Lecture8 - Development Economics Lecture Notes 7 Alper...

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Unformatted text preview: Development Economics Lecture Notes 7 Alper Duman May 7, 2009 Alper Duman Development Economics Lecture Notes 7 Political Economy of State There have been three phases: 1. 1950-1980, State is the prime mover: Planning Mystique 2. 1980-late 1990s, Leave everything to the Markets: Washington Consensus 3. Late 1990s- , Recognize both the Market and the Government Failures: The New Consensus Alper Duman Development Economics Lecture Notes 7 The Rationale for Development Planning I Market Failures I Resource mobilization and allocation I Attitudinal or Psychological impact I Foreign Aid Alper Duman Development Economics Lecture Notes 7 Planning involves three types of modeling processes 1. Aggregate Growth Models 2. Multisector Models and Sectoral Projections: Input-Output Analysis and Social Accounting Matrices (SAMs) 3. Project Appraisal and Social Cost and Benefit Analysis Alper Duman Development Economics Lecture Notes 7 Social Cost and Benefit Analysis is based on I Setting Objectives I...
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This note was uploaded on 08/06/2009 for the course ECONOMICS ECON426 taught by Professor Alperduman during the Spring '09 term at Izmir University of Economics.

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Lecture8 - Development Economics Lecture Notes 7 Alper...

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