Governance and Development: A Comparative Economic Organization Approach

29 Pages Posted: 25 Apr 2019

See all articles by Murali Patibandla

Murali Patibandla

Indian Institute of Management (IIMB), Bangalore

Date Written: April 24, 2019

Abstract

Governance of economic and political activities both by private and public institutions is an important source of economic development apart from the conventional sources such as technological progress, capital accumulation and endowment of resources of a nation. China and India are the two largest emerging economies with different governance mechanisms of political communism, democracy and capitalism. China has been able to achieve extraordinary economic growth rates since 1980 under communism while India’s growth has been under complex democratic institutions. This paper develops a simple theoretical framework of comparative governance and applies it qualitatively to China briefly and India in detail.

Keywords: new institutional economics; transaction and information costs; governance; development; China and India

Suggested Citation

Patibandla, Murali, Governance and Development: A Comparative Economic Organization Approach (April 24, 2019). IIM Bangalore Research Paper No. 589 (2019), Available at SSRN: https://ssrn.com/abstract=3377273 or http://dx.doi.org/10.2139/ssrn.3377273

Murali Patibandla (Contact Author)

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

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