Development Programs: On the Methodology of Formation

V. Tambovtsev

Voprosy Ekonomiki, 2007, issue 12

Abstract: The notion of development program is defined as the unity of investment and institutional-change components. Basing on the principles of institutional design the bargaining process for development programs formation is grounded, with influential stakeholders as parties of this bargain. The typology of compensations is introduced, and a generalized criterion of Caldor-Hicks is proposed for estimation of development programs efficacy. The illustrations from recent Russian practice are presented.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2007:id:1684

DOI: 10.32609/0042-8736-2007-12-96-110

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