Framework for Analising and Improvement of the Governance of Agrarian Dynamics
22 Pages Posted: 18 Dec 2009
Date Written: December 15, 2009
In this paper we incorporate interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences), and suggest a framework for analyzing and improvement of governance of socio-economics dynamic of agriculture. This new approach take into account: the role of specific institutional environment (formal and informal “rules of the game”, distribution of various rights between individuals, and systems of enforcement of rights and rules; behavioral characteristics of agents (preferences, bounded rationality, tendency for opportunism, risk aversion, trust); costs of governance and critical factors of transactions (uncertainty, frequency, asset specificity, and appropriability); comparative efficiency of market, private, public and hybrid modes of governance; efficiency of alternative modes for public intervention; complementarities between different modes; needs for multilateral and multilevel governance; technological and ecological factors.
Keywords: governance of socio-economic dynamics and sustainable development, market, private, public and hybrid modes of governance, agrarian development
JEL Classification: Q12, Q13, Q15, Q18, O11, O12, R11, L14, Q28, Q32, R38, R58, L22, K
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