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Institutions and Economic Development : Growth and Governance in Less-Developed and Post-Socialist Countries - Christopher K. Clague

Institutions and Economic Development

Growth and Governance in Less-Developed and Post-Socialist Countries

By: Christopher K. Clague (Editor)

Paperback Published: 29th May 1997
ISBN: 9780801854934
Number Of Pages: 408
For Ages: 22+ years old

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The puzzles of economic development and post-communist transitions, according to Christopher Clague and his colleagues, can be illuminated by a serious economic analysis of institutions. Economic performance is strongly dependent on the economic policies selected and on the manner in which these policies are implemented by government agencies. Performance is also affected by property rights and contract enforcement mechanisms in the business community and by patterns of participation in community organizations. These and other institutional arrangements are analyzed in this book under the rubric of the New Institutional Economics. Christopher Clague brings together a distinguished group of economists and political scientists to address the determinants and consequences of international differences in economic and political institutions.

After reviewing the intellectual landscape of the New Institutional Economics and other contributions, the authors present new evidence that international differences in property rights and contract enforcement help to explain differences in income, investment, and growth. Additional topics include the effects of democratic political institutions on economic performance, the determinants of success or failure in community organization, the institutional challenges facing formerly communist societies, and the use of the economics of information to improve government administrative performance. The book will be of interest to both scholars and development practitioners.

Contributors include economists Christopher Clague, Robert Klitgaard, Peter Murrell, Mancur Olson, Vernon Ruttan, and Vito Tanzi, and political scientists Stephan Haggard, Margaret Levi, and Elinor Ostrom.

Introductionp. 1
The New Institutional Economics and Economic Developmentp. 13
The New Institutional Economics: The Collective Choice Approach to Economic Developmentp. 37
Institutions and Economic Performance: Property Rights and Contract Enforcementp. 67
Democracy, Autocracy, and the Institutions Supportive of Economic Growthp. 91
Democratic Institutions, Economic Policy, and Developmentp. 121
Investing in Capital, Institutions, and Incentivesp. 153
Social Capital and Technical Change: The Groupements Naam of Burkina Fasop. 182
Focus on People's Participation: Evidence from 121 Rural Water Projectsp. 201
Participation and Developmentp. 217
Missed Policy Opportunities during Mongolian Privatization: Should Aid Target Policy Research Institutions?p. 235
Implementing Legal Reform in Transition Economiesp. 251
The Reform of Tax Administrationp. 273
Information and Incentives in Institutional Reformp. 293
Rational Compliance with Rationalized Bureaucracyp. 316
Putting Institutional Economics to Work: From Participation to Governancep. 343
The New Institutional Economics and Institutional Reformp. 368
Contributorsp. 381
Indexp. 383
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780801854934
ISBN-10: 0801854938
Series: Johns Hopkins Studies in Development
Audience: Professional
For Ages: 22+ years old
Format: Paperback
Language: English
Number Of Pages: 408
Published: 29th May 1997
Country of Publication: US
Dimensions (cm): 22.81 x 15.47  x 2.64
Weight (kg): 0.6