The Handbook of Economic Development and Institutions

The Handbook of Economic Development and Institutions PDF Author: Jean-Marie Baland
Publisher: Princeton University Press
ISBN: 0691191212
Category : Business & Economics
Languages : en
Pages : 786

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Book Description
"The essential role institutions play in understanding economic development has long been recognised and has been closely studied across the social sciences but some of the most high profile work has been done by economists many of whom are included in this collection covering a wide range of topics including the relationship between institutions and growth, educational systems, the role of the media and the intersection between traditional systems of patronage and political institutions. Each chapter covers the frontier research in its area and points to new areas of research and is the product of extensive workshopping and editing. The editors have also written an excellent introduction which brings together the key themes of the handbook. The list of contributors is stellar (Steven Durlauf, Throsten Beck, Bob Allen,and includes a diverse mix of Western and non Western, male and female scholars)"

The Handbook of Economic Development and Institutions

The Handbook of Economic Development and Institutions PDF Author: Jean-Marie Baland
Publisher: Princeton University Press
ISBN: 0691191212
Category : Business & Economics
Languages : en
Pages : 786

Get Book Here

Book Description
"The essential role institutions play in understanding economic development has long been recognised and has been closely studied across the social sciences but some of the most high profile work has been done by economists many of whom are included in this collection covering a wide range of topics including the relationship between institutions and growth, educational systems, the role of the media and the intersection between traditional systems of patronage and political institutions. Each chapter covers the frontier research in its area and points to new areas of research and is the product of extensive workshopping and editing. The editors have also written an excellent introduction which brings together the key themes of the handbook. The list of contributors is stellar (Steven Durlauf, Throsten Beck, Bob Allen,and includes a diverse mix of Western and non Western, male and female scholars)"

The Origins and Development of Financial Markets and Institutions

The Origins and Development of Financial Markets and Institutions PDF Author: Jeremy Atack
Publisher: Cambridge University Press
ISBN: 1139477048
Category : Business & Economics
Languages : en
Pages : 497

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Book Description
Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians.

Building Institutions for Markets

Building Institutions for Markets PDF Author: World Bank
Publisher: World Bank Publications
ISBN: 9780195216073
Category : Business & Economics
Languages : en
Pages : 196

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Book Description
"Institutions fix the confines of and impose form upon the activities of human beings."-Walton Hamilton, 'Institutions', 1932.The 'World Development Report 2002: Building Institutions for Markets' undertakes the complex issue of the basic institutions needed for markets to function properly. This year's 'World Development Report' goes beyond a simple examination of institutional structure and explores the functions of institutions. Recognizing that one size does not fit all, the report asks what do all institutions which support markets do?The answer is simple: Institutions channel information, define and enforce property rights, and increase or prevent competition. Understanding the functions that current institutions and their proposed replacements would provide is the first step. The report contends that once you have identified the institutional functions that are missing, you can then build effective institutions by following some basic principles:- Complement what exists already - in terms of other supporting institutions, human capacities, and technology.- Innovate to suit local norms and conditions. Experimenting with new structures can provide a country with creative solutions that work.- Connect communities of market players through open information flows and open trade. Open trade and information flows create demand for new institutions and improve the functioning of existing structures.- Compete among jurisdictions, firms, and individuals. Increased competition creates demand for new institutions as old ones lose their effectiveness. It also affects how people behave - improving institutional quality.These broad lessons and careful analyses, which links theory with pertinent evidence, are provided in the report. 'World Development Report 2002: Building Institutions for Markets' contains selected 'World Development Indicators'.

Development economics between markets and institutions

Development economics between markets and institutions PDF Author: Erwin Bulte
Publisher: BRILL
ISBN: 9086866182
Category : Business & Economics
Languages : en
Pages : 447

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Book Description
"This volume in the Mansholt series presents state of the art discussions on a wide variety of topics in the field of (agricultural) development. More than 20 chapters have been prepared by internationally known scholars and policy analysts, providing a concise overview of a variety of recent debates in development economics. While the background of most contributors is in economic science, the chapters are prepared so that they feed into ongoing policy discussions and are accessible to a wide readership. The contributions in this volume are organized around five themes: prospects for rural poverty alleviation, sustainable management of natural resources, strategies for enhancing food security, markets and the role of the state, and institutions and governance. It is obvious there are many links between these themes, and indeed the integration between them is emphasized in various chapters. This book is prepared as a festschrift or Liber Amicorum for professor Arie Kuyvenhoven. His retirement from the Development Economics Group at Wageningen University, The Netherlands is a good opportunity to take stock of recent developments in the area of agricultural development economics. Therefore, in addition to being a valuable source of information for readers with an interest in development, this volume is also intended as a farewell gift: to Arie, from friends and colleagues."

Markets, Governance, and Institutions in the Process of Economic Development

Markets, Governance, and Institutions in the Process of Economic Development PDF Author: Ajit Mishra
Publisher: Oxford University Press
ISBN: 0198812558
Category : Business & Economics
Languages : en
Pages : 417

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Book Description
With contributions from past and present collaborators, this book celebrates the contributions of Kaushik Basu to development economics. It reflects on the issues of rent control, child labour, labour laws, harrassment, shared prosperity, and gender empowerment in the broader context of interactions between markets, governments, and institutions.

Money and Capital in Economic Development

Money and Capital in Economic Development PDF Author: Ronald I. McKinnon
Publisher: Brookings Institution Press
ISBN: 9780815718499
Category : Business & Economics
Languages : en
Pages : 204

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Book Description
This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.

Institutions, Social Norms and Economic Development

Institutions, Social Norms and Economic Development PDF Author: Jean-Philippe Platteau
Publisher: Routledge
ISBN: 1136600450
Category : Business & Economics
Languages : en
Pages : 409

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Book Description
In order for economic specialization to develop, it is important that well-defined property rights are established and that suspicion and fear of fraud do not pervade transactions. Such conditions cannot be created ex abrubto, but must somehow evolve. What needs to develop is not only suitable practices and rules themselves, but also the public agencies and moral environment without which generalized trust is difficult to establish. The cultural endowment of societies as they have developed over their particular histories is bound to play a major role in this regard, and the matter of cultual endowment is one of the central themes of this book. On the other hand, division of labour does not only require well-enforced property rights and trust in economic dealings. It is also critically conditioned by the thickness of economic space, itself dependent on population density. This provides the second major theme of the volume: market development, including the development of private property rights is not possible, or will remain very incomplete, if populations are thinly spread over large areas of land. The book makes special reference to sub-Saharan Africa.

Understanding Long-Run Economic Growth

Understanding Long-Run Economic Growth PDF Author: Dora L. Costa
Publisher: University of Chicago Press
ISBN: 0226116344
Category : Business & Economics
Languages : en
Pages : 400

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Book Description
The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. This book explores the relationship between economic conditions, growth, and inequality.

Institutions and Development

Institutions and Development PDF Author: M. M. Shirley
Publisher: Edward Elgar Publishing
ISBN: 1848443994
Category : Business & Economics
Languages : en
Pages : 241

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Book Description
Both economic research and the history of foreign aid suggest that the largest barriers to development arise from a society's institutions - its norms and rules. This book explains how institutions drive economic development. It provides numerous examples to illustrate the complex, interlocking, and persistent nature of real world rules and norms.

Financial Markets and Institutions

Financial Markets and Institutions PDF Author: Jakob de Haan
Publisher: Cambridge University Press
ISBN: 110702594X
Category : Business & Economics
Languages : en
Pages : 497

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Book Description
Second edition of a successful textbook that provides an insightful analysis of the world financial system.