Understanding market failure in the developing country context

Emerson Jackson and Mohamed Jabbie ()

MPRA Paper from University Library of Munich, Germany

Abstract: Market failure makes it difficult to achieve the condition of economic efficiency by distorting price mechanisms and normal distribution of goods and services thereby, leading to welfare loss. They are entrenched in the socio-economic fabrics of most developing countries, underpinned by the lack of well-functioning market structures and economic systems – which are supposed to make the market economy resilient to such economic shortcomings.

Keywords: Market Failure; Developing Countries (search for similar items in EconPapers)
JEL-codes: H0 H44 (search for similar items in EconPapers)
Date: 2019-04-29, Revised 2019-02-07
New Economics Papers: this item is included in nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Published in Springer Nature (2019): pp. 1-12

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/94577/1/MPRA_paper_94577.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:94577

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().