Coordination risk and cost impacts on economic development in poor rural areas

Andrew Dorward*, Jonathan Kydd, Colin Poulton, Dirk Bezemer

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

16 Citations (Scopus)

Abstract

This paper addresses issues relevant to a critical problem in economic development: how to get rapid pro-poor economic growth in poor rural areas in Africa and South Asia where most of the world's dollar a day poor live. It examines constraints to the development of coordinated exchange systems in poor rural areas, focusing on the core problem of thin markets and low density of economic activity in these areas. Transaction cost and risk analysis is integrated into a conventional neoclassical production economics framework to describe the existence of low level equilibrium traps in transactions and supply chains and to generate important insights for development policy.

Original languageEnglish
Pages (from-to)1093-1112
Number of pages20
JournalJournal of Development Studies
Volume45
Issue number7
DOIs
Publication statusPublished - 2009

Keywords

  • AGRICULTURE
  • EASTERN
  • POLICY

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