授業科目名

(英文)

Readings on Institutional Economics

Readings on Institutional Economics

単位数

2単位

担当者所属・職・氏名

経済学研究科・講師 D.ヤルナゾフ

Dimiter Ialnazov

http://www.econ.kyoto-u.ac.jp/~ialnazov/

期 間

前期

テーマ

Institutional Economics and Its Applications to Developing and Post-Socialist Countries

受講についての

必要な予備知識

英語によるコミュニケーション能力

英語で書かれた専門書の読解能力

評価の方法

Evaluation will be done on the basis of the following criteria:

1.Attendance and participation (e.g. reviews of chapters from the required readings and contribution to the discussions) 50% 

2.The quality of 2 written essays and their oral presentations 50%

 

テキスト

Copies of chapters from the required readings will be distributed in advance

参考文献

B. Chavance, Institutional Economics, Routledge, 2009.

E. Furubotn and R. Richter, Institutions and Economic Theory: The Contribution of the New Institutional Economics, University of Michigan Press, 2005.

C. Menard and M. Shirley (eds.), Handbook of New Institutional Economics, Springer, 2005.

オフィスアワー

Feel free to talk to me after the classes or make an appointment by e-mail (ialnazov@econ.kyoto-u.ac.jp)

授業の概要授業計画

 

本講義は留学生対象ですが、日本人学生の受講も歓迎しています。ただし、完全に英語で教えている授業なので、ある程度の英語コミュニケーション能力は必要です。受講希望者はialnazov@econ.kyoto-u.ac.jpまでメールをください。

 

Course description

    The aim of this course is to give the students some basic knowledge about institutional economic theories and their practical applications for policy making in developing and post-socialist countries. The main idea behind the course is that institutions matter greatly for economic performance and that the diversity of development/transformation paths can be explained by cross-country variations in the quality of institutions. During the course we will use the definition of institutions as Òdurable and shared social rulesÓ and NorthÕs distinction between formal and informal institutions. The New Institutional EconomicsÕ(NIE) understanding of institutions as contractual arrangements helping to reduce transaction costs and constrain opportunistic behavior will be examined too.

    The course will also seek answers to the following questions: (1) what kind of policies and institutions are needed to achieve successful economic performance? (2) why are some countries more successful than others? why do similar economic reforms succeed in some countries but fail in others? (3) how can we explain variations in economic performance among the former socialist countries? After obtaining some basic knowledge about institutional economics, the students will apply the institutional approach to individual country cases and compare cases of policies and institutions in different countries.

 

Course outline

1. Introduction

2. Explanations of the causes of economic growth and development I: the neoclassical growth theory

3. Explanations of the causes of economic growth and development II: the new growth theory and the role of government policies

4. Case studies of rapid economic development in postwar Japan and contemporary China

5. Good and bad government policies: the Washington Consensus and the New Political Economy (NPE)

6. Student presentations on the first essays

7. Good and bad institutions from the perspective of the new institutional economics (transaction costs and opportunism)

8. The new institutional economics about property rights

9. Good and bad institutions from the perspective of historical institutional economics (path dependence, increasing returns and lock-in)

10. The historical institutional economics about formal and informal institutions

11. How to measure institutional quality? Examples of indicators to judge rule of law, security of property rights, transaction costs, corruption, etc.

12. Student presentations on the second essays

13. International trade, FDI and institutions

14. Innovation, the knowledge economy and institutions

15. Summary and conclusions