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Mechanisms Of Governance Of Sustainble Development

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  • Hrabrin Bachev

Abstract

In this paper we incorporate the interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law, Sociology, Behavioural and Political Sciences), and suggest a framework for analyzing the mechanisms of governance of sustainable development. Our new approach takes into account the role of specific institutional environment; and the behavioural characteristics of individual agents (personal preferences, bounded rationality, tendency for opportunism, trust, risk aversion); and the transaction costs associated with the various forms of governance; and the critical factors of economic activity and exchanges (such as appropriability, frequency, uncertainty, and asset specificity of transactions); and the comparative efficiency of market, private, public and hybrid modes; and the potential of production structures for adaptation; and the comparative efficiency of alternative modes for public intervention. Agricultural sector is used to illustrate that new approach and support with examples.

Suggested Citation

  • Hrabrin Bachev, 2009. "Mechanisms Of Governance Of Sustainble Development," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 4(2(8)_ Sum).
    • Handle: RePEc:ush:jaessh:v:4:y:2009:i:2(8)_summer2009:58
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    References listed on IDEAS

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    4. Hrabrin Bachev, 2005. "Framework For Assessing Sustainability Of Farms," Microeconomics 0511003, University Library of Munich, Germany.
    5. Bachev, Hrabrin, 2008. "Governing of agrarian sustainability," MPRA Paper 7772, University Library of Munich, Germany.
    6. Hrabrin Bachev, 2005. "Efficiecy Of Agrarian Organisations," Microeconomics 0511002, University Library of Munich, Germany.
    7. Bachev, Hrabrin, 2008. "Governance of Bulgarian Farming," MPRA Paper 7818, University Library of Munich, Germany.
    8. Demsetz, Harold, 1969. "Information and Efficiency: Another Viewpoint," Journal of Law and Economics, University of Chicago Press, vol. 12(1), pages 1-22, April.
    9. Bachev, Hrabrin Ianouchev & Nanseki, T., 2008. "Risk Governance in Bulgarian Dairy Farming," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44136, European Association of Agricultural Economists.
    10. William M. Dugger, 1996. "The Mechanisms of Governance," Journal of Economic Issues, Taylor & Francis Journals, vol. 30(4), pages 1212-1216, December.
    11. Sauvenier, Xavier & Valckx, Jan & Van Cauwenbergh, Nora & Wauters, Erwin & Bachev, Hrabrin & Biala, K. & Bielders, Charles & Brouckaert, Veronique & Garcia-Cidad, V. & Goyens, S. & Hermy, Martin & Mat, 2005. "Framework for assessing sustainability levels in Belgium agricultural systems - SAFE," MPRA Paper 99616, University Library of Munich, Germany.
    12. Allan P. O. Williams, 2006. "Impact of Strategies," Palgrave Macmillan Books, in: The Rise of Cass Business School, chapter 13, pages 167-181, Palgrave Macmillan.
    13. Bachev, Hrabrin, 2008. "Environmental management in Bulgarian agriculture," MPRA Paper 7769, University Library of Munich, Germany.
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    Cited by:

    1. Bachev, Hrabrin & Ivanov, Bozhidar, 2021. "Подход За Оценка На Ефектите, Ефективността И Факторите На Оползотворяване На Утайки В Селското Стопанство На България [A framework for assessing the effects, efficiency, and factors of sludge util," MPRA Paper 109723, University Library of Munich, Germany.
    2. Hrabrin Bachev, 2009. "Understanding Efficiency of Agrarian Organisation," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(1), pages 27-42.
    3. Hrabrin I. BACHEV, 2016. "Unpacking Agrarian and Agri-business Contracts," Journal of Economics Library, KSP Journals, vol. 3(3), pages 524-547, September.
    4. Georgiana SUSMANSCHI, 2012. "The Risk And Fraud Factors In The Contemporary Financial Banking System," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 7(2(20)/ Su), pages 189-193.
    5. Hrabrin Ianouchev BACHEV, 2016. "A Holistic Approach for Assessing the System of Governance of Agrarian Sustainability," Journal of Economic and Social Thought, KSP Journals, vol. 3(3), pages 434-457, September.
    6. Bachev, Hrabrin, 2022. "Как Да Оценим Управленческата Ефективност На Българските Земеделски Стопанства [How to assess the governance efficiency of Bulgarian agricultural farms]," MPRA Paper 113590, University Library of Munich, Germany.
    7. Bachev, Hrabrin & Ivanov, Bodjidar & Toteva, Desislava & Sokolova, Emilia, 2017. "Framework for analyzing and assessing the system of governance and the level of agrarian sustainability in Bulgaria and China," MPRA Paper 78248, University Library of Munich, Germany.
    8. Bachev, Hrabrin, 2010. "Management of farm contracts and competitiveness," MPRA Paper 99854, University Library of Munich, Germany.
    9. Bachev, Hrabrin, 2021. "A study on type, volume and governance of ecosystem services in Bulgarian farms," MPRA Paper 110966, University Library of Munich, Germany.
    10. Hrabrin Bashev, 2016. "Defining and Assessment of Sustainability of Farms," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 158-188.
    11. Bachev, Hrabrin, 2022. "Unpacking the governance of agro-ecosystem services – the case of Bulgaria," MPRA Paper 111693, University Library of Munich, Germany.
    12. Bachev, Hrabrin, 2022. "Governance of agricultural knowledge and innovation system (AKIS) in Bulgaria," MPRA Paper 112253, University Library of Munich, Germany.
    13. Bachev, Hrabrin, 2022. "Управленчески Форми За Снабдяване На Агро-Екосистемни Услуги От Земеделските Стопанства В България [Governance modes for the supply of agro-ecosystem services by agricultural farms in Bulgaria]," MPRA Paper 112847, University Library of Munich, Germany.
    14. Bachev, Hrabrin, 2021. "A study on impacts of the institutional environment and climate change on sustainability of agriculture – the case of Bulgaria," MPRA Paper 110262, University Library of Munich, Germany.
    15. Hrabrin Bachev, 2011. "Needs, Modes and Efficiency of Economic Organizations and Public Interventions in Agriculture," Review of Economics & Finance, Better Advances Press, Canada, vol. 1, pages 89-103, June.
    16. Bachev, Hrabrin & Koteva, Nina & Ivanov, Bojidar & Mitova, Dilyana & Boevski, Ivan & Terziev, Dimitar & Dimova, Nadejda & Dimitrova, Reneta & Marinov, Petar & Zvyatkova, Daniela & Sarov, Angel & Koste, 2021. "Холистичен Подход За Дефиниране, Оценяване И Подобряване На Конкурентоспособността На Земеделските Стопанства В България [A holistic framework for defining, evaluating, and improving the competitiv," MPRA Paper 111498, University Library of Munich, Germany.
    17. Bachev, Hrabrin & Ivanov, Bojidar, 2021. "Оползотворяване На Утайки В Селското Стопанство На България [Utilization of sludge in Bulgarian agriculture]," MPRA Paper 109606, University Library of Munich, Germany.
    18. Bachev, Hrabrin & Ivanov, Bozhidar, 2021. "Efficiency and factors for agricultural use of sludge in the circular Bulgarian economy," MPRA Paper 109783, University Library of Munich, Germany.
    19. Bachev, Hrabrin, 2022. "A framework for assessing the governance efficiency of agricultural farms," MPRA Paper 113696, University Library of Munich, Germany.
    20. Bachev, Hrabrin & Ivanov, Bojidar & Radev, Teodor & Dung, Nguen & Atanasova, Maria & Slavova, Yanka & Toteva, Dessislava, 2009. "Сравнителен Анализ На Аграрната Политика На България И Виетнам [Comparative Analysis of Agricultural Policy of Bulgaria and Vietnam]," MPRA Paper 99434, University Library of Munich, Germany.
    21. Hrabrin I. BACHEV, 2016. "About Governance and Evaluation of Sustainability of Farming Enterprise," Journal of Social and Administrative Sciences, KSP Journals, vol. 3(2), pages 161-201, June.
    22. Bachev, Hrabrin & Ivanov, Bojidar & Toteva, Dessislava & Sokolova, Emilia, 2021. "Agrarian sustainability in Bulgaria – evaluating economic, social and ecological pillars," MPRA Paper 110263, University Library of Munich, Germany.
    23. Bachev, Hrabrin, 2016. "Sustainability of Farming Enterprise – Governance and Evaluation," MPRA Paper 69734, University Library of Munich, Germany.

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    More about this item

    Keywords

    institutions; market; private; public and hybrid modes; agrarian sustainability;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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