fourteen years later, and with household electrification at over 80%, millions still use solid fuels and yet...