Indian Journal of Industrial Relations: Economics & Social Dev.

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Governance Institutions & India’s Development


Affiliations
1 Department of Economics, Princeton University NJ 08544, India
     

   Subscribe/Renew Journal


By economic governance is meant the structure and functioning of those legal and social institutions that are essential for economic activity and economic transactions to flourish. They consist of protection of property rights, enforcement of contracts, and a variety of collective actions for provision of infrastructure and include not just the physical infrastructure of transport, communication etc. but also the organizational infrastructure by which property rights and contracts are managed. Collective action is taken by the government for provision of public goods. But collective action for economic governance is also taken via many other organizations or institutions, such as NGO's, community organizations of various kinds, and informal institutions of social networks and social norms, argues the paper.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Avinash Dixit (2003a), “Trade Expansion and Contract Enforcement,” Journal of Political Economy, 111: 1293-1317.

  • Avinash Dixit (2003b), “On Modes of Economic Governance,” Econometrica, 71: 449-481.

  • Avinash Dixit (2004), Lawlessness and Economics: Alternative Modes of Governance, Princeton University Press.

  • Alan Greenspan (2007),The Age of Turbulence, New York, Penguin Books

  • Arvind Panagariya (2008), India: The Emerging Giant, Oxford University Press,

  • Avner Greif, Paul Milgrom & Barry Weingast (1994), “Coordination, Commitment and Enforcement: The Case of the Merchant Guild.” Journal of Political Economy 102:745-776.

  • Dani Rodrik (Ed) (2003), In Search of Prosperity: Analytical Narratives on Economic Growth, Princeton University Press

  • Erica Field (2006), “Entitled to Work: Urban Tenure Security and Labour Supply in Peru.” Quarterly Journal of Economics, 122:1561-1602.

  • Roland Huntford (1979), Scott and Amundsen, London: Hodder and Stoughton.

  • Jean Strouse, Morgan (2000), American Financier, New York: HarperCollins: 398, 439.

  • Joe Nocera (2008), “How India Avoided a Crisis,” New York Times, December 20,

  • Stewart Macaulay (1963), “Non-contractual Relationships in Business: A Preliminary Study.” American Sociological Review, 28: 55-70.

  • Tom Vanderbilt (2008), Traffic: Why We Drive the Way We Do, and What it Says About Us, New York: Knopf,

  • Websites (http://www.youtube.com/ watch?v=H2JFL1Sk21Y).

  • (http://www.youtube.com/ watch?v=5WU8hilbN9Y) and (http://www.youtube.com/ watch?v=eC4BN9kInXg

  • (http://blogs.suntimes.com/sweet/2008/12/ fitzgerald_press_conference_on.html)


Abstract Views: 288

PDF Views: 0




  • Governance Institutions & India’s Development

Abstract Views: 288  |  PDF Views: 0

Authors

Avinash Dixit
Department of Economics, Princeton University NJ 08544, India

Abstract


By economic governance is meant the structure and functioning of those legal and social institutions that are essential for economic activity and economic transactions to flourish. They consist of protection of property rights, enforcement of contracts, and a variety of collective actions for provision of infrastructure and include not just the physical infrastructure of transport, communication etc. but also the organizational infrastructure by which property rights and contracts are managed. Collective action is taken by the government for provision of public goods. But collective action for economic governance is also taken via many other organizations or institutions, such as NGO's, community organizations of various kinds, and informal institutions of social networks and social norms, argues the paper.

References