An Institutional Approach to the Inefficiency in Economic Performance

Name: An Institutional Approach to the Inefficiency in Economic Performance
Author: Ali Sarzaiem

İsim	An Institutional Approach to the Inefficiency in Economic Performance
Yazar	Ali Sarzaiem
Basım Tarihi:	1401
Basım Yeri	- Allameh Tabataba'i University Press, 1401.
Konu	ineffectiveness, political economy, institutionalism, Political institutions and public administration (General), JF20-2112, Political institutions and public administration - Asia (Asian studies only), JQ1-6651
Tür	Süreli Yayın
Dil	Farsça
Dijital	Evet
Yazma	Hayır
Fiziksel Boyutlar	electronic resource
Kütüphane:	Bursa Uludağ Üniversitesi Kütüphanesi
Demirbaş Numarası	edsdoj.5787c6eead004ad98d9fb2e5801f0ba6
Kayıt Numarası	7jqfce7azj
Lokasyon	LCC:Political institutions and public administration (General), LCC:Political institutions and public administration - Asia (Asian studies only)
Tarih	1401
Örnek Metin	Iran's economy has not experienced high growth rate during past decades despite huge revenue from oil export. This shows ineffectiveness of resource allocation in Iran economy. The cause of such a resource mis-allocation has been disputed by different theories. In this paper, a political economy approach is used to explain such an inefficiency and it will be shown that it provides a better and more comprehensive approach in compare to the rival explanations. The core idea of the paper is that institutional arrangement in the pollical system evolved after Iran revolution from one hand and the quality of institutions on the other hand leads to high social discount rate which dominates short-termism to long-termism. From institutional point of view, high quality institution helps to relax some political economy constraints and provide incentives for economic agents to follow long-term benefits rather than short term one. In the absence of high-quality institutions, supporters of the status-quo allocation prevail the forces who support reallocation to achieve optimal allocation. As a result, transition from current negative equilibrium to superior one is blocked. In another word, economic reform requires high-quality institutions which support reallocation of available resources. Otherwise, different political economy constraints prevent to prioritize superior allocation to inferior one.
DOI	10.22054/tssq.2022.70365.1338
ISSN	2476-2806, 2476-6828
İlişki	https://tssq.atu.ac.ir/article_15014_b1782810fa02e3ccf59bf30a1a1ebfc8.pdf; https://doaj.org/toc/2476-2806; https://doaj.org/toc/2476-6828

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An Institutional Approach to the Inefficiency in Economic Performance

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An Institutional Approach to the Inefficiency in Economic Performance

Detayları görüntüle

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Bursa Uludağ Üniversitesi Kütüphanesi

Kaynağa git

An Institutional Approach to the Inefficiency in Economic Performance

Yazar Ali Sarzaiem

Basım Tarihi 1401

Basım Yeri - Allameh Tabataba'i University Press, 1401.

Konu ineffectiveness, political economy, institutionalism, Political institutions and public administration (General), JF20-2112, Political institutions and public administration - Asia (Asian studies only), JQ1-6651

Tür Süreli Yayın

Dil Farsça

Dijital Evet

Yazma Hayır

Fiziksel Boyutlar electronic resource

Kütüphane Bursa Uludağ Üniversitesi Kütüphanesi

Demirbaş Numarası edsdoj.5787c6eead004ad98d9fb2e5801f0ba6

Kayıt Numarası 7jqfce7azj

Lokasyon LCC:Political institutions and public administration (General), LCC:Political institutions and public administration - Asia (Asian studies only)

Tarih 1401

Örnek Metin Iran's economy has not experienced high growth rate during past decades despite huge revenue from oil export. This shows ineffectiveness of resource allocation in Iran economy. The cause of such a resource mis-allocation has been disputed by different theories. In this paper, a political economy approach is used to explain such an inefficiency and it will be shown that it provides a better and more comprehensive approach in compare to the rival explanations. The core idea of the paper is that institutional arrangement in the pollical system evolved after Iran revolution from one hand and the quality of institutions on the other hand leads to high social discount rate which dominates short-termism to long-termism. From institutional point of view, high quality institution helps to relax some political economy constraints and provide incentives for economic agents to follow long-term benefits rather than short term one. In the absence of high-quality institutions, supporters of the status-quo allocation prevail the forces who support reallocation to achieve optimal allocation. As a result, transition from current negative equilibrium to superior one is blocked. In another word, economic reform requires high-quality institutions which support reallocation of available resources. Otherwise, different political economy constraints prevent to prioritize superior allocation to inferior one.

DOI 10.22054/tssq.2022.70365.1338

ISSN 2476-2806, 2476-6828

İlişki https://tssq.atu.ac.ir/article_15014_b1782810fa02e3ccf59bf30a1a1ebfc8.pdf; https://doaj.org/toc/2476-2806; https://doaj.org/toc/2476-6828

An Institutional Approach to the Inefficiency in Economic Performance

Diğer Nüshalar

An Institutional Approach to the Inefficiency in Economic Performance

An Institutional Approach to the Inefficiency in Economic Performance

An Institutional Approach to the Inefficiency in Economic Performance

Diğer Nüshalar

An Institutional Approach to the Inef...

An Institutional Approach to the Inef...