The Nature of Institutional Impediments to Economic Development

Pranab Bardhan

No 233429, Center for International and Development Economics Research (CIDER) Working Papers from University of California-Berkeley, Department of Economics

Abstract: In the literature on the new institutional economics it is now standard to refer to the deficiencies of the legal and contractual systems and of the regulatory state as blocking economic progress. In understanding the history of underdevelopment of countries like India one, however, needs to go beyond these obviously important issues and focus upon institutional impediments that are outcomes of distributive conflicts and the collective action problems they exacerbate. These collective action problems arise both at the level of the state (inefficient interventionism may only be a symptom of those underlying problems) and at the level of the local community.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 39
Date: 1996-03
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Citations: View citations in EconPapers (11)

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Related works:
Working Paper: The Nature of Institutional Impediments to Economic Development (1996)
Working Paper: The Nature of Institutional Impediments to Economic Development (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbewp:233429

DOI: 10.22004/ag.econ.233429

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