THE ROLE OF INSTITUTIONS IN THE DEVELOPMENT OF AGRICULTURE
Keywords:
role, institutions, development, agricultureAbstract
This article discusses the role of institutions in the development of agriculture. Moreover, all levels of the institutional system are interconnected, so changes on one level immediately affect other levels. In other words, the role of institutions in society is to reduce uncertainty by establishing stable relations between individuals. Institutions are fundamental factors for long-term functioning of economic systems, and institutional boundaries influence the formation and development of various communities and organizations.
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References
Veblen, T. (1934). The theory of the leisure class: An economic study of institutions. Introduction by Stuart Chase, New York: The Modern Library.
Witt, U. (2003). Economic policymaking in evolutionary perspective. Journal of Evolutionary Economics, 13(2), 77-94.
Menard, C. (2004). The economics of hybrid organizations. Journal of Institutional and Theoretical Economics, 160(3), 345.
Dalrymple, D. (2006). Impure public goods and agricultural research: Toward a blend of theory and practice. Quarterly Journal of International Agriculture, 45 (1), 71.
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Copyright (c) 2021 Kh.Kh. Egamberdiev

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