This paper frames a broader reconstruction of the evolution of our understanding of the dynamics of an economy through the role assigned to a variety of Pure and Non Pure Public Goods(NPPGs) as development drivers and value creators. It outlinesthe convergence of two distinct, though major theoretical traditions: the theories of growth/development, on one side, and the debate over role and efficiency of State/Vertical Integrated Firms v/s Market in the provision of goods. Coase (1932) put forward a theory of why either one prevails, as a function of a broad category of transaction costs.
Punzo, L.F. (2018). Public goods as drivers of growth/development. DESENVOLVIMENTO E DEBATE, 6(2), 53-69.
Public goods as drivers of growth/development
Lionello Punzo
2018-01-01
Abstract
This paper frames a broader reconstruction of the evolution of our understanding of the dynamics of an economy through the role assigned to a variety of Pure and Non Pure Public Goods(NPPGs) as development drivers and value creators. It outlinesthe convergence of two distinct, though major theoretical traditions: the theories of growth/development, on one side, and the debate over role and efficiency of State/Vertical Integrated Firms v/s Market in the provision of goods. Coase (1932) put forward a theory of why either one prevails, as a function of a broad category of transaction costs.File | Dimensione | Formato | |
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https://hdl.handle.net/11365/1093447
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