Found 10 article(s) for author 'Economic Development'

The Recent Growth Boom in Developing Economies: A Structural-Change Perspective

The Recent Growth Boom in Developing Economies: A Structural-Change Perspective. Dani Rodrick, January 2017, Paper, “Growth has accelerated in a wide range of developing countries over the last couple of decades, resulting in an extraordinary period of convergence with the advanced economies. We analyze this experience from the lens of structural change – the reallocation of labor from low- to high-productivity sectors. Patterns of structural change differ greatly in the recent growth experience. In contrast to the East Asian experience, none of the recent growth accelerations in Latin America, Africa, or South Asia was driven by rapid industrialization. Beyond that, we document that recent growth accelerations were based on either rapid within-sector labor productivity growth (Latin America) or growth-increasing structural change (Africa), but rarely both at the same time.Link

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Doing Bad by Doing Good? Theft and Abuse by Lenders in the Microfinance Markets of Uganda

Doing Bad by Doing Good? Theft and Abuse by Lenders in the Microfinance Markets of Uganda. Catherine Duggan, June 2016, Paper. “Microcredit transactions in developing countries create risks for borrowers that are routinely overlooked in the literature. This paper argues that common microfinance-lending methodologies that allow lenders to collateralize loans and unilaterally collect this security create opportunities for malicious lenders to steal from clients in good standing. In places where any lender can simply call itself a “microfinance institution” (MFI), opportunistic lenders can use the halo effect associated with microfinance to encourage borrowers to make themselves unusually vulnerable to theft. Evidence of these abuses can be seen in a case study of Uganda, where theft and fraud by a small number of microfinance institutions created a large-scale crisis and contributed to a precipitous decline in trust in the financial sector as a whole.Link

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Open Access to Infrastructure Networks: The Experience of Railroads

Open Access to Infrastructure Networks: The Experience of Railroads. Jose Gomez-Ibanez, June 1, 2016, Paper, “Many countries have restructured their railroads and other network industries to require that network providers grant access to independent companies. The potential benefit is to introduce competition among the access users, while the potential cost is to reduce coordination between the network provider and the access users. The experiences of railroads in Australia, Europe, and North America caution that coordination costs are likely to be high when the access provider/user interface is technically complex, the network is close to capacity, the access users are heterogeneous, there is little reciprocity between providers and users, and the access grants are broad.Link

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The Production of Human Capital in Developed Countries: Evidence from 196 Randomized Field Experiments

The Production of Human Capital in Developed Countries: Evidence from 196 Randomized Field Experiments. Roland Fryer, March 2016, Paper. “Randomized field experiments designed to better understand the production of human capital have increased exponentially over the past several decades. This chapter summarizes what we have learned about various partial derivatives of the human capital production function, what important partial derivatives are left to be estimated, and what – together – our collective efforts have taught us about how to produce human capital in developed countries. The chapter concludes with a back of the envelope simulation of how much of the racial wage gap in America might be accounted for if human capital policy focused on best practices gleaned from randomized field experiments.Link

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Economic Development: Using Analytical Frameworks for Policy Design

Economic Development: Using Analytical Frameworks for Policy Design. Asim Khwaja, Rohini Pande, 2016, Syllabus. “This is a semester-long course that provides analytical frameworks to aid the design and implementation of development policy. The course will start by examining different diagnostic approaches for policy design and then provide a deep-dive analysis into diagnostics and policy design in the areas of education, finance, industrial policy, environment and climate change and governance.Link

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State Capacity, Local Governance, and Economic Development in Vietnam

State Capacity, Local Governance, and Economic Development in Vietnam. Melissa Dell, May 2015, Paper. “There has been a large divergence in economic prosperity between Northeast and Southeast Asia since the mid-20th century, and the governance organizations and norms of Asian societies plausibly help explain this divergence. This study examines the impacts of different historical governance norms on development using Vietnam as a laboratory. Northern Vietnam (Dai Viet) was ruled by a bureaucratic state inherited from China. It governed through a centralized, competitively selected bureaucracy, and the village was…Link

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What will revive U.S. economic growth? Lessons from a prototype industry-level production account for the United States

What will revive U.S. economic growth? Lessons from a prototype industry-level production account for the United States. Dale W. Jorgenson, April 2014, Paper. “The objective of this paper is to provide a new historical perspective on postwar US economic growth and consider the prospects for reviving growth in the future. For this purpose we have constructed a data set on the growth of output and productivity by industry for the period 1947–2010…” May require purchase or user account. Link

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State Capacity and Economic Development: A Network Approach

State Capacity and Economic Development: A Network Approach. James Robinson, January 8, 2014, Paper. “We study the direct and spillover effects of local state capacity using the network of Colombian municipalities. We model the determination of local and national state capacity as a network game in which each municipality, anticipating the choices and spillovers created by other municipalities and the decisions of the national government, invests in local state capacity and the national government chooses the presence of the national state across municipalities to maximize its own payoff. We then estimate the parameters...” Link

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Globalization, Structural Change, and Productivity Growth, with an Update on Africa

Globalization, Structural Change, and Productivity Growth, with an Update on Africa. Dani Rodrik, October 2013, Paper. “One of the earliest and most central insights of the literature on economic development is that development entails structural change. The countries that manage to pull out of poverty and get richer are those that are able to diversify away from agriculture and other traditional products. As labor and other resources move from agriculture into modern economic activities, overall productivity rises and incomes expand...” Link

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The building blocks of economic complexity

The building blocks of economic complexity. Ricardo Hausmann, June 28, 2009. “For Adam Smith, wealth was related to the division of labor. As people and firms specialize in different activities, economic efficiency increases, suggesting that development is associated with an increase in the number of individual activities and with the complexity that emerges from the interactions between them. Here we develop a view of economic growth and development that gives a central role to the complexity of a country’s economy by interpreting trade data as a bipartite network in which countries are connected to the products they export, and show…” Link

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