Four scenarios of development and the role of economic policy

Carmignani, Fabrizio and Chowdhury, Abdur (2011) Four scenarios of development and the role of economic policy. Journal of Development Studies, 47 3: 519-532. doi:10.1080/00220388.2010.506920


Author Carmignani, Fabrizio
Chowdhury, Abdur
Title Four scenarios of development and the role of economic policy
Journal name Journal of Development Studies   Check publisher's open access policy
ISSN 0022-0388
1743-9140
Publication date 2011
Sub-type Article (original research)
DOI 10.1080/00220388.2010.506920
Volume 47
Issue 3
Start page 519
End page 532
Total pages 14
Place of publication Milton Park, Abingdon, Oxon, U.K.
Publisher Routledge
Collection year 2012
Language eng
Formatted abstract
We ask which economic policies can help a country create the most favourable conditions for development. We observe that the dynamics of several development indicators can be grouped into four clusters, each cluster corresponding to a different combination of growth and changes in inequality. Based on this observation, we define four different development scenarios and use limited dependent variable regressions to study how structural and policy factors affect a country's probability to achieve the most (or the least) favourable of these scenarios. Our results point to a comforting picture: through the choice of appropriate policies countries can effectively increase their chances to achieve the most favourable development scenario.
Keyword Growth
Inequality
Institutions
Determinants
Government
Countries
Mortality
Quality
Primacy
Poor
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2012 Collection
School of Economics Publications
 
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Created: Mon, 24 Oct 2011, 10:55:17 EST by Alys Hohnen on behalf of School of Economics