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New Directions in Development Economics: Theory or Empirics? A Symposium in Economic and Political Weekly

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  • Banerjee, Abhijit
  • Bardhan, Pranab
  • Basu, Kaushik

Abstract

In May 2004 a conference was held at Cornell University entitled “75 Years of Development Research.”.1 Apart from the usual array of theoretical and empirical papers on development, a number of panels took stock of the state of development economics and discussed a range of methodological issues. One commentary that stood out in the challenge it posed to the current state of development economics was, “Is there Too Little Theory in Development Economics Today?” by Dilip Mookherjee. He answered his own question in the affirmative. Given the debate it generated, after the conference it was circulated to a number of leading development economists who had been present at the conference, and responses were invited. Pranab Bardhan sent in a response, “Theory or Empirics in Development Economics,” as did Kaushik Basu, “The New Empirical Development Economics: Remarks on its Philosophical Foundations.” These papers were largely supportive of the position taken by Mookherjee. There then followed a response to all three of these papers by Abhijit Banerjee, “‘New Development Economics’ and the Challenge to Theory,” which mounted a defense of the current empirical methods in development economics. Ravi Kanbur then followed with his comments, “Goldilocks Development Economics.” Ravi Kanbur also took the responsibility of coordinating the contributions. These five papers are being brought together here in this symposium in Economic and Political Weekly.

Suggested Citation

  • Banerjee, Abhijit & Bardhan, Pranab & Basu, Kaushik, 2005. "New Directions in Development Economics: Theory or Empirics? A Symposium in Economic and Political Weekly," Working Papers 127128, Cornell University, Department of Applied Economics and Management.
  • Handle: RePEc:ags:cudawp:127128
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    References listed on IDEAS

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    1. Ravi Kanbur & Hillel Rapoport, 2005. "Migration selectivity and the evolution of spatial inequality," Journal of Economic Geography, Oxford University Press, pages 43-57.
    2. David E. Sahn & David C. Stifel, 2003. "Urban--Rural Inequality in Living Standards in Africa," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 12(4), pages 564-597, December.
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    6. Ravi Kanbur & Xiaobo Zhang, 2005. "Fifty Years of Regional Inequality in China: a Journey Through Central Planning, Reform, and Openness," Review of Development Economics, Wiley Blackwell, vol. 9(1), pages 87-106, February.
    7. Barry McCormick & Jackline Wahba, 2003. "Return International Migration and Geographical Inequality: The Case of Egypt," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 12(4), pages 500-532, December.
    8. Guanghua Wan & Zhangyue Zhou, 2005. "Income Inequality in Rural China: Regression-based Decomposition Using Household Data," Review of Development Economics, Wiley Blackwell, vol. 9(1), pages 107-120, February.
    9. Raimundo Soto & Arístides Torche, 2004. "Spatial Inequality, Migration and Economic Growth in Chile," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 41(124), pages 401-424.
    10. Escobal, Javier & Torero, Maximo, 2003. "Adverse Geography and Differences in Welfare in Peru," WIDER Working Paper Series 073, World Institute for Development Economic Research (UNU-WIDER).
    11. Tarp Jensen, Henning & Tarp, Finn, 2004. "Trade Liberalization and Spatial Inequality: A Methodological Innovation in Vietnamese Perspective," WIDER Working Paper Series 035, World Institute for Development Economic Research (UNU-WIDER).
    12. J. Vernon Henderson & Hyoung Gun Wang, 2005. "Aspects of the rural-urban transformation of countries," Journal of Economic Geography, Oxford University Press, vol. 5(1), pages 23-42, January.
    13. Fan, Shenggen & Kanbur, Ravi & Zhang, Xiaobo, 2008. "Regional Inequality In China: An Overview," Working Papers 51157, Cornell University, Department of Applied Economics and Management.
    14. Christopher Timmins, 2005. "Estimable equilibrium models of locational sorting and their role in development economics," Journal of Economic Geography, Oxford University Press, vol. 5(1), pages 83-100, January.
    15. Henning Tarp Jensen & Finn Tarp, 2005. "Trade Liberalization and Spatial Inequality: a Methodological Innovation in a Vietnamese Perspective," Review of Development Economics, Wiley Blackwell, vol. 9(1), pages 69-86, February.
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    Cited by:

    1. Jean Cartier-Bresson, 2013. "Le pouvoir du positivisme et ses limites : microéconométrie et macroéconométrie actuelles du développement," Working Papers hal-00847005, HAL.
    2. Duflo, Esther & Glennerster, Rachel & Kremer, Michael, 2008. "Using Randomization in Development Economics Research: A Toolkit," Handbook of Development Economics, Elsevier.
    3. Judith Favereau, 2014. "La lutte contre la pauvreté à l'épreuve des essais cliniques. Réflexion sur l'approche expérimentale de l'économie du développement," Documents de travail du Centre d'Economie de la Sorbonne 14026, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    4. James Roumasset, 2010. "Wither the Economics of Agricultural Development?," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 7(1), pages 1-22, June.
    5. Rodrik, Dani, 2008. "The New Development Economics: We Shall Experiment, but How Shall We Learn?," Working Paper Series rwp08-055, Harvard University, John F. Kennedy School of Government.
    6. Barr, Abigail & Packard, Truman & Serra, Danila, 2012. "Participatory accountability and collective action : evidence from field experiments in Albanian schools," Policy Research Working Paper Series 6027, The World Bank.
    7. Lundvall , Bengt-Åke & Vang , Jan & Joseph , KJ & Chaminade , Cristina, 2013. "Bridging Innovation System Research and Development Studies: challenges and research opportunities," Papers in Innovation Studies 2013/33, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
    8. Mckenzie,David J. & Paffhausen,Anna Luisa, 2015. "Development economics as taught in developing countries," Policy Research Working Paper Series 7521, The World Bank.
    9. Judith Favereau, 2014. "La lutte contre la pauvreté à l'épreuve des essais cliniques. Réflexion sur l'approche expérimentale de l'économie du développement," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00974686, HAL.

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    Keywords

    International Development;

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