By Hugo A. Keuzenkamp (auth.), Johan J. Graafland, Arie P. Ros (eds.)
In the Netherlands, the election programmes of the political events are assessed for his or her fiscal influence via an autonomous financial bureau. the results of this research is released ahead of the elections happen. during this method, the voter could be protected from political events that attempt to win the elections by way of making renowned yet unfounded monetary promises.
Economic evaluate of Election Programmes comprises contributions of numerous uncommon economists and philosophers who examine the profits of this approach to society. Does the research by way of the Netherlands' Bureau for financial coverage research (CPB) elevate the democratic caliber of the elections? do we rather be convinced within the instruments of economics? The final component of this quantity states the opinion of representatives of the political events. This half additionally clarifies why political events voluntarily perform this strategy and the way they understand the position department among the political social gathering and CPB.
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Extra info for Economic Assessment of Election Programmes: Does it make sense?
However, the estimated effects of policy pro posals are probably more reliable than the regular economic forecasts. The wide uncertainty margins surrounding the forecasts are to a large extent determined by uncertainties surrounding international developments. The policy effects are not, or only marginally dependent on international economic conditions. Even so, the results of the effect analysis should be treated as broad brush, and no great significance should be attached to small differences between parties.
Hence, the requests from the parties to perform an economic analysis of their policy programmes call on CPB's core business. Also, in the Netherlands CPB is probably the only institute that is well-equipped to perform this type of analysis. It has a good knowledge of the government budget system, it maintains a number of econometric models of the Dutch economy and it has a long experience in analysing the economic effects of policy proposals. Would it be a good idea to have other economic research institutes performing a similar analysis?
In this chapter I will consider the CPB assessment mainly from the latter perspective, although I will not try to conduct a formal cost-benefit analysis. All-in-all it seems to me that this exercise adds enough value to the process of policy making as to be regarded as valuable. Yet it does not serve the most obvious purpose, namely that it helps the citizens of the Netherlands to decide about their votes. The remainder of this chapter is organized as folIows. The next section pictures the background of this unique exercise in the Netherlands and sketches the dilemma that conducting such an exercise poses to an independent govemment agency.