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The Idea of Good (Enough) Governance. A Look from Complexity Economics

Author

Listed:
  • Łukasz Hardt

    (University of Warsaw, Faculty of Economic Sciences)

Abstract
Nowadays we observe a consensus in the development literature that the quality of governance matters for economic development. Therefore, many postulate the implementation of good governance principle, however, that very idea is not well defined and conceptualized. This paper offers some insights into the way that concept can be better understood. We do that by applying the conceptual apparatus taken from the complexity economics. What follows is the conclusion that the idea of good governance as seen from the perspective of complexity economics is very similar to the one of good enough governance. Moreover, we present some pragmatic recommendations for both development policies as well as the ways such policies should be prepared.

Suggested Citation

  • Łukasz Hardt, 2012. "The Idea of Good (Enough) Governance. A Look from Complexity Economics," Working Papers 2012-05, Faculty of Economic Sciences, University of Warsaw.
    • Handle: RePEc:war:wpaper:2012-05
    as

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    File URL: http://www.wne.uw.edu.pl/inf/wyd/WP/WNE_WP71.pdf
    File Function: First version, 2012
    Download Restriction: no
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    References listed on IDEAS

    as
    1. John B. Davis & D. W. Hands & Uskali Mäki (ed.), 1998. "The Handbook of Economic Methodology," Books, Edward Elgar Publishing, number 741.
    2. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
    3. Stephen Knack & Philip Keefer, 1995. "Institutions And Economic Performance: Cross‐Country Tests Using Alternative Institutional Measures," Economics and Politics, Wiley Blackwell, vol. 7(3), pages 207-227, November.
    4. Eric Friedman & Simon Johnson & Daniel Kaufmann & Pablo Zoido-Lobaton, 1999. "Dodging the Grabbing Hand: The Determinants of Unofficial Activity in 69," Departmental Working Papers 199921, Rutgers University, Department of Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Wieliczko, Barbara, 2020. "Suitability of Complexity Economics for Long-Term Agricultural Policy-Making," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 311259, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    2. Albassam, Bassam A., 2019. "Building an effective knowledge management system in Saudi Arabia using the principles of good governance," Resources Policy, Elsevier, vol. 64(C).

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    More about this item

    Keywords

    good governance; good enough governance; complexity economics; economic development;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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