Abstract

http://ssrn.com/abstract=1593824
 
 

References (36)



 
 

Citations (4)



 


 



Theory, General Equilibrium and Political Economy in Development Economics


Daron Acemoglu


Massachusetts Institute of Technology (MIT) - Department of Economics; Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)

January 30, 2010

MIT Department of Economics Working Paper No. 10-06

Abstract:     
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.

Number of Pages in PDF File: 26

Keywords: economic development, economic theory, methodology of economics, political

JEL Classification: O10, O12, B41, D50, P48

working papers series


Download This Paper

Date posted: April 22, 2010  

Suggested Citation

Acemoglu, Daron, Theory, General Equilibrium and Political Economy in Development Economics (January 30, 2010). MIT Department of Economics Working Paper No. 10-06. Available at SSRN: http://ssrn.com/abstract=1593824 or http://dx.doi.org/10.2139/ssrn.1593824

Contact Information

Daron Acemoglu (Contact Author)
Massachusetts Institute of Technology (MIT) - Department of Economics ( email )
50 Memorial Drive
Room E52-380b
Cambridge, MA 02142
United States
617-253-1927 (Phone)
617-253-1330 (Fax)
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Feedback to SSRN


Paper statistics
Abstract Views: 1,201
Downloads: 359
Download Rank: 38,375
References:  36
Citations:  4

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.266 seconds