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Unformatted text preview: Lecture 11
Tables and ﬁgures in this lecture are taken from:
McMillan, J. and Woodruff, C. (1999), Interﬁrm Relationships and
Informal Credit in Vietnam. Quarterly Journal of Economics, 114, Nov.
Banerjee, A. and Duﬂo, E. (2000), Reputation Effects And The Limits
Of Contracting: A Study Of The Indian Software Industry. Quarterly
Journal of Economics, 115(3):9891017.
Class based on Miguel, Edward and Mary Kay Gugerty , Ethnic Diversity, Social Sanctions, and Public Goods in Kenya. mimeo,
Department of Economics, UC Berkeley.
Network Formation and Collective Action
We increasingly want to look at policy as a left hand side (dependent)
variable, i.e., not “what does policy affect?” but “what determines the
policy.” The social environment is of ﬁrst-order importance in determining
policy and welfare outcomes – e.g., service delivery in Africa
There is a new, somewhat woolly, concept of social capital. Active research
is exploring the theory and empirics of social capital as we speak. See
Putnam & Co.
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This note was uploaded on 12/29/2011 for the course ECO 307 taught by Professor Dublin during the Spring '10 term at SUNY Stony Brook.
- Spring '10