INTRODUCTION TO THE THEORIES OF WILLIAMSON AND ITS APPLICATION TO THE DEVELOPMENT ISSUES IN IRAN

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MOTEVASSELI MAHMOOD; FATHOLLAHI JAMAL

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Journal: JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH) Year:2010 | Volume:10 | Issue:3 Page(s): 24-52

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Title

INTRODUCTION TO THE THEORIES OF WILLIAMSON AND ITS APPLICATION TO THE DEVELOPMENT ISSUES IN IRAN

Author(s)

MOTEVASSELI MAHMOOD | FATHOLLAHI JAMAL | Issue Writer Certificate

Keywords

NEW INSTITUTIONAL ECONOMICSQ2

OLIVER WILLIAMSONQ3

ECONOMIC DEVELOPMENTQ3

TRANSACTION COST ECONOMICSQ3

METHODOLOGYQ2

IRAN’S ECONOMYQ2

Abstract

Nowadays, NEW INSTITUTIONAL ECONOMICS (NIE), as the most important heterodox school of thought in Economics, is not only against mainstream, but also supplement. Therefore, due to the lake of adequate representation, the neoclassical economics is sever to explain issues in developing countries, recognition and the use of institutional analysis in solving development problems. Amongst NIE’s, three theorists and Nobel laureates are prominent. They are Ronal Coase, Douglas North and OLIVER WILLIAMSON.In this article, the most prominent theories of Williamson, Nobel laureate in 2009 for Governance, are discussed. According to his articles, the most important contribution of Williamson to NIE can be summarized in four categories as follows:• TRANSACTION COST ECONOMICS• Bottom up approach in analyzing development issues • Four levels of social analysis as a starting point in development reform and • Economics of governance. These theories and more specifically, bottom up approach and four level social analysis have a good power in explaining development issues in Iran.

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APA: Copy

MOTEVASSELI, MAHMOOD, & FATHOLLAHI, JAMAL. (2010). INTRODUCTION TO THE THEORIES OF WILLIAMSON AND ITS APPLICATION TO THE DEVELOPMENT ISSUES IN IRAN. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), 10(3), 24-52. SID. https://sid.ir/paper/86686/en

Vancouver: Copy

MOTEVASSELI MAHMOOD, FATHOLLAHI JAMAL. INTRODUCTION TO THE THEORIES OF WILLIAMSON AND ITS APPLICATION TO THE DEVELOPMENT ISSUES IN IRAN. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH)[Internet]. 2010;10(3):24-52. Available from: https://sid.ir/paper/86686/en

IEEE: Copy

MAHMOOD MOTEVASSELI, and JAMAL FATHOLLAHI, “INTRODUCTION TO THE THEORIES OF WILLIAMSON AND ITS APPLICATION TO THE DEVELOPMENT ISSUES IN IRAN,” JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), vol. 10, no. 3, pp. 24–52, 2010, [Online]. Available: https://sid.ir/paper/86686/en

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