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The Nature of Institutional Impediments to Economic Development

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  • Pranab Bardhan.

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.

Suggested Citation

  • Pranab Bardhan., 1996. "The Nature of Institutional Impediments to Economic Development," Center for International and Development Economics Research (CIDER) Working Papers C96-066, University of California at Berkeley.
    • Handle: RePEc:ucb:calbcd:c96-066
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    Cited by:

    1. Roberta Dessì & Salvatore Piccolo, 2008. "Two is Company, N is a Crowd? Merchant Guilds and Social Capital," CSEF Working Papers 202, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 12 Jul 2009.
    2. Jacinto Brito González, 2004. "Conocimiento, geografía e instituciones: Una aproximación a la problemática del crecimiento en el archipiélago canario," Documentos de trabajo conjunto ULL-ULPGC 2004-03, Facultad de Ciencias Económicas de la ULPGC.
    3. Dessi, Roberta & Ogilvie, Sheilagh, 2004. "The Political Economy of Merchant Guilds: Commitment or Collusion ?," IDEI Working Papers 278, Institut d'Économie Industrielle (IDEI), Toulouse.
    4. Dessí, Roberta & Piccolo, Salvatore, 2016. "Merchant guilds, taxation and social capital," European Economic Review, Elsevier, vol. 83(C), pages 90-110.
    5. S N Sangita & T K Jyothi, 2010. "Globalisation, Democratic Decentralisation and Social Security in India," Working Papers 243, Institute for Social and Economic Change, Bangalore.
    6. Ogilvie, Sheilagh & Carus, A.W., 2014. "Institutions and Economic Growth in Historical Perspective," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 403-513, Elsevier.
    7. Dessi, Roberta & Ogilvie, Sheilagh, 2003. "Social Capital and Collusion : The Case of Merchant Guilds," IDEI Working Papers 214, Institut d'Économie Industrielle (IDEI), Toulouse.

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    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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