Poliyc Persistence

摘要

Conventional wisdom in political economy warsn that once an economic policy is intro- orginal rationale is no longer applicable or has been proven invalid, a policy will prove hard to remove. Empirical support of this position abounds. In both developed and developing countries, many policies appear remarkably re- silient. In the United States, farm programs de- signed to provide support for impoverished farmers remain long after their beneficiaries have become far wealthier than the taxpayers who support them (Gordon C. Rausser, 1992).