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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.

Suggested Citation

  • Kiminiori Matsuyama, 1995. "Economic Development as Coordination Problems," Discussion Papers 1123, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    • Handle: RePEc:nwu:cmsems:1123
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    Cited by:

    1. Jerker Denrell & Christina Fang & Sidney G. Winter, 2003. "The economics of strategic opportunity," Strategic Management Journal, Wiley Blackwell, vol. 24(10), pages 977-990, October.
    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. Tor Jakob Klette & Jarle Møen, 1999. "From Growth Theory to Technology Policy - Coordination Problems in Theory and Practice," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 25, pages 53-74.
    5. Philippe Aghion & Paul A. David & Dominique Foray, 2007. "Science, Technology and Innovation for Economic Growth: Towards Linking Policy Research and Practice in 'STIG Systems'," Discussion Papers 06-039, Stanford Institute for Economic Policy Research, revised Oct 2008.
    6. Kiminori Matsuyama, 1995. "New Goods," Discussion Papers 1124, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    7. Scott E. Page, 1998. "Uncertainty, Difficulty, and Complexity," Research in Economics 98-08-076e, Santa Fe Institute.
    8. Alberto Chilosi, 2003. "Coordination, Cooperation, And The Extended Coasean Approach To Economic Policy," Public Economics 0306003, University Library of Munich, Germany, revised 09 Sep 2003.
    9. Aghion, Philippe & David, Paul A. & Foray, Dominique, 2009. "Science, technology and innovation for economic growth: Linking policy research and practice in 'STIG Systems'," Research Policy, Elsevier, vol. 38(4), pages 681-693, May.
    10. 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.

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