The Role of Institutions in Reforming Subsidy System: A Review of the Experiences of Some Developing Countries (in Persian)

Eldar Sedaghat-parast ()
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Eldar Sedaghat-parast: Iran

Management and Development Process Quarterly (٠صلنامه ٠رایند مدیریت و توسعه), 2009, vol. 21, issue 4, 107-126

Abstract: In neo-classical economics analysis, domestic prices liberalization policy is administered with the aim of ameliorating economic status as well as augmenting efficiency. Yet, focusing on mere price reform using the price tool by itself has not been a success story in developing countries. This article introduces an alternative approach to economics and tries to study the subject from that point of view. The results of the study indicate that pondering on institutions as the rules of social games and temporality of institutional formation and changes bring about novel issues and solutions for policy administration.

Keywords: Subsidy; Institutional Economics; Neo-classical Economics; Country Experiences (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:auv:jijmdp:v:21:y:2009:i:4:p:107-126

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