Benito Arruñada donnera une série de conférences sur le thème Property and Business Formalization:
Organizing Institutions for Economic Development Les 7 et 9 octobre 2008
Dans le cadre des activités de l’UMR EconomiX et de l’Ecole Doctorale « Economie, Organisation, Société »
de l’Université de Paris X
Salle des colloques, Bâtiment K – Rez-de-chaussée (le 7 octobre 2008)
Salle des actes, Bâtiment F – 1er étage (le 9 octobre 2008)
plan de l’Université Paris X. Mardi 7 Octobre, 10:30-12:30
The theory of property formalization – references

Mardi 7 Octobre, 14:30-16:30
The theory of business formalization – references Jeudi 9 Octobre, 10:30-12:30
Organizing and regulating formalization services – references Jeudi 9 Octobre, 14:30-16:30
Measuring institutional performance – references Transparents des conférences Outline In the last few decades, discussions on economic development have focused on the role of institutions, following the works of Ronald H. Coase and Douglass North. In particular, writings by economist Hernando de Soto made popular the idea that development would benefit from making access to legality easier. It was thought that, if small owners of real estate had good titles to their land, they would enjoy better incentives and could use their land as collateral for credit. Similarly, if entrepreneurs were able to formalize their businesses easily, they would benefit from operating as legal entities by, for instance, having access to the courts for enforcing contracts and settling disputes. These simple ideas, reminiscent of widespread arguments in nineteenth century Europe, have motivated reform and aid programs in developing countries, where the state of legal institutions is often inadequate. They have also influenced policy in developed countries, where many of the institutions created in the nineteenth century for formalizing property and businesses have since become outdated, when not captured by private interests. Outcomes from these efforts have often been disappointing, however, failing to fulfill their promise of economic growth and even that of improving the institutional environment. This series of lectures provide an understanding of formalization institutions, which aims to improve policy in this area. The first two lectures will sketch a theory of property and business formalization. The theory answers the fundamental question: why is formalization valuable? It provides a solid grounding for analyzing the validity of policy-supporting arguments and current reform efforts in the two areas of property titling and business simplification. The two last lectures answer the key policy questions: when is formalization valuable, what are the organizational requirements of effective formalization institutions and how to measure the performance of these institutions? Failure to respond adequately to these questions is behind common mistakes in institutional development, such as building universal property titling systems where there is little demand for universal titling and, more generally, disregarding the minimum quality that formalization institutions must provide in order to be socially valuable.

Laisser un commentaire