The Nature of Institutional Impediments to Economic Development
AbstractIn the literature on the new institutional economics it is now standard to refer to the deficiencies of the legal and contractual systems and of the regulatory state as blocking economic progress. In understanding the history of underdevelopment of countries like India one, however needs to go beyond these obviously important issues and focus upon institutional impediments that are outcomes of distributive conflicts and the collective action problems they exacerbate. These collective action problems arise both at the level of the state (inefficient interventionism may only be a symptom of those underlying problems) and at the level of the local community.
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Bibliographic InfoPaper provided by University of California at Berkeley in its series Center for International and Development Economics Research (CIDER) Working Papers with number C96-066.
Date of creation: 01 Mar 1996
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Other versions of this item:
- Bardhan, Pranab, 1996. "The Nature of Institutional Impediments to Economic Development," Center for International and Development Economics Research, Working Paper Series qt8w12j7q1, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
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