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Information Journal Paper

Title

AN INTRODUCTION TO INSTITUTIONAL EXPLANATION OF LOW PRODUCTIVITY IN IRANIAN ECONOMY

Pages

  53-53

Keywords

TOTAL FACTOR PRODUCTIVITY (TFP)Q3

Abstract

 Evidences of internal and external statistics and researches show that total factor productivity (TFP) in Iran economy is low. This paper seeks to extract a framework for explaining the reasons for low productivity performance in Iranian economy.Research method of this paper is descriptive- analytic. Analyzing and using of information, literature, history, and empirical evidences are based on theoretical framework of institutional school especially the North’s theories.In North's view, to improve productivity, two sets of institutional reforms should be implemented:a) The supply side changes: improve productivity by lowering either transaction or transformation costs.b) Demand side INSTITUTIONAL CHANGES: supply induced changes in organization and technology alter the perceived costs and benefits to individuals and groups throughout history and engender responses through group action or the political process which in turn alter the productivity of the economy.Achieving high performance in productivity requires viable governance that creates economic institutions and provides effective enforcement. Institutional sets of each country should be designed based on local knowledge. Participatory political system is the most effective mechanism for collecting local knowledge to design such institutions.

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  • Cite

    APA: Copy

    MOTAVASELI, MAHMOUD, MOMENI, FARSHAD, & FATHOLLAHI, JAMAL. (2013). AN INTRODUCTION TO INSTITUTIONAL EXPLANATION OF LOW PRODUCTIVITY IN IRANIAN ECONOMY. JOURNAL OF ECONOMIC STUDIES AND POLICIES, 8 (18)(2 (93)), 53-53. SID. https://sid.ir/paper/219077/en

    Vancouver: Copy

    MOTAVASELI MAHMOUD, MOMENI FARSHAD, FATHOLLAHI JAMAL. AN INTRODUCTION TO INSTITUTIONAL EXPLANATION OF LOW PRODUCTIVITY IN IRANIAN ECONOMY. JOURNAL OF ECONOMIC STUDIES AND POLICIES[Internet]. 2013;8 (18)(2 (93)):53-53. Available from: https://sid.ir/paper/219077/en

    IEEE: Copy

    MAHMOUD MOTAVASELI, FARSHAD MOMENI, and JAMAL FATHOLLAHI, “AN INTRODUCTION TO INSTITUTIONAL EXPLANATION OF LOW PRODUCTIVITY IN IRANIAN ECONOMY,” JOURNAL OF ECONOMIC STUDIES AND POLICIES, vol. 8 (18), no. 2 (93), pp. 53–53, 2013, [Online]. Available: https://sid.ir/paper/219077/en

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