Rural Development Programmes and Transaction Effects: Reflections on Maltese and English Experience

Dwyer, Janet C ORCID: 0000-0002-2332-9832 and Powell, John R ORCID: 0000-0001-8464-4521 (2016) Rural Development Programmes and Transaction Effects: Reflections on Maltese and English Experience. Journal of Agricultural Economics, 67 (3). pp. 545-565. doi:10.1111/1477-9552.12166

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Abstract

New institutional economics, and transaction effects in particular, are highly relevant to public policy performance. The evolution of EU rural development policy has generated both increasing complexity and increased transaction costs. However, this policy evolution also creates opportunities for improvement of policy process management. The paper considers these opportunities in the case of Rural Development Programmes (RDPs) under Pillar 2 of the CAP. We examine the influence of transaction effects on RDP performance, based on direct experience of RDP review and planning in England and Malta, where qualitative evidence of ‘transaction benefits’ is identified. Benefits occur when exchange processes are designed in ways that generate positive returns beyond the immediate transaction, which can outweigh short-term costs. We conclude that more attention to these aspects of policy design is warranted in future rural development programming and evaluation.

Item Type:	Article
Article Type:	Article
Additional Information:	This is the peer reviewed version of the following article: Dwyer, Janet C and Powell, John R (2016) Rural Development Programmes and Transaction Effects: Reflections on Maltese and English Experience. Journal of Agricultural Economics, 67 (3). pp. 545-565. , which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/1477-9552.12166/full. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Uncontrolled Keywords:	England; EU Rural Development Programmes; Malta; New institutional economics; Policy design; Policy implementation; Policy performance; Transaction benefits; Transaction costs; REF2021
Subjects:	H Social Sciences > HB Economic Theory J Political Science > JN Political institutions (Europe) S Agriculture > S Agriculture (General) S Agriculture > SD Forestry
Divisions:	Schools and Research Institutes > Countryside and Community Research Institute
Research Priority Areas:	Place, Environment and Community
Depositing User:	Eleanor Hawketts
Date Deposited:	31 Mar 2016 08:58
Last Modified:	01 Aug 2021 21:35
URI:	https://eprints.glos.ac.uk/id/eprint/3354

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