Read my lips: The role of information transmission in multilateral reform design

A-Tier
Journal: Journal of International Economics
Year: 2011
Volume: 84
Issue: 1
Pages: 86-98

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Context-specific knowledge is crucial to crafting multilateral reform programs. Nonetheless local knowledge often consists of unverifiable information, thus the quality of countries' reports depends on the conflict of interests faced by the recipient and the multilateral. We compare the performance of a "delegation-scheme" against a "centralization-scheme." We find that recipients' discretion in the choice of reforms (delegation) should only be increased when the countries' local knowledge is strictly more important than the multilateral's information. Conversely, a reduction in the conflict of interests may lead the multilateral in to allowing the recipient less freedom in designing reforms (centralization). Our empirical results support these theoretical predictions.

Technical Details

RePEc Handle
repec:eee:inecon:v:84:y:2011:i:1:p:86-98
Journal Field
International
Author Count
3
Added to Database
2026-01-25