Regional business development policy in Central and Eastern Europe: a mechanism design perspective

被引:1
作者
King, Roswitha M. [1 ,2 ]
机构
[1] Hogskolen I Ostfold, Dept Econ, N-1757 Halden, Norway
[2] Latvian State Univ, Ctr European & Transit Studies, LV-1063 Riga, Latvia
关键词
Mechanism design; Small and medium sized enterprises; Regional development policy; Central and Eastern Europe;
D O I
10.1007/s10058-009-0086-7
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper explains one aspect of the challenges faced by regional development policy in Central and Eastern Europe. At issue is a policy for the development and expansion of small and medium sized enterprises (SMEs). The causes and dynamics of difficulties with SME development policies are analyzed in a mechanism design/game theory framework, in which "policy failure" arises as an equilibrium phenomenon. The model results deliver a cautionary note: that indiscriminate application of market criteria may be counterproductive in an environment characterized by severe constraints on material wealth accumulation.
引用
收藏
页码:221 / 242
页数:22
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