Institutions, Markets and Economic Co-ordination: Linking Development Policy to Theory and Praxis
This article explores policy applications of ‘new institutional economics’ theory in relation to markets and economic development. It argues for application of an analytical framework which instead of looking at institutions primarily in terms of their contributions to making competitive markets wor...
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| Veröffentlicht in: | Development and change 2005-01, Vol.36 (1), p.1-25 |
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| container_end_page | 25 |
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| container_title | Development and change |
| container_volume | 36 |
| creator | Dorward, Andrew Kydd, Jonathan Morrison, Jamie Poulton, Colin |
| description | This article explores policy applications of ‘new institutional economics’ theory in relation to markets and economic development. It argues for application of an analytical framework which instead of looking at institutions primarily in terms of their contributions to making competitive markets work better, sees such markets as one form of institution fulfilling exchange and co‐ordination functions in an economy. A key element in this is recognition of the importance of processes of change in non‐standard market arrangements in economic development, and there are strong theoretical, practical and historical grounds for more consistent policy in this area. |
| doi_str_mv | 10.1111/j.0012-155X.2005.00400.x |
| format | Article |
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| ispartof | Development and change, 2005-01, Vol.36 (1), p.1-25 |
| issn | 0012-155X 1467-7660 |
| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete; Business Source Complete; Sociological Abstracts; Political Science Complete (EBSCOhost) |
| subjects | Development policy Development studies Development theory Economic Development Economic Policy Economic Theories Economics Institutions Market Markets |
| title | Institutions, Markets and Economic Co-ordination: Linking Development Policy to Theory and Praxis |
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