A new institutional economic analysis of the state and a newi nstitutional economic analysis of the state and agriculture in Sub-Saharan Africa

The state, an all-encompassing term taking in all layers of government from the local to supranational level, is an important actor in most spheres of economic life and is dominant in some. It is a key source of law and has a legal monopoly over the harsher mechanisms of enforcement, such as arrest,...

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Autor principal: Kydd, Jonathan G.
Formato: Capítulo de libro
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2009
Materias:
Acceso en línea:https://hdl.handle.net/10568/161880
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author Kydd, Jonathan G.
author_browse Kydd, Jonathan G.
author_facet Kydd, Jonathan G.
author_sort Kydd, Jonathan G.
collection Repository of Agricultural Research Outputs (CGSpace)
description The state, an all-encompassing term taking in all layers of government from the local to supranational level, is an important actor in most spheres of economic life and is dominant in some. It is a key source of law and has a legal monopoly over the harsher mechanisms of enforcement, such as arrest, prosecution, fining, and loss of liberty. The rules made and upheld by the state are core features of the institutional environment. But the state is also seen as an indispensable provider of certain services, including law and order, physical infrastructure, education and heath, and regulation of the economy, for which it has to raise taxes. There is constant debate about which services the state should provide and the manner of their provision. Economists (both orthodox and those who pursue New Institutional Economics [NIE]) find that the concepts of public goods, market failure, merit goods, and redistribution (Box 20.1) provide useful guidance in this debate, as they focus attention on needs that would not be met adequately, if at all, were provision left solely to the market.
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spelling CGSpace1618802025-11-06T03:57:14Z A new institutional economic analysis of the state and a newi nstitutional economic analysis of the state and agriculture in Sub-Saharan Africa Kydd, Jonathan G. economic development agricultural development case studies natural resources management smallholders poverty alleviation economic growth The state, an all-encompassing term taking in all layers of government from the local to supranational level, is an important actor in most spheres of economic life and is dominant in some. It is a key source of law and has a legal monopoly over the harsher mechanisms of enforcement, such as arrest, prosecution, fining, and loss of liberty. The rules made and upheld by the state are core features of the institutional environment. But the state is also seen as an indispensable provider of certain services, including law and order, physical infrastructure, education and heath, and regulation of the economy, for which it has to raise taxes. There is constant debate about which services the state should provide and the manner of their provision. Economists (both orthodox and those who pursue New Institutional Economics [NIE]) find that the concepts of public goods, market failure, merit goods, and redistribution (Box 20.1) provide useful guidance in this debate, as they focus attention on needs that would not be met adequately, if at all, were provision left solely to the market. 2009 2024-11-21T09:59:05Z 2024-11-21T09:59:05Z Book Chapter https://hdl.handle.net/10568/161880 en https://doi.org/10.2499/9780896297814BK Open Access application/pdf International Food Policy Research Institute Kydd, Jonathan G. 2009. A new institutional economic analysis of the state and a newi nstitutional economic analysis of the state and agriculture in Sub-Saharan Africa. In Institutional economics perspectives on African agricultural development. ed. Johann F. Kirsten, Andrew R. Dorward, Colin Poulton, and Nick Vink. Chapter 20. Pp. 429-460. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/161880
spellingShingle economic development
agricultural development
case studies
natural resources management
smallholders
poverty alleviation
economic growth
Kydd, Jonathan G.
A new institutional economic analysis of the state and a newi nstitutional economic analysis of the state and agriculture in Sub-Saharan Africa
title A new institutional economic analysis of the state and a newi nstitutional economic analysis of the state and agriculture in Sub-Saharan Africa
title_full A new institutional economic analysis of the state and a newi nstitutional economic analysis of the state and agriculture in Sub-Saharan Africa
title_fullStr A new institutional economic analysis of the state and a newi nstitutional economic analysis of the state and agriculture in Sub-Saharan Africa
title_full_unstemmed A new institutional economic analysis of the state and a newi nstitutional economic analysis of the state and agriculture in Sub-Saharan Africa
title_short A new institutional economic analysis of the state and a newi nstitutional economic analysis of the state and agriculture in Sub-Saharan Africa
title_sort new institutional economic analysis of the state and a newi nstitutional economic analysis of the state and agriculture in sub saharan africa
topic economic development
agricultural development
case studies
natural resources management
smallholders
poverty alleviation
economic growth
url https://hdl.handle.net/10568/161880
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