Coordination risk and cost impacts on economic development in poor rural areas
This paper addresses issues relevant to a critical problem in economic development: how to get rapid pro-poor economic growth in poor rural areas in Africa and South Asia where most of the world’s dollar a day poor live. It examines constraints to the development of coordinated exchange systems in poor rural areas, focusing on the core problem of thin markets and low density of economic activity in these areas. Transaction cost and risk analysis is integrated into a conventional neoclassical production economics framework to describe the existence of low level equilibrium traps in transactions and supply chains and to generate important insights for development policy.
|Date of creation:||Jul 2007|
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- Jonathan Kydd & Andrew Dorward, 2004.
"Implications of market and coordination failures for rural development in least developed countries,"
Journal of International Development,
John Wiley & Sons, Ltd., vol. 16(7), pages 951-970.
- Jonathan Kydd & Andrew Dorward, 2006. "Implications of Market and Coordination Failures for Rural Development in Least Developed Countries," Working Papers id:762, eSocialSciences.
- Kherallah, Mylène & Delgado, Christopher L. & Gabre-Madhin, Eleni Z. & Minot, Nicholas & Johnson, Michael, 2002. "Reforming agricultural markets in Africa," Food policy statements 38, International Food Policy Research Institute (IFPRI).
- Dorward, Andrew & Kydd, Jonathan & Morrison, Jamie & Urey, Ian, 2002.
"A Policy Agenda For Pro Poor Agricultural Growth,"
ADU Working Papers
10923, Imperial College at Wye, Department of Agricultural Sciences.
- Bezemer, Dirk J & Headey, Derek, 2007.
"Agriculture, Development and Urban Bias,"
7026, University Library of Munich, Germany.
- Colin Poulton & Andrew Dorward & Jonathan Kydd, 1998. "The revival of smallholder cash crops in Africa: public and private roles in the provision of finance," Journal of International Development, John Wiley & Sons, Ltd., vol. 10(1), pages 85-103.
- Poulton, Colin & Dorward, Andrew & Kydd, Jonathan, 2010. "The Future of Small Farms: New Directions for Services, Institutions, and Intermediation," World Development, Elsevier, vol. 38(10), pages 1413-1428, October.
- Kherallah, Mylène & Delgado, Christopher L. & Gabre-Madhin, Eleni Z. & Minot, Nicholas & Johnson, Michael, 2000.
"The road half traveled,"
2, International Food Policy Research Institute (IFPRI).
- Poulton, Colin & Gibbon, Peter & Hanyani-Mlambo, Benjamine & Kydd, Jonathan & Maro, Wilbald & Larsen, Marianne Nylandsted & Osorio, Afonso & Tschirley, David & Zulu, Ballard, 2004. "Competition and Coordination in Liberalized African Cotton Market Systems," World Development, Elsevier, vol. 32(3), pages 519-536, March.
- Andrew Dorward, 2001. "The Effects of Transaction Costs, Power and Risk on Contractual Arrangements: A Conceptual Framework for Quantitative Analysis," Journal of Agricultural Economics, Wiley Blackwell, vol. 52(2), pages 59-73.
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