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General failure to understand this link is a potential source of policy inefficiency, reducing the effectiveness of those public programmes that employ incentives.
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Yet at the same time it also reduces the re-election probability of an incumbent and since some of the policy inefficiencies are concentrated in the future, this makes inefficient policy less costly.
Policy entrepreneurs are sensitive to policy inefficiencies and policy problems.
Start-ups and SMEs are typically more dependent than large companies on their business ecosystem and, due to their internal constraints, are more vulnerable to market failures, policy inefficiencies and inconsistencies.
Although the EITC's ambiguity of purpose may yield policy inefficiencies, this Note argues that it also produces significant political benefits that would-be reformers who value the EITC's many societal benefits should take into account before they attempt to enact any major overhaul.
Path dependency takes a historical approach to explaining why individuals within institutions often fail to engage in more efficient reform processes, even when they are aware of their institutional and/or policy inefficiencies (ibid).
"The report represents a mix of the policy paralysis, inefficiency being used for a corrupt and collateral motive," the opposition Bharatiya Janata Party said in a statement.
A prominent Venezuelan economist, Orlando Ochoa, blamed Chávez's policies and the inefficiency of his government for many of these problems.
More often than not, this kind of industrial policy wastes money, fosters inefficiency and creates few permanent jobs.
I think now more policy leaders understand the inefficiency of that, the lack of productivity associated with that for the nation as a whole and the inequity associated with that from a societal standpoint.
The possible reason for intra study and the inter study PR difference may be due to the policy and the pricing inefficiency [ 23].
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