This chapter presents a discussion on alternative approaches to development economics and focuses on the three major approaches that can be classified as neoclassical, Marxist, and structuralist-institutionalist. The chapter focuses on a few, highly selective, areas of enquiry with a brief,...

When government officials are involved in land transactions the scope for arbitrary decision making and corruption is large, and the land issue can turn into a political football among rival political parties

Intro -- Contents -- Series Foreword -- Contributors -- Introduction -- 1 Institutional Economics of Development -- 2 Spontaneous Markets, Networks, and Social Capital -- 3 Financial Markets and Conflict in the Developing World -- 4 Liberalization Meets Investment Climate -- 5 Local Democracy...

This paper examines the impact of declines in adult mortality on growth in an overlapping generations model. With public education and imperfect annuity markets, a decline in mortality affects growth through three channels. First, it raises the saving rate and thereby increases the rate of...