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- W1796901217 abstract "Publisher Summary This chapter presents an introduction to the handbook on development economics, Part 2. Development economics has evolved through the interaction between theoretical inquiry and empirical studies. Two areas of interaction—one macro and the other micro—have proven quite fruitful, and have led to continuing programs of research. The first involves the study of changes in economic structure that typically accompany growth during a given period or within a particular set of countries. The central features of what has been termed “structural transformation” are such economy-wide phenomena as industrialization, agricultural transformation, migration, and urbanization. All of these processes involve reciprocal interactions between rising income and changing proportions of demand and supply, and all are affected by macroeconomic and sectoral policies. The second empirical research program focuses more narrowly on behavior of individuals, households, and institutions as well as the various markets in which they are involved. In this “micro” or “household” approach, prices and markets play a central role and the neo-classical model provides a logical point of departure." @default.
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- W1796901217 date "1988-01-01" @default.
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- W1796901217 title "Introduction to part 2" @default.
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- W1796901217 doi "https://doi.org/10.1016/s1573-4471(88)80022-6" @default.
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