Transaction Costs and the Political Economy of Trade Policy

The third paper provides a transaction cost explanation to the pattern of industrial expansion in the ready-made garment sector of Bangladesh. It shows how economic policies through their effect on property rights can change transaction cost and thereby affect economic outcome. The paper argued that low transaction cost is the cause of the observed predominantly horizontal industrial expansion in the ready-made garment sector of Bangladesh. It also showed how economic policies at different stages affected the expansion pattern by changing the transaction cost of operation in this sector. The paper also explains why a similar expansion did not take place in the linkage industries and how the scope of post contractual opportunism and the requirement of transaction specific assets play the key roles in this regard.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2015

Author dc:creator

• Mahmud, Munir

Contributors dc:contributor

• Hadi Salehi Esfahani

• Economics, Theory

Language dc:language

eng

Identifier

(MiAaPQ)AAI9812691

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/85625