Understanding the Mechanisms of Economic Development - 副本

Understanding the Mechanisms of Economic Development - 副本

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時間:2019-07-22

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1、UnderstandingtheMechanismsofEconomicDevelopmentAngusDeatonAngusDeatonisDwightD.EisenhowerProfessorofInternationalAffairsandProfessorofEconomicsandInternationalAffairsattheWoodrowWilsonSchoolofPublicandInternationalAffairsandintheDepartmentofEconomics,PrincetonUniversity,Pr

2、inceton,NewJersey.Hise-mailaggressis.UnderstandingthemechanismsofeconomicdevelopmentAngusDeatonApril2010ABSTRACTIarguethatprogressinunderstandingeconomicdevelopment(asinotherbranchesofeconomics)mustcomefromtheinvestigationofmechanisms;theassociatedemp

3、iricalanalysiscanusefullyemployawiderangeofexperimentalandnon-experimentalmethods.Idiscussthreedifferentareasofresearch:thelife-cyclesavinghypothesisanditsimplicationthateconomicgrowthdriveshigherratesofnationalsaving,thetheoryofspeculativecommoditystorageanditsimplication

4、sforthetime-seriesbehaviorofcommodityprices,andtherelationshipbetweeneconomicgrowthandnutritionalimprovement.Noneoftheseprojectshasyetbeenentirelysuccessfulinofferingacoherentaccountoftheevidence,butallillustrateaprocessoftrialanderror,inwhichalthoughmechanismsareoftenreje

5、cted,unlikelytheoreticalpropositionsaresometimessurprisinglyverified,whileinallcasesthereisaprocessoflearningaboutandsubsequentlymodifyingourunderstandingoftheunderlyingmechanisms.Economicdevelopmentdiffersfrommostfieldsineconomicsbecausethestudyoflow-incomeeconomies,andof

6、peoplelivinginlow-incomeeconomies,drawsonallbranchesofeconomics.Theparticularstudyofeconomicgrowthisperhapsclosesttobeingafieldlikelabororhealtheconomics,butwhatiscurrentlyreferredtoasdevelopmenteconomicsisbroader,sothat,althoughmyexamplesinvolveimportantissuesineconomicde

7、velopment,myconclusionsapplymorebroadlytootherareasofappliedeconomics.Inanearlierpaper,Ihavearguedthatlearningaboutdevelopmentrequiresustoinvestigatemechanisms(Deaton,2009).Findingoutabouthowpeopleinlow-incomecountriescananddoescapefrompovertyisunlikelytocomefromtheempiric

8、alevaluationofactualprojectsorprograms,whetherthroughrandomizedtrialsoreconometricmethods

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