The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Second-Best Institutions
Open accessAbstract
The focus of policy reform in developing countries has moved from getting prices right to getting institutions right, and accordingly countries are increasingly being advised to move towards "best-practice" institutions.This paper argues that appropriate institutions for developing countries are instead "second-best" institutions --those that take into account context-specific market and government failures that cannot be removed in short order.Such institutions will often diverge greatly from best practice.The argument is illustrated using examples from four areas: contract enforcement, entrepreneurship, trade openness, and macroeconomic stability.
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Citations
Cites
Economic development as self-discovery
Hausmann, R., & Rodrik, D. (2003) · Journal of Development Economics · doi:10.1016/s0304-3878(03)00124-x · Cited by 1,840
Self-citation
Cited by
Cannibalizing the Informal Economy: Frugal Innovation and Economic Inclusion in Africa
Meagher, K. (2018) · The European Journal of Development Research · doi:10.1057/s41287-017-0113-4 · Cited by 175
Competition and relational contracts in the rwanda coffee chain
Macchiavello, R., & Morjaria, A. (2021) · The Quarterly Journal of Economics · doi:10.1093/qje/qjaa048 · Cited by 124
Fossil fuel subsidy reform, rent management and political fragmentation in developing countries
Lockwood, M. (2015) · New Political Economy · doi:10.1080/13563467.2014.923826 · Cited by 98
Undertaking land administration reform: Is there a better way?
Burns, A. F., Rajabifard, A., & Shojaei, D. (2023) · Land Use Policy · doi:10.1016/j.landusepol.2023.106824 · Cited by 21
Metadata
- Authors
- Rodrik, D.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2008-04-01
- Volume
- 98
- Issue
- 2
- Pages
- 100-104
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2164962873
- Cited by
- 669
- References
- 1
- FWCI
- 97.83
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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