Coordination risk and cost impacts on economic development in poor rural areas
Andrew Dorward (),
Colin Poulton and
Dirk Bezemer ()
MPRA Paper from University Library of Munich, Germany
This paper addresses issues relevant to a critical problem in economic development: how to get rapid pro-poor economic growth in poor rural areas in Africa and South Asia where most of the world’s dollar a day poor live. It examines constraints to the development of coordinated exchange systems in poor rural areas, focusing on the core problem of thin markets and low density of economic activity in these areas. Transaction cost and risk analysis is integrated into a conventional neoclassical production economics framework to describe the existence of low level equilibrium traps in transactions and supply chains and to generate important insights for development policy.
Keywords: Development; agriculture; market liberalization; coordination problem (search for similar items in EconPapers)
JEL-codes: O13 Q12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-dev
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https://mpra.ub.uni-muenchen.de/7028/1/MPRA_paper_7028.pdf original version (application/pdf)
Journal Article: Coordination Risk and Cost Impacts on Economic Development in Poor Rural Areas (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:7028
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