Theory, General Equilibrium and Political Economy in Development Economics /
Acemoglu, Daron.
Theory, General Equilibrium and Political Economy in Development Economics / Daron Acemoglu. - Cambridge, Mass. National Bureau of Economic Research 2010. - 1 online resource: illustrations (black and white); - NBER working paper series no. w15944 . - Working Paper Series (National Bureau of Economic Research) no. w15944. .
April 2010.
I discuss the role of economic theory in empirical work in development economics with special emphasis on general equilibrium and political economy considerations. I argue that economic theory plays (should play) a central role in formulating models, estimates of which can be used for counterfactual and policy analysis. I discuss why counterfactual analysis based on microdata that ignores general equilibrium and political economy issues may lead to misleading conclusions. I illustrate the main arguments using examples from recent work in development economics and political economy.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Theory, General Equilibrium and Political Economy in Development Economics / Daron Acemoglu. - Cambridge, Mass. National Bureau of Economic Research 2010. - 1 online resource: illustrations (black and white); - NBER working paper series no. w15944 . - Working Paper Series (National Bureau of Economic Research) no. w15944. .
April 2010.
I discuss the role of economic theory in empirical work in development economics with special emphasis on general equilibrium and political economy considerations. I argue that economic theory plays (should play) a central role in formulating models, estimates of which can be used for counterfactual and policy analysis. I discuss why counterfactual analysis based on microdata that ignores general equilibrium and political economy issues may lead to misleading conclusions. I illustrate the main arguments using examples from recent work in development economics and political economy.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.