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

被引：0
|
作者：
Roswitha M. King
机构：
[1] Høgskolen i Østfold,Department of Economics
[2] University of Latvia,Centre for European and Transition Studies
来源：
Review of Economic Design | 2010年 / 14卷
关键词：
Mechanism design; Small and medium sized enterprises; Regional development policy; Central and Eastern Europe; C7; DO2; D78; R58;
D O I：
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中图分类号：
学科分类号：
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.
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页码：221 / 242
页数：21
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