Development economics:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Princeton, NJ
Princeton Univ. Press
1998
|
| Subjects: | |
| Links: | http://www.loc.gov/catdir/toc/prin031/97033459.html http://www.loc.gov/catdir/description/prin021/97033459.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007878226&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007878226&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |
| Item Description: | Includes bibliographical references and index |
| Physical Description: | XVII, 848 S. graph. Darst. |
| ISBN: | 9780691017068 0691017069 |
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| 100 | 1 | |a Ray, Debraj |d 1957- |e Verfasser |0 (DE-588)128473835 |4 aut | |
| 245 | 1 | 0 | |a Development economics |c Debraj Ray |
| 264 | 1 | |a Princeton, NJ |b Princeton Univ. Press |c 1998 | |
| 300 | |a XVII, 848 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 500 | |a Includes bibliographical references and index | ||
| 650 | 4 | |a Development economics | |
| 650 | 0 | 7 | |a Entwicklungsökonomie |0 (DE-588)4213090-6 |2 gnd |9 rswk-swf |
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| 856 | 4 | |u http://www.loc.gov/catdir/toc/prin031/97033459.html |3 Table of contents | |
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| _version_ | 1821932650842030080 |
| adam_text | Contents
Preface
xv
Chapter
1:
Introduction
3
Chapter
2:
Economic Development: Overview
7
2.1.
Introduction
7
2.2.
Income and growth
10
2.2.1.
Measurement issues
10 · 2.2.2.
Historical experience
16
2.3.
Income distribution in developing countries
21
2.4.
The many faces of underdevelopment
25
2.4.1.
Human development
25 · 2.4.2.
An index of human
development
27 · 2.4.3.
Per capita income and human development
29
2.5.
Some structural features
33
2.5.1.
Demographic characteristics
34 · 2.5.2.
Occupational and
production structure
34 · 2.5.3.
Rapid rural-urban migration
36 ·
2.5.4.
International trade
38
2.6.
Summary
42
Exercises
44
Chapter
3:
Economic Growth
47
3.1.
Introduction
47
3.2.
Modern economic growth: Basic features
48
3.3.
Theories of economic growth
51
3.3.1.
The Harrod-Domar model
51 · 3.3.2.
Beyond Harrod-Domar:
Other considerations
58 · 3.3.3.
The Solow model
64
3.4.
Technical progress
71
3.5.
Convergence?
74
3.5.1.
Introduction
74 · 3.5.2.
Unconditional convergence
74 ·
3.5.3.
Unconditional convergence: Evidence or lack thereof
75 ·
3.5.4.
Unconditional convergence: A summary
80 · 3.5.5.
Conditional
convergence
82 · 3.5.6.
Reexamining the data
84
3.6.
Summary
88
Appendix
90
З.А.1.
The Harrod-Domar
equations
90 ·
3.A.2.
Production functions
and per capita magnitudes
91
Exercises
94
Chapter
4:
The New Growth Theories
99
4.1.
Introduction
99
4.2.
Human capital and growth
100
4.3.
Another look at conditional convergence
105
4.4.
Technical progress again
107
4.4.1.
Introduction
107 · 4.4.2.
Technological progress and human
decisions
108 · 4.4.3.
A model of deliberate technical progress
109 ·
4.4.4.
Externalities, technical progress, and growth
112 · 4.4.5.
Total
factor productivity
117
4.5.
Total factor productivity and the East Asian miracle
119
4.6.
Summary
123
Appendix: Human capital and growth
125
Exercises
126
Chapter
5:
History, Expectations,
and Development
131
5.1.
Introduction
131
5.2.
Complementarities
132
5.2.1.
Introduction: QWERTY
132 · 5.2.2.
Coordination failure
136 ·
5.2.3.
Linkages and policy
138 · 5.2.4.
History versus expectations
143
5.3.
Increasing returns
147
5.3.1.
Introduction
147 · 5.3.2.
Increasing returns and entry into
markets
148 · 5.3.3.
Increasing returns and market size: Interaction
150
5.4.
Competition, multiplicity, and international trade
152
5.5.
Other roles for history
155
5.5.1.
Social norms
155 · 5.5.2.
The status quo
156
5.6.
Summary
159
Exercises
161
Chapter
6:
Economic Inequality
169
6.1.
Introduction
169
6.2.
What is economic inequality?
170
6.2.1.
The context
170 · 6.2.2.
Economic inequality: Preliminary
observations
171
6.3.
Measuring economic inequality
173
6.3.1.
Introduction
173 · 6.3.2.
Four criteria for inequality
measurement
174 · 6.3.3.
The
Lorenz
curve
178 · 6.3.4.
Complete
measures of inequality
184
6.4.
Summary
192
Exercises
193
Chapter
7:
Inequality and Development:
Interconnections
197
7.1.
Introduction
197
7.2.
Inequality, income, and growth
199
7.2.1.
The inverted-U hypothesis
199 · 7.2.2.
Testing the inverted-U
hypothesis
201 · 7.2.3.
Income and inequality: Uneven and
compensatory changes
209 · 7.2.4.
Inequality, savings, income, and
growth
211 · 7.2.5.
Inequality, political redistribution, and growth
218 ·
7.2.6.
Inequality and growth: Evidence
220 · 7.2.7.
Inequality and
demand composition
223 · 7.2.8.
Inequality, capital markets, and
development
226 · 7.2.9.
Inequality and development: Human
capital
237
7.3.
Summary
238
Appendix: Multiple steady states with imperfect capital
markets
241
Exercises
244
Chapter
8:
Poverty and Undernutrition
249
8.1.
Introduction
249
8.2.
Poverty: First principles
250
8.2.1.
Conceptual issues
250 · 8.2.2.
Poverty measures
253
8.3.
Poverty: Empirical observations
256
8.3.1.
Demographic features
257 · 8.3.2.
Rural and urban poverty
259 ·
8.3.3.
Assets
259 · 8.3.4.
Nutrition
261
8.4.
The functional impact of poverty
267
8.4.1.
Poverty, credit, and insurance
268 · 8.4.2.
Poverty, nutrition, and
labor markets
272 · 8.4.3.
Poverty and the household
279
8.5.
Summary
288
Appendix: More on poverty measures
290
Exercises
292
Chapter
9:
Population Growth and
Economic Development
295
9.1.
Introduction
295
9.2.
Population: Some basic concepts
297
9.2.1.
Birth and death rates
297 · 9.2.2.
Age distributions
300
9.3.
From economic development to population growth
302
9.3.1.
The demographic transition
302 · 9.3.2.
Historical trends in
developed and developing countries
303 · 9.3.3.
The adjustment of
birth rates
307 · 9.3.4.
Is fertility too high?
318
9.4.
From population growth to economic development
326
9.4.1.
Some negative effects
326 · 9.4.2.
Some positive effects
332
9.5.
Summary
338
Exercises
340
Chapter
10:
Rural and Urban
345
10.1.
Overview
345
10.1.1.
The structural viewpoint
345 · 10.1.2.
Formal and informal
urban sectors
346 · 10.1.3.
Agriculture
348 · 10.1.4.
The ICRISAT
villages
349
10.2.
Rural-urban interaction
353
10.2.1.
Two fundamental resource flows
353 · 10.2.2.
The Lewis
model
353
10.3.
Rural-urban migration
372
10.3.1.
Introduction
372 · 10.3.2.
The basic model
373 · 10.3.3.
Floors
on formal wages and the Harris-Todaro equilibrium
374 ·
10.3.4.
Government policy
379 · 10.3.5.
Comments and extensions
386
10.4.
Summary
395
Exercises
398
Chapter
11:
Markets in Agriculture:
An Introduction
403
11.1.
Introduction
403
11.2.
Some examples
404
11.3.
Land, labor, capital, and credit
409
11.3.1.
Land and labor
409 · 11.3.2.
Capital and credit
412
Chapter
12:
Land
415
12.1.
Introduction
415
12.2.
Ownership and tenancy
416
12.3.
Land rental contracts
420
12.3.1.
Contractual forms
420 · 12.3.2.
Contracts and incentives
423 ·
12.3.3.
Risk, tenancy, and sharecropping
431 · 12.3.4.
Forms of
tenancy: Other considerations
436 · 12.3.5.
Land contracts, eviction,
and use rights
441
12.4.
Land ownership
445
12.4.1.
A brief history of land inequality
445 · 12.4.2.
Land size and
productivity: Concepts
446 · 12.4.3.
Land size and productivity:
Empirical evidence
453 · 12.4.4.
Land sales
456 · 12.4.5.
Land
reform
457
12.5.
Summary
462
Appendix 1:
Principal-agent theory and applications
463
12.A.1. Risk, moral hazard, and the agency problem
463 ·
12.A.2. Tenancy contracts revisited
466
Appendix
2:
Screening and sharecropping
474
Exercises
478
Chapter
13:
Labor
483
13.1.
Introduction
483
13.2.
Labor categories
484
13.3.
A familiar model
486
13.4.
Poverty, nutrition, and labor markets
489
13.4.1.
The basic model
489 · 13.4.2.
Nutrition, time, and casual labor
markets
499 · 13.4.3.
A model of nutritional status
500
13.5.
Permanent labor markets
504
13.5.1.
Types of permanent labor
504 · 13.5.2.
Why study permanent
labor?
505 · 13.5.3.
Permanent labor: Nonmonitored tasks
507 ·
13.5.4.
Permanent labor: Casual tasks
515
13.6.
Summary
522
Exercises
524
Chapter
14:
Credit
529
14.1.
Introduction
529
14.1.1.
The limits to credit and insurance
529 · 14.1.2.
Sources of
demand for credit
531
14.2.
Rural credit markets
532
14.2.1.
Who provides rural credit?
532 · 14.2.2.
Some characteristics
of rural credit markets
540
14.3.
Theories of informal credit markets
543
14.3.1.
Lender s monopoly
543 · 14.3.2.
The lender s risk
hypothesis
544 · 14.3.3.
Default and fixed-capital loans
545 ·
14.3.4.
Default and collateral
546 · 14.3.5.
Default and credit
rationing
548 · 14.3.6.
Informational asymmetries and credit
rationing
553 · 14.3.7.
Default and enforcement
555
14.4.
Interlinked transactions
561
14.4.1.
Hidden interest
563 · 14.4.2.
Interlinkages and
information
564 · 14.4.3.
Interlinkages and enforcement
564 ·
14.4.4.
Interlinkages and creation of efficient surplus
565
14.5.
Alternative credit policies
572
14.5.1.
Vertical formal-informal links
573 · 14.5.2.
Microfinance
578
14.6.
Summary
584
Exercises
586
Chapter
15:
Insurance
591
15.1.
Basic concepts
591
15.2.
The perfect insurance model
596
15.2.1.
Theory
596 · 15.2.2.
Testing the theory
597
15.3.
Limits to insurance: Information
600
15.3.1.
Limited information about the final outcome
601 ·
15.3.2.
Limited information about what led to the outcome
602
15.4.
Limits to insurance: Enforcement
605
15.4.1.
Enforcement-based limits to perfect insurance
606 ·
15.4.2.
Enforcement and imperfect insurance
608
15.5.
Summary
615
Exercises
617
Chapter
16:
International Trade
621
16.1.
World trading patterns
621
16.2.
Comparative advantage
627
16.3.
Sources of comparative advantage
630
16.3.1.
Technology
630 · 16.3.2.
Factor endowments
631 ·
16.3.3.
Preferences
636 · 16.3.4.
Economies of scale
638
16.4.
Summary
643
Exercises
644
Chapter
17:
Trade Policy
647
17.1.
Gains from trade?
647
17.1.1.
Overall gains and distributive effects
647 · 17.1.2.
Overall
losses from trade?
650
17.2.
Trade policy: Import substitution
656
17.2.1.
Basic concepts
657 · 17.2.2.
More detail
660
17.3.
Export promotion
676
17.3.1.
Basic concepts
677 · 17.3.2.
Effect on the exchange rate
678 ·
17.3.3.
The instruments of export promotion: More detail
679
17.4.
The move away from import substitution
684
17.4.1.
Introduction
684 · 17.4.2.
The eighties crisis
685 ·
17.4.3.
Structural adjustment
690
17.5.
Summary
699
Appendix: The International Monetary Fund and the World
Bank
701
Exercises
705
Chapter
18:
Multilateral Approaches
to Trade Policy
711
18.1.
Introduction
711
18.2.
Restricted trade
714
18.2.1.
Second-best arguments for protection
714 · 18.2.2.
Protectionist
tendencies
715 · 18.2.3.
Explaining protectionist tendencies
717
18.3.
Issues in trade liberalization
725
18.3.1.
Introduction
725 · 18.3.2.
Regional agreements: Basic
theory
727 · 18.3.3.
Regional agreements among dissimilar
countries
730 · 18.3.4.
Regional agreements among similar
countries
735 · 18.3.5.
Multilateralism and regionalism
746
18.4.
Summary
753
Exercises
755
Appendix
1:
Elementary Game Theory
757
Al.l. Introduction
757
Al
.2.
Basic concepts
757
A1.3. Nash equilibrium
759
Al
.4.
Games over time
767
Appendix
2:
Elementary Statistical Methods 111
A2.1. Introduction
777
Al.l. Summary statistics
778
A2.3. Regression
783
References
805
Author Index
829
Subject Index
835
Development
Economies
Debraj
Ray
The study of development in low-income
countries is attracting more attention around
the world than ever before. Yet until now
there has been no comprehensive text that
incorporates the huge strides made in the
subject over the past decade. Development
Economics does precisely that in a clear,
rigorous, and elegant fashion.
Debraj Ray, one of the most accomplished
theorists in development economics today,
presents in this book a synthesis of recent
and older literature in the field and raises
important questions that will help to set the
agenda for future research. He covers such
vital subjects as theories of economic growth,
economic inequality, poverty and undernu-
trition, population growth, trade policy, and
the markets for land, labor, and credit. A
common point of view underlies the treat¬
ment of these subjects: that much of the
development process can be understood by
studying factors that impede the efficient
and equitable functioning of markets. Di¬
verse topics such as the new growth theory,
moral hazard in land contracts, information-
based theories of credit markets, and the
macroeconomic
implications of economic
inequality come under this common meth¬
odological umbrella.
The book takes the position that there is
no single cause for economic progress, but
that a combination of factors—among them
the improvement of physical and human
capital, the reduction of inequality, and
institutions that enable the background
(continued on back flap)
(continued fro
m
front flap)
flow of information essential to market
performance—consistently favor develop¬
ment Ray supports his arguments throughout
with examples from around the world. The
book assumes a knowledge of only introduc¬
tory economics and explains sophisticated
concepts in simple, direct language, keeping
the use of mathematics to a minimum.
Development Economics will be the defini¬
tive textbook in this subject for years to
come. It will prove useful to researchers by
showing intriguing connections among a
wide variety of subjects that are rarely dis¬
cussed together in the same book. And it
will be an important resource for policy¬
makers, who increasingly find themselves
dealing with complex issues of growth, in¬
equality, poverty, and social welfare.
Debraj Ray is Professor of Economics at
Boston University.
|
| any_adam_object | 1 |
| author | Ray, Debraj 1957- |
| author_GND | (DE-588)128473835 |
| author_facet | Ray, Debraj 1957- |
| author_role | aut |
| author_sort | Ray, Debraj 1957- |
| author_variant | d r dr |
| building | Verbundindex |
| bvnumber | BV011684695 |
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| callnumber-label | HD75 |
| callnumber-raw | HD75.R39 1998 |
| callnumber-search | HD75.R39 1998 |
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| callnumber-subject | HD - Industries, Land Use, Labor |
| classification_rvk | QC 340 QC 347 RB 10918 ZB 55000 ZB 61000 |
| classification_tum | WIR 005f WIR 100f |
| ctrlnum | (OCoLC)263662310 (DE-599)BVBBV011684695 |
| dewey-full | 338.921 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.9 21 |
| dewey-search | 338.9 21 |
| dewey-sort | 3338.9 221 |
| dewey-tens | 330 - Economics |
| discipline | Agrar-/Forst-/Ernährungs-/Haushaltswissenschaft / Gartenbau Wirtschaftswissenschaften Geographie |
| format | Book |
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| id | DE-604.BV011684695 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T10:16:52Z |
| institution | BVB |
| isbn | 9780691017068 0691017069 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007878226 |
| oclc_num | 263662310 |
| open_access_boolean | |
| owner | DE-355 DE-BY-UBR DE-19 DE-BY-UBM DE-12 DE-473 DE-BY-UBG DE-384 DE-703 DE-M468 DE-91 DE-BY-TUM DE-521 DE-523 DE-634 DE-M382 DE-83 DE-11 DE-2070s DE-N2 DE-188 DE-Re13 DE-BY-UBR DE-739 DE-29 DE-945 DE-1049 |
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| physical | XVII, 848 S. graph. Darst. |
| publishDate | 1998 |
| publishDateSearch | 1998 |
| publishDateSort | 1998 |
| publisher | Princeton Univ. Press |
| record_format | marc |
| spellingShingle | Ray, Debraj 1957- Development economics Development economics Entwicklungsökonomie (DE-588)4213090-6 gnd |
| subject_GND | (DE-588)4213090-6 |
| title | Development economics |
| title_auth | Development economics |
| title_exact_search | Development economics |
| title_full | Development economics Debraj Ray |
| title_fullStr | Development economics Debraj Ray |
| title_full_unstemmed | Development economics Debraj Ray |
| title_short | Development economics |
| title_sort | development economics |
| topic | Development economics Entwicklungsökonomie (DE-588)4213090-6 gnd |
| topic_facet | Development economics Entwicklungsökonomie |
| url | http://www.loc.gov/catdir/toc/prin031/97033459.html http://www.loc.gov/catdir/description/prin021/97033459.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007878226&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007878226&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT raydebraj developmenteconomics |
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| Copy 1 | Available for loan Ausgeliehen – Due: 31.12.9999 |
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