Theory, General Equilibrium, and Political Economy in Development Economics
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...
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| Format: | Article |
| Language: | English |
| Published: |
American Economic Association,
2011-03-17T19:40:04Z.
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| Online Access: | Get fulltext |