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Economic Development as Coordination Problems

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  • Kiminiori Matsuyama

Abstract

The economics of coordination failures is widely interpreted, both by its advocates and by its critics alike, as a call for more active government interventions in economic development. The goal of this paper is to explain that, contrary to the common perception, the logic of coordination failures does not justify policy activism, any greater role of the government in coordination.

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File URL: http://www.kellogg.northwestern.edu/research/math/papers/1123.pdf
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Bibliographic Info

Paper provided by Northwestern University, Center for Mathematical Studies in Economics and Management Science in its series Discussion Papers with number 1123.

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Date of creation: Apr 1995
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Handle: RePEc:nwu:cmsems:1123

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Postal: Center for Mathematical Studies in Economics and Management Science, Northwestern University, 580 Jacobs Center, 2001 Sheridan Road, Evanston, IL 60208-2014
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Web page: http://www.kellogg.northwestern.edu/research/math/
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Cited by:
  1. Garofalo, M.R. & Marra, M, 2007. "Work-Life Reconciliation Policies From Well-Being To Development: Rethinking EU Gender Mainstreaming," MPRA Paper 9598, University Library of Munich, Germany.
  2. Boyan Jovanovic, 1995. "Learning and Growth," NBER Working Papers 5383, National Bureau of Economic Research, Inc.
  3. Glavan, Bogdan, 2007. "Coordination Failures, Poverty Traps, "Big Push" Policy and Entrepreneurship: A Critical View," MPRA Paper 5757, University Library of Munich, Germany.
  4. Scott E. Page, 1998. "Uncertainty, Difficulty, and Complexity," Research in Economics 98-08-076e, Santa Fe Institute.
  5. Alberto Chilosi, 2003. "Coordination, Cooperation, And The Extended Coasean Approach To Economic Policy," Public Economics 0306003, EconWPA, revised 09 Sep 2003.
  6. Jerker Denrell & Christina Fang & Sidney Winter, 2003. "The Economics of Strategic Opportunity," LEM Papers Series 2003/10, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.

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