| dc.contributor.author | Acemoglu, Daron | |
| dc.date.accessioned | 2011-03-17T19:40:04Z | |
| dc.date.available | 2011-03-17T19:40:04Z | |
| dc.date.issued | 2010-06 | |
| dc.date.submitted | 2010-01 | |
| dc.identifier.issn | 0895-3309 | |
| dc.identifier.uri | http://hdl.handle.net/1721.1/61716 | |
| dc.description.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. | en_US |
| dc.language.iso | en_US | |
| dc.publisher | American Economic Association | en_US |
| dc.relation.isversionof | http://dx.doi.org/10.1257/jep.24.3.17 | en_US |
| dc.rights | Creative Commons Attribution-Noncommercial-Share Alike 3.0 | en_US |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-sa/3.0/ | en_US |
| dc.source | MIT web domain | en_US |
| dc.title | Theory, General Equilibrium, and Political Economy in Development Economics | en_US |
| dc.type | Article | en_US |
| dc.identifier.citation | Acemoglu, Daron. 2010. "Theory, General Equilibrium, and Political Economy in Development Economics." Journal of Economic Perspectives, 24(3): 17–32. | en_US |
| dc.contributor.department | Massachusetts Institute of Technology. Department of Economics | en_US |
| dc.contributor.approver | Acemoglu, Daron | |
| dc.contributor.mitauthor | Acemoglu, Daron | |
| dc.relation.journal | Journal of Economic Perspectives | en_US |
| dc.eprint.version | Author's final manuscript | en_US |
| dc.type.uri | http://purl.org/eprint/type/JournalArticle | en_US |
| eprint.status | http://purl.org/eprint/status/PeerReviewed | en_US |
| dspace.orderedauthors | Acemoglu, Daron | en |
| dc.identifier.orcid | https://orcid.org/0000-0003-0908-7491 | |
| mit.license | OPEN_ACCESS_POLICY | en_US |
| mit.metadata.status | Complete | |