Theory, General Equilibrium, and Political Economy in Development Economics

被引:81
作者
Acemoglu, Daron [1 ]
机构
[1] MIT, 77 Massachusetts Ave, Cambridge, MA 02139 USA
关键词
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; HEALTH; RETURNS; DISEASE;
D O I
10.1257/jep.24.3.17
中图分类号
F [经济];
学科分类号
02 ;
摘要
[No abstract available]
引用
收藏
页码:17 / 32
页数:16
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