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Explaining Institutional Change

Policy Areas, Outside Options, and the Bretton Woods Institutions

Datos Bibliográficos

ID6231968
AutoresPhillip Y Lipscy (0000-0001-6858-5453, Stanford University, autor de correspondencia)
Año2015
Volumen59
Número2
Páginas341-356
Fecha de publicación2015-02-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaAmerican Journal of Political Science (JOURNAL)
Identificadores de la revistaISSN: 0092-5853 • E-ISSN: 1540-5907
EditorialWiley (PUBLISHER • GB)
DOI10.1111/ajps.12130
OpenAlexW1837697022
IdiomaEN
Citas recibidas42
Referencias citadas111

I propose and test a theoretical framework that explains institutional change in international relations. Like firms in markets, international institutions are affected by the underlying characteristics of their policy areas. Some policy areas are prone to produce institutions facing relatively little competition, limiting the outside options of member states and impeding redistributive change. In comparison, institutions facing severe competition will quickly reflect changes in underlying state interests and power. To test the theory empirically, I exploit common features of the Bretton Woods institutions—the International Monetary Fund and World Bank—to isolate the effect of variation in policy area characteristics. The empirical tests show that, despite having identical membership and internal rules, bargaining outcomes in the Bretton Woods institutions have diverged sharply and in accordance with the theory

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