Information and Transaction Costs as the Determinants of Tolerable Growth Levels
This paper develops a theory to explain growth in developed and undeveloped countries. Where transaction and information costs are low, people more easily perceive and oppose activities conducive to deadweight losses. The opposite holds where information and transaction costs are high, because it will be too costly for relatively weak groups to check the rent-seeking proclivities of the dominant interest groups. And, by definition, high transaction and information costs make it hard to displace incumbent leaders who produce poor growth. The levels of information and transaction costs in different countries will determine how much growth we can expect.
Volume (Year): 155 (1999)
Issue (Month): 4 (December)
|Contact details of provider:|| Web page: http://www.mohr.de/jite|
|Order Information:|| Postal: Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany|
When requesting a correction, please mention this item's handle: RePEc:mhr:jinste:urn:sici:0932-4569(199912)155:4_617:iatcat_2.0.tx_2-2. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Wolpert)
If references are entirely missing, you can add them using this form.