Jean-Marie Baland - The Handbook of Economic Development and Institutions
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The definitive reference on the most current economics of development and institutions
The essential role that institutions play in understanding economic development has long been recognized across the social sciences, including in economics. Academic and policy interest in this subject has never been higher. The Handbook of Economic Development and Institutions is the first to bring together in one single volume the most cutting-edge work in this area by the best-known international economists. The volumes editors, themselves leading scholars in the discipline, provide a comprehensive introduction, and the stellar contributors offer up-to-date analysis into institutional change and its interactions with the dynamics of economic development.
This book focuses on three critical issues: the definitions of institutions in order to argue for a causal link to development, the complex interplay between formal and informal institutions, and the evolution and coevolution of institutions and their interactions with the political economy of development. Topics examined include 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 chaptercovering the frontier research in its area and pointing to new areas of researchis the product of extensive workshopping on the part of the contributors.
The definitive reference work on this topic, The Handbook of Economic Development and Institutions will be essential for academics, researchers, and professionals working in the field.
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HANDBOOK
ECONOMIC
DEVELOPMENT
INSTITUTIONS
HANDBOOK
ECONOMIC
DEVELOPMENT
INSTITUTIONS
EDITED BY
Jean-Marie Baland,
Franois Bourguignon,
Jean-Philippe Platteau,
and Thierry Verdier
PRINCETON UNIVERSITY PRESS
PRINCETON AND OXFORD
Copyright 2020 by Princeton University Press
Published by Princeton University Press
41 William Street, Princeton, New Jersey 08540
6 Oxford Street, Woodstock, Oxfordshire OX20 1TR
press.princeton.edu
All Rights Reserved
Version 1.0
Jacket art courtesy of Shutterstock
Library of Congress Cataloging-in-Publication Data
Names: Bourguignon, Franois, author. | Platteau, J. P. (Jean-Philippe), 1947 author. | Baland, Jean-Marie, author.
Title: The handbook of economic development and institutions / Franois Bourguignon, Jean-Philippe Platteau, Jean-Marie Baland.
Description: Princeton : Princeton University Press, [2020]
Identifiers: LCCN 2019020148 | ISBN 9780691191218 (hardcover) | eISBN 9780691192017
Subjects: LCSH: Economic developmentPolitical aspects. | EconomicsSociological aspects. | Economic policy.
Classification: LCC HD87 .B687 2020 | DDC 338.9dc23
LC record available at https://lccn.loc.gov/2019020148
British Library Cataloging-in-Publication Data is available
This Handbook is the result of work funded under the Economic Development and Institutions research programme. Oxford Policy Management (OPM) was appointed by the UK Department for International Development to deliver this programme, which aims to produce a body of evidence and insights into what practicable actions produce institutional changes that improve economic outcomes and increase growth. The consortium is led by OPM and includes the Paris School of Economics, University of Namur, and Aide la Dcision conomique.
This project was funded with UK aid from the UK government.
- Jean-Marie Baland, Franois Bourguignon, Jean-Philippe Platteau, and Thierry Verdier
- Ernesto Dal B and Frederico Finan
- Pranab Bardhan and Dilip Mookherjee
- Ragnar Torvik
- Rohini Somanathan
- Debraj Ray and Joan Esteban
- Steven N. Durlauf
- Thorsten Beck
- Jaime de Melo and Marcelo Olarreaga
- Franois Bourguignon and Jan Willem Gunning
- Kaivan Munshi
- Marcel Fafchamps
- Gerard Roland
- Catherine Guirkinger and Jean-Philippe Platteau
- Stephan Klasen
- Imran Rasul
- Meghana Ayyagari, Asli Demirg-Kunt, and Vojislav Maksimovic
- Antonio Estache
- Tessa Bold and Jakob Svensson
- Eliana la Ferrara
- E. Somanathan
Meghana Ayyagari
George Washington University, School of Business
Jean-Marie Baland
Center for Research in Economic Development
University of Namur, Department of Economics
Pranab Bardhan
University of California, Berkeley, Department of Economics
Thorsten Beck
Cass Business School, City, University of London
Tessa Bold
Stockholm University, Institute for International Economic Studies
Franois Bourguignon
Paris School of Economics
Ernesto Dal B
University of California, Berkeley, Department of Economics
Jaime de Melo
International Centre for Trade and Sustainable Development
University of Geneva, School of Economics and Management
Asli Demirg-Kunt
The World Bank
Steven N. Durlauf
Harris School of Public Policy
University of Chicago, Department of Economics
Antonio Estache
ECARES, Universit libre de Bruxelles
Joan Esteban
Insitut dAnalisi Economica
Barcelona GSE
International Economic Association
Marcel Fafchamps
Stanford University, Department of Economics
Frederico Finan
University of California, Berkeley, Department of Economics
Catherine Guirkinger
Centre for Research in Economic Development
University of Namur, Department of Economics
Jan Willem Gunning
Vrije Universiteit Amsterdam, Department of Economics
Stephan Klasen
University of Gttingen, Department of Economics
Eliana La Ferrara
Bocconi University, Department of Economics
Laboratory for Effective Anti-Poverty Policies
Vojislav Maksimovic
Robert H. Smith School of Business
Dilip Mookherjee
Boston University, Department of Economics
Kaivan Munshi
University of Cambridge, Department of Economics
Marcelo Olarreaga
University of Geneva, School of Economics and Management
World Trade Institute
Jean-Philippe Platteau
Centre for Research in Economic Development
University of Namur, Department of Economics
Imran Rasul
University College London, Department of Economics
Centre for the Microeconomic Analysis of Public Policy at the Institute for Fiscal Studies
International Growth Centre
Debraj Ray
New York University, Department of Economics
Gerard Roland
University of California, Berkeley, Department of Econmics
Centre for Economic Policy Research
National Bureau of Economic Research
E. Somanathan
Indian Statistical Institute, the Economics and Planning Unit
Rohini Somanathan
Delhi School of Economics, Department of Economics
Jakob Svensson
Stockholm University, Institute for International Economic Studies
Centre for Economic Policy Research
Ragnar Torvik
Norwegian University of Science and Technology, Department of Economics
Thierry Verdier
Paris School of Economics
HANDBOOK
ECONOMIC
DEVELOPMENT
INSTITUTIONS
An Introduction
Jean-Marie Baland, Franois Bourguignon, Jean-Philippe Platteau, and Thierry Verdier
In recent decades, economists have increasingly emphasized the importance of institutions as a fundamental factor for economic growth and development. Starting with the influential work of Acemoglu et al. (2001, 2005), an abundant literature in economic and political sciences has investigated theoretically and empirically the impact of institutions on some aggregate developmental outcomes (mostly GDP per capita or growth, but sometimes other outcomes such as health, education, or political rights). The findings of this literature have been of critical importance for development economists and policy practitioners because they suggest that institutional quality may be an important determinant of the persistence of poverty and low developmental outcomes in the world.
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