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The New Institutional Economics: Applications For Agricultural Policy Research In Developing Countries

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  • Kherallah, Mylene
  • Kirsten, Johann F

Abstract

This paper summarizes the potential contributions of the new institutional economics to agricultural policy research, with particular emphasis to developing countries. The paper starts by providing an overview of the new institutional economics and its several branches of thought. It then describes the future challenges facing world agriculture and shows the potential applications of new institutional and transaction costs economics to agricultural policy analysis in this new world environment. The paper concludes by providing specific agricultural market research issues that can be analysed using the new institutional economics. As a dynamic school of thought, the new institutional economics offers exciting opportunities to answer some of the economic problems that neo-classical economics has found difficult to address.

Suggested Citation

  • Kherallah, Mylene & Kirsten, Johann F, 2002. "The New Institutional Economics: Applications For Agricultural Policy Research In Developing Countries," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 41(2), June.
  • Handle: RePEc:ags:agreko:245988
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    Citations

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    Cited by:

    1. Magingxa, Litha Light & Kamara, Abdul B., 2003. "Institutional Perspectives Of Enhancing Smallholder Market Access In South Africa," 2003 Annual Conference, October 2-3, 2003, Pretoria, South Africa 19077, Agricultural Economic Association of South Africa (AEASA).
    2. Songsermsawas, Tisorn & Baylis, Kathy & Chhatre, Ashwini & Michelson, Hope & Prasanna, Satya, 2015. "Friends or traders? Do social networks explain the use of market mechanisms by farmers in India," 2015 Conference, August 9-14, 2015, Milan, Italy 211206, International Association of Agricultural Economists.
    3. Spielman, David J. & Kolady, Deepthi E. & Cavalieri, Anthony & Rao, N. Chandrasekhara, 2014. "The seed and agricultural biotechnology industries in India: An analysis of industry structure, competition, and policy options," Food Policy, Elsevier, vol. 45(C), pages 88-100.
    4. Kirsten, J, 2002. "Forty Years Of Agricultural Economics Scholarship And Practice In South Africa: A Time To Challenge The Consensus And Refocus Our Intellectual Work," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 41(4), December.
    5. Markus F. Hofreither, 2016. "Dimensionen agrarpolitischer Legitimität," Working Papers 602016, Institute for Sustainable Economic Development, Department of Economics and Social Sciences, University of Natural Resources and Life Sciences, Vienna.
    6. Jordaan, Henry & Grove, Bennie, 2010. "Analysis of the Governance Structure used by Eksteenskull Raisin Producers: Is there a need for more Vertical Coordination?," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa 96645, African Association of Agricultural Economists (AAAE);Agricultural Economics Association of South Africa (AEASA).
    7. Rupak Goswami & Soumitra Chatterjee & Binoy Prasad, 2014. "Farm types and their economic characterization in complex agro-ecosystems for informed extension intervention: study from coastal West Bengal, India," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 2(1), pages 1-24, December.
    8. Chibanda, M. & Ortmann, Gerald F. & Lyne, Michael C., 2009. "Institutional and governance factors influencing the performance of selected smallholder agricultural cooperatives in KwaZulu-Natal," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 48(3), September.
    9. Roberto Dell’Anno, 2010. "Institutions and human development in the Latin American informal economy," Constitutional Political Economy, Springer, vol. 21(3), pages 207-230, September.
    10. Nicolas Faysse, 2005. "Coping With The Tragedy Of The Commons: Game Structure And Design Of Rules," Post-Print cirad-01002167, HAL.
    11. Leonard, David K. & Bloom, Gerald & Hanson, Kara & O’Farrell, Juan & Spicer, Neil, 2013. "Institutional Solutions to the Asymmetric Information Problem in Health and Development Services for the Poor," World Development, Elsevier, vol. 48(C), pages 71-87.
    12. Husmann, Christine, 0. "Transaction Costs on the Ethiopian Formal Seed Market and Innovations for Encouraging Private Sector Investments," Quarterly Journal of International Agriculture, Humboldt-Universität zu Berlin, vol. 54.
    13. Gelaw, Fekadu & Speelman, Stijn & Van Huylenbroeck, Guido, 2016. "Farmers’ marketing preferences in local coffee markets: Evidence from a choice experiment in Ethiopia," Food Policy, Elsevier, vol. 61(C), pages 92-102.
    14. Kirsten, Johann F., 2004. "Expanding the Frontiers of Agricultural Economics to Meet the Future Challenges of Agricultural Development," 2004 Inaugural Symposium, December 6-8, 2004, Nairobi, Kenya 9519, African Association of Agricultural Economists (AAAE).

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