4915: Development Economics, spring 2009

Modified 23 Mar 09.

Halvor Mehlum, halvor.mehlum@econ.uio.no
Room 1028, meeting hours Thursday 10.00-11.00

HOME PAGE: http://www.uio.no/studier/emner/sv/oekonomi/ECON4915

LECTURES: Tuesday 12.15 - 14.00 , Auditorium 4

Lecture Jan 13: Topic D. Krugman “Trade accumulation and uneven development”.

Lecture Jan 20: Topic D. Krugman “Trade accumulation and uneven development”. Krugman handout and first seminar

Lecture Jan 26: Topic D: Kremer: O-ring and Murphy, Shleifer and Vishny: Big-Push, (see handout 1 and handout 2).

Lecture Feb 3: Topic F. K. Moene will among other discuss "How Corruption May Corrupt"

Lecture Feb 10: Topic D: D: Kremer: O-ring and Topic E: Rodrik: Policy Uncertainty and Private Investments

Lecture Feb 17: No lecture:

Lecture Feb 24: Topic F. “Parasites”

Lecture Mar 3 Topic C: Duality and migration

Lecture March 10, Topic C: Duality and migration. Financial crisis and exports downturn in China. and F: “Fighting against the odds”

Lecture March 17, Topic B: Rural institutions. Land, credit, and insurance markets. In particular B&U ch 7.

Lecture March 24 Topic B: Credit rationing from B&U ch 7 + Sharecropping B&U ch 6 (sec I and II).


Lecture March 31: No lecture (for some reason)


Lecture April 7: No lecture Easter


Lecture April 14: 20 minutes sharecropping prepare by reading a few pages from Basu,. The rest will be financial crisis. A first draft of the note is here (more will come later, including some diagrams) .


Lecture April 21: Topic E: More financial crisis, also in connection to WB policies:. An introduction to WB-IMF modelling in particular RMSM and two/three gap: World Bank work shop in 2002  See in particular lecture notes from Agenor (see page 39-57 and 78-93, more details here). Mehlums macro handout and Excel sheet from wb


Lecture April 28: Topic A and G. Leading Issues: Chap 1A, The main results of all the articles Banerjee, A.V., P. Gertler and M. Ghatak Empowerment and Efficiency - Tenancy Reform in West Bengal. Besley, T. and R. Burgess Land Reform, Poverty and Growth: Evidence from India Burgess, R., and R. Pande: Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment Townsend, R. Risk and Insurance in Village India.

Lecture May 5: Last lecture. Return of term paper and Q+A.



A: Poverty and development - basic concepts
Leading Issues: Chap 1A, in particular Note 1.A.1. and Selection 1.A.2. (Ray ch 2)
For more specific poverty assessments and comments see World Development Report, Human Development Report and Leading Issues Chap. 1.B.

B: Rural institutions. Land, credit, and insurance markets
Leading Issues ch VII, Bardhan & Udry, ch 6.7,8, (Ray ch 8, 12, 14, 15). Ghatak, M. and N.-H. Jiang  A Simple Model of Inequality, Occupational Choice and Development. A few pages on sharecropping from Basu: "The less developed economy"

C: Duality and migration
Leading Issues 331-335 and 355-364 and 376-380 and Bardhan and Udry ch 5 and 15,( Ray ch 10).

D: Economic growth, increasing returns, and coordination.
Kremer: “The O-Ring Theory of Economic Development”, Murphy, Shleifer and Vishny: “Industrialization and the big push”, Leading Issues: I.C The discipline of development economics., Bardhan and Udry ch 16 

E: Policy reform, aid and, debt
Rodrik, D (1991) Policy Uncertainty and Private Investment in Developing Countries, Acemoglu, Daron and Robinson, James A. (2000) Why Did the West Extend the Franchise? Democracy, Inequality, and Growth in Historical Perspective., WB and IMF documents TBA.


F: Corruption, conflicts, and the economics of bad policies
Leading Issues. Chapter IX, in particular part B and C. Andvig and Moene: "How Corruption May Corrupt", Mehlum, Moene and Torvik: “Parasites”. Mehlum, Halvor and Karl Moene (2006) Fighting against the odds , Bardhan & Udry, ch 17. Leading Issues.: Selection III.A.1 p140 "Natural resource abundance and Economic growth".

 

G: Empirics.
Banerjee, A.V., P. Gertler and M. Ghatak
Empowerment and Efficiency - Tenancy Reform in West Bengal. Besley, T. and R. Burgess Land Reform, Poverty and Growth: Evidence from India Burgess, R., and R. Pande: Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment Townsend, R. Risk and Insurance in Village India

Important mailing list: To be included in the mailing list. Send an e-mail to halvor.mehlum@econ.uio.no write “ECON4915” in the subject field.