IDEAS home Printed from https://ideas.repec.org/a/eut/journl/v16y2011i1p135.html
   My bibliography  Save this article

Government and the Economic Evolutions

Author

Listed:
  • Sadegh Bafandeh Imandoust

    (Assistant Professor Economic Department, Payame Noor University, Iran)

  • Abdolali Monsef

    (Assistant Professor Economic Department, Payame Noor University, Iran)

Abstract

In this paper we try to investigate relationship between government and economic evolution. In order to accept that the efficiency and inefficiency of a market depends on capabilities of the governments in reducing the transactional costs, guaranteeing the property rights, and removing the traditional market failures. Regarding the new institutional approach it is assumed that the persons (private or public agents) seek their maximum benefits in accordance with the limitations and obligations exacted by that institutional structure. Concerning this assumption we may find out that the market of these services will go to its best status. Moreover, in case that the limitations and obligations enacted by those institution can regulate the behavior of the public agents in a manner that they could seek their maximum benefits in producing these services. These institutions are the rules arising from social culture (convention), formal regulations (such as constitution), and parties. Therefore, the history of economic evolution has had a tied with the historical evolution of these institutions.

Suggested Citation

  • Sadegh Bafandeh Imandoust & Abdolali Monsef, 2011. "Government and the Economic Evolutions," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 16(1), pages 135-150, winter.
  • Handle: RePEc:eut:journl:v:16:y:2011:i:1:p:135
    as

    Download full text from publisher

    File URL: ftp://80.66.179.253/eut/journl/20111-8.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    2. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Thomas Doleys, 2009. "Incomplete Contracting, Commission Discretion and the Origins of EU Merger Control," Journal of Common Market Studies, Wiley Blackwell, vol. 47, pages 483-506, June.
    2. Alley Ibrahim S. & Adebayo Abimbola L. & Oligbi Blessing O., 2016. "Corporate Governance and Financial Performance Nexus: Any Bidirectional Causality?," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 50(1), pages 82-99, June.
    3. Amar Gande & Kose John & Vinay B. Nair & Lemma W. Senbet, 2020. "Taxes, institutions, and innovation: Theory and international evidence," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(9), pages 1413-1442, December.
    4. Kenneth Ayotte & Patrick Bolton, 2011. "Optimal Property Rights in Financial Contracting," Review of Financial Studies, Society for Financial Studies, vol. 24(10), pages 3401-3433.
    5. Iavor Marangozov, 2005. "From Practice to Theory of the International Joint Ventures," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 44-77.
    6. Sagebiel, Julian & Müller, Jakob R. & Rommel, Jens, 2013. "Are Consumers Willing to Pay More for Electricity from Cooperatives? Results from an Online Choice Experiment in Germany," MPRA Paper 52385, University Library of Munich, Germany.
    7. Olivier Meier & Aurélie Sannajust, 0. "The smart contract revolution: a solution for the holdup problem?," Small Business Economics, Springer, vol. 0, pages 1-16.
    8. Jayesh Kumar, 2003. "Ownership Structure and Corporate Firm Performance," Finance 0304004, University Library of Munich, Germany.
    9. Williamson, Oliver E., 2010. "Transaction Cost Economics: The Natural Progression," Journal of Retailing, Elsevier, vol. 86(3), pages 215-226.
    10. Art Durnev & E. Han Kim, 2005. "To Steal or Not to Steal: Firm Attributes, Legal Environment, and Valuation," Journal of Finance, American Finance Association, vol. 60(3), pages 1461-1493, June.
    11. Evans, Lewis, 1998. "The Theory and Practice of Privatisation," Working Paper Series 19035, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    12. Wang, Sen & Bogle, Tim & van Kooten, G. Cornelis, 2012. "Forestry and the New Institutional Economics," Working Papers 130818, University of Victoria, Resource Economics and Policy.
    13. Gary H. Jefferson, 1999. "Missing Market in Labor Quality: The Role of Quality Markets in Transition," William Davidson Institute Working Papers Series 260, William Davidson Institute at the University of Michigan.
    14. Ng, Desmond W. & Salin, Victoria, 2012. "An Institutional Approach to the Examination of Food Safety," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 15(2), pages 1-26, May.
    15. Jankovic Ivan & Block Walter, 2019. "Private Property Rights, Government Interventionism and Welfare Economics," Review of Economic Perspectives, Sciendo, vol. 19(4), pages 365-397, December.
    16. Sybille Sachs & Edwin Rühli & Claude Meier, 2010. "Stakeholder Governance as a Response to Wicked Issues," Journal of Business Ethics, Springer, vol. 96(1), pages 57-64, August.
    17. repec:vuw:vuwscr:19035 is not listed on IDEAS
    18. Diamandescu Andrei & Grigore Maria Zenovia, 2009. "From Contractual Approach Of Firm To Theories Of Knowledge," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 2(1), pages 295-301, May.
    19. Dietrich, Diemo & Jindra, Björn, 2010. "Corporate governance in the multinational enterprise: A financial contracting perspective," International Business Review, Elsevier, vol. 19(5), pages 446-456, October.
    20. James J. Chrisman & Kristen Madison & Taewoo Kim, 2021. "A Dynamic Framework of Noneconomic Goals and Inter-Family Agency Complexities in Multi-Family Firms," Entrepreneurship Theory and Practice, , vol. 45(4), pages 906-930, July.
    21. Hanna Almlöf & Per-Olof Bjuggren, 2019. "A regulation and transaction cost perspective on the design of corporate law," European Journal of Law and Economics, Springer, vol. 47(3), pages 407-433, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eut:journl:v:16:y:2011:i:1:p:135. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: [z.rahimalipour] (email available below). General contact details of provider: https://edirc.repec.org/data/fecutir.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.