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Rural Development, Privatization And Public Choice: Substance Depends Upon Process

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  • Hite, James C.

Abstract

Whether or not privatization facilitates rural development depends upon what rural development means. In practice, rural development often is the result of a struggle between rent defenders and rent seekers. A positivist concept of rural development is proposed, and the institutions of public choice are examined to determine how they might influence privatization decisions. The conclusion is that whether or not privatization improves efficiency of adjustment in rural economies depends upon the specifics of political deals required to achieve a particular act of privatization.

Suggested Citation

  • Hite, James C., 1993. "Rural Development, Privatization And Public Choice: Substance Depends Upon Process," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(01), July.
  • Handle: RePEc:ags:joaaec:15204
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    File URL: http://purl.umn.edu/15204
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    References listed on IDEAS

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    1. Boardman, Anthony E & Vining, Aidan R, 1989. "Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-Owned Enterprises," Journal of Law and Economics, University of Chicago Press, vol. 32(1), pages 1-33, April.
    2. Buchanan, James M, 1987. "The Constitution of Economic Policy," American Economic Review, American Economic Association, vol. 77(3), pages 243-250, June.
    3. Wenders, John T, 1987. "On Perfect Rent Dissipation," American Economic Review, American Economic Association, vol. 77(3), pages 456-459, June.
    4. Shapiro, C. & Willing, D.R., 1990. "Economic Rationales For The Scope Of Privatization," Papers 41, Princeton, Woodrow Wilson School - Discussion Paper.
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    Cited by:

    1. Horna, J. Daniela & von Oppen, Matthias, 2006. "Supporting Agricultural Extension: Could Farmers Contribute?," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25324, International Association of Agricultural Economists.
    2. Elena G. Irwin & Andrew M. Isserman & Maureen Kilkenny & Mark D. Partridge, 2010. "A Century of Research on Rural Development and Regional Issues," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(2), pages 522-553.

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