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Institutional Microeconomics of Development Timothy Besley

Institutional Microeconomics of Development

Timothy Besley

Published August 6th 2010
ISBN : 9780262014069
Hardcover
250 pages
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 About the Book 

The narrative of development economics is now infused with discussions of institutions. Economists debate whether institutions--or other factors altogether (geography, culture, or religion)--are central to development. In this volume, leadingMoreThe narrative of development economics is now infused with discussions of institutions. Economists debate whether institutions--or other factors altogether (geography, culture, or religion)--are central to development. In this volume, leading scholars in development economics view institutions from a microeconomic perspective, offering both theoretical overviews and empirical analyses spanning three continents. After substantial introductory chapters by Pranab Bardhan and Marcel Fafchamps, two scholars who have published important work on this topic, each of the remaining chapters examines a particular set of institutions in a unique setting. These chapters treat the effects of Angolas violent conflict on that countrys development- institutional accountability in Uganda- the effect of Indonesias ethnic diversity on the distribution of public goods- the impact of trade liberalization on Indias investment climate- extended family networks in Mexico- and a microeconomic perspective on land rights in Ethiopia. The chapters demonstrate the remarkable heterogeneity of institutions--policy change is mediated through local market institutions, government institutions, and families--as well as the empirical and methodological ingenuity of current research into this crucial topic. Contributors Manuela Angelucci, Oriana Bandiera, Pranab Bardhan, Timothy Besley, Martina Bjorkman, Robin Burgess, Giacomo De Giorgi, Stefan Dercon, Marcel Fafchamps, Rajshri Jayaraman, Pramila Krishnan, Eliana La Ferrara, Gilat Levy, Marcos A. Rangel, Imram Rasul, Ritva Reinikka, Jakob Svensson