Evaluating Recipes for Development Success

Posted: 16 Jun 2008

See all articles by Avinash Dixit

Avinash Dixit

Princeton University - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute)

Multiple version iconThere are 2 versions of this paper

Date Written: Fall 2007

Abstract

This article offers a provocative critique of the ability of research on the impact of institutions on growth to offer immediate and practical recommendations for reforming and redesigning institutions in developing countries and transition economies. The literature traces the sources of growth to unalterable historical and geographic features. It contains equally plausible recommendations for opposite courses of action. It is sometimes driven by fads or recommends imitation of the latest success story. Some recommendations are too vague or too general to constitute practical advice. The article suggests a Bayesian diagnostic procedure to identify the causes of economic failure in an individual country as a first step toward remedying the failure.

Keywords: O43, O17, O20, P30, P48

Suggested Citation

Dixit, Avinash K., Evaluating Recipes for Development Success (Fall 2007). The World Bank Research Observer, Vol. 22, No. 2, pp. 131-157, 2007, Available at SSRN: https://ssrn.com/abstract=1146333 or http://dx.doi.org/lkm005

Avinash K. Dixit (Contact Author)

Princeton University - Department of Economics ( email )

Princeton, NJ 08544-1021
United States
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609-258-6419 (Fax)

CESifo (Center for Economic Studies and Ifo Institute)

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Germany

HOME PAGE: http://www.CESifo.de

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