IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpeh/9411002.html
   My bibliography  Save this paper

Privatization, Incentives And Economic Performance

Author

Listed:
  • Douglass C. North

    (Washington University)

Abstract

In this essay I argue that it is the way institutions evolve that shapes long run economic performance. By institutions I mean formal rules--political and economic-- and informal constraints--such as conventions and norms of behavior as well as the characteristics of enforcement of both. To be successful, privatization must take into account this larger framework of institutions. In subsequent sections I examine 1. The efficiency characteristics of long run economic growth; 2.the nature of institutions; 3. the character of institutional change; 4. the institutional requirements of modern economies; 5 the complex problems of establishing efficient markets; and finally 6. the critical assumptions in neo-classical theory that are at issue.

Suggested Citation

  • Douglass C. North, 1994. "Privatization, Incentives And Economic Performance," Economic History 9411002, EconWPA.
  • Handle: RePEc:wpa:wuwpeh:9411002
    Note: about 13 pages ascii text, PostScript file also available
    as

    Download full text from publisher

    File URL: http://econwpa.repec.org/eps/eh/papers/9411/9411002.pdf
    Download Restriction: no

    File URL: http://econwpa.repec.org/eps/eh/papers/9411/9411002.ps.gz
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jaime Lozano, 1999. "Economía institucional y ciencia económica," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 1(1), pages 99-128, July-dece.

    More about this item

    JEL classification:

    • N - Economic History

    Statistics

    Access and download statistics

    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:wpa:wuwpeh:9411002. 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: (EconWPA). General contact details of provider: http://econwpa.repec.org .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.