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Rural Development, Privatization and Public Choice: Substance Depends upon Process

Published online by Cambridge University Press:  28 April 2015

James Hite
James Hite*
Affiliation:
Clemson University, Clemson, South Carolina
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Abstract

Whether or not privatization facilitates rural development depends upon what rural development means. In practice, rural development often is the result of a struggle between rent defenders and rent seekers. A positivist concept of rural development is proposed, and the institutions of public choice are examined to determine how they might influence privatization decisions. The conclusion is that whether or not privatization improves efficiency of adjustment in rural economies depends upon the specifics of political deals required to achieve a particular act of privatization.

Keywords

privatizationrural developmentpublic choicerent-seeking
Type
Invited Papers and Discussions
Information
Journal of Agricultural and Applied Economics , Volume 25 , Issue 1 , July 1993 , pp. 89 - 98
Copyright
Copyright © Southern Agricultural Economics Association 1993

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