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Development Economics: Theory and Practice

Development Economics: Theory and Practice

Autorzy
Wydawnictwo Taylor & Francis Ltd
Data wydania 31/05/2021
Liczba stron 572
Forma publikacji książka w miękkiej oprawie
Poziom zaawansowania Dla profesjonalistów, specjalistów i badaczy naukowych
Język angielski
ISBN 9780367456474
Kategorie Studia rozwojowe
459.90 PLN (z VAT)
$103.45 / €98.60 / £85.60 /
Produkt na zamówienie
Dostawa 3-4 tygodnie
Ilość
Do schowka

Opis książki

This second edition of Development Economics: Theory and Practice continues to provide students and practitioners with the perspectives and tools they need to think analytically and critically about the current major economic development issues in the world.


Alain de Janvry and Elisabeth Sadoulet identify seven key dimensions of development-growth, poverty, vulnerability, inequality, basic needs, sustainability, and quality of life-and use them to structure the contents of the text. The book gives a historical perspective on the evolution of thought in development. It uses theory and empirical analysis to present readers with a full picture of how development works, how its successes and failures can be assessed, and how alternatives can be introduced. The authors demonstrate how diagnostics, design of programs and policies, and impact evaluation can be used to seek new solutions to the suffering and violence caused by development failures.


In the second edition, more attention has been given to ongoing developments, such as:








pursuit of the Sustainable Development Goals







continuously rising global and national inequality







health as a domestic and international public good







cash transfers for social protection







carbon trading for sustainability


This text is fully engaged with the most cutting-edge research in the field and equips readers with analytical tools for impact evaluation of development programs and policies, illustrated with numerous examples. It is underpinned throughout by a wealth of student-friendly features, including case studies, quantitative problem sets, end-of-chapter questions, and extensive references. The companion website contains policy briefs and Excel and Stata exercises for students, alongside materials for instructors.


This unique text is ideal for those taking courses in development economics, economic growth, and development policy, and will provide an excellent foundation for those wishing to pursue careers in development. Praise for the first edition:


"This is a great book that fills many gaps in the existing textbook options, including rich material coming out of the RCT revolution, while sustaining depth on the classic questions in development." - Samuel Bazzi, Professor of Economics at Boston University, USA.





"Overall, I strongly recommend using this textbook for economic development. It is rich with material, examples, and case studies. It includes extensive discussions on data and studies using the randomized control trial approach, which is widely used in development research nowadays." - Rotua Lumbantobing, Assistant Professor of Economics at Western Connecticut State University, USA

Development Economics: Theory and Practice

Spis treści

Introduction





Economic development





Development economics





Why should we be interested in development economics?











1 What is Development? Indicators and Issues





Seven dimensions of development





Income and income growth





Poverty and hunger





Inequality and inequity





Vulnerability to poverty





Basic needs: human development





Sustainability in the use of natural resources





Quality of life





Development goes beyond income, but can income growth deliver development?





Conclusion: development is multidimensional, so can we agree on what it is?











2 The State of Development





Income growth and the convergence club





Poverty and hunger





Inequality





Basic human needs





Sustainability in resource use





Quality of life





Conclusion











3 History of Thought in Development Economics





Introduction: why history matters





Basic principles in analysing the history of thought in development economics





Selected schools of thought in development





Conclusion











4 Impact Evaluation of Development Policies and Programs





How do we know what works for development?





Objectives and overview of impact evaluation





Methods of impact evaluation





Experimental design-rct





Matching method to construct control groups: propensity score matching





Difference-in-differences method





Generalization of the diff-in-diffs approach: roll-outs with panel data





Regression discontinuity designs (rdd)





Event analysis and event-severity analysis





Instrumental variables estimation





Making impact evaluation more useful for policy purposes





Qualitative methods











Appendix 4: Econometrics of Impact Analysis





Randomization





Propensity score matching





Difference-in-differences





Staggered entry with panel data: roll-out of a program





Regression discontinuity





Event analysis





Instrumental variables estimation











5 Poverty and Vulnerability Analysis





Characterize welfare: choice of an indicator of wellbeing





Separating the poor from the non-poor: choosing a poverty line (z)





Poverty profile and aggregate indicators





Vulnerability





Other aspects of poverty





Correlates of poverty: who are the poor? Where do they live? What do they do? How do they live?





The geography of poverty: poverty maps





Are there behavioral poverty traps?





Reducing poverty











6 Inequality and Inequity





Describing and measuring inequality





Decomposing inequality





Relationship between level of income (gdppc) and inequality: empirical evidence on the kuznets inverted u-curve





The long-term evolution of inequality





Pro-poor growth and the growth incidence curve





The growth-inequality-poverty development triangle





What roles for ethnic fractionalization and genetic diversity?





What role for equity in development?





Inclusive growth











7 International Trade and Industrialization Strategies





Trade openness





Gains from trade: why countries trade, but not everyone gains





Absolute, comparative, and competitive advantage





Trade policy and indicators of protection





Using trade policy for development: tariffs and subsidies





Dynamic gains from trade: import-substitution industrialization as a policy gamble





Trade and industrialization strategies: how to choose?





Is trade good for growth?





Is trade good for poverty reduction?





Trade and the environment





Trade and food security





Decline of the wto and threats to multilateralism











8 Explaining Economic Growth: The Macro Level





The growth puzzle





Generic modeling of income growth





Capital accumulation for growth: the Harrod-Domar model





Productivity growth and factor deepening: growth accounting in the Solow model





Economic growth and structural transformation





The role of agriculture in growth: dual-economy models





The role of agriculture in growth: other models





Endogenous economic growth











9 Exchange Rate Policies and Development





Trade, financial flows, and exchange rate





Exchange-rate regimes





The real exchange rater and its effect on real balances





Two examples of exchange-rate shocks











10 The Economics of Farm Households





Importance of farm households





Definitions of farm households





Farm-household behavior models





Responses to market signals: separability





Net buyers, net sellers, and food security





Can the family farm be competitive and survive?





Risk and self-insurance in household behavior





Intra-household allocation of resources and gender roles











11 Population and Development





Definitions: demographic concepts





Some data for world population





History of world population and demographic transition





Causes of population growth





Population policy





Other issues in population and development











12 Labor and Migration





Labor and employment





Rural-urban migration





Extensions of the model and empirical results





Impacts of migration





Conclusion











13 Financial Services for The Poor





The generic-lender problem





Commercial banks





Local moneylenders, or "usurers"





Local sources of credit based on interlinkages in value chains





Informal institutions: Roscas





Village banks and self-help groups





The microfinance revolution: group lending





Mfis with individual loans: proximity lending





Other issues in microfinance lending





Impact evaluations on microfinance lending





Increasing savings: offering saving opportunities and incentives





Can the poor be insured? The promise of index-based weather insurance





Mobile money and digital credit





Conclusions on mfis: how useful are they for poverty reduction?











14 Social Programs and Targeting





Determinants of income and paths out of poverty





A typology of social programs





The targeting of social programs: benefits and costs





Errors in targeting: exclusion (type i) and inclusion (type ii) errors





Targeting methods





Quality of targeting





Other issues in implementation of transfers





Using social-safety-net (ssn) programs for efficiency gains and growth





Impact evaluation of social programs: some examples





The debate over cash transfers vs development programs for poverty reduction











15 Sustainable Development and The Environment





Links between development, resource conservation, and environmental sustainability





Negative externalities





Incomplete property rights





Public goods





The sustainability objective





Dilemmas in the environment-development relation





Introducing new markets: payments for environmental services











16 Common Property Resources and Determinants of Cooperation





Why are there common property resources?





Economics of cpr use





Grounds for pessimism about cooperative behavior





Cooperative outcomes in non-cooperative games





Determinants of cooperation and collective action





Why secure property rights over land matter for economic development











17 Human Capital: Education and Health





Why are education and health important for development?





Indicators and status of education





What determines the levels of schooling?





Estimating the return to education





Policy issue: conditional cash transfers





Indicators and status of health





What determines health achievements?





Impact of health on development outcomes





Issues in health policies: the debate around subsidies











18 Agriculture for Development





Agriculture for development





The state of world agriculture





Determinants of agricultural growth





Food security in developing countries





The political economy of agriculture for development











19 Development Aid and Its Effectiveness





Overview





Aid in a historial perspective





The evolution of foreign aid





Fungibility of foreign aid





Aid effectiveness from a macro perspective





Evaluating the impact of foreign aid from a micro perspective





The practice of foreign aid





Aid strategies for greater effectiveness: what can be done?





The debate on foreign aid





Conclusion: toward a new aid architecture











20 Institutional Innovations and Development





Institutions and development





Assumptions underlying the new institutional economics





Market failures induced by transaction costs





Institutional responses to market failures





Mechanisms of institutional change





Examples of institutional innovations that help reduce transaction costs and/or compensate for market failures











21 Political Economy and The Role of The State





Introduction





Theories of the state





The functionalist state





The pluralist state: public choice





Economics of public authority: rent-seeking, political influence, and corruption





Strategies to limit rent-seeking

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