Ch-01-Introduction-ED 发展经济学教材.pptVIP

Ch.1 Introduction: Development Economics I。Introduction: What is the difference between DE and growth theories Framework of Economics 0。1　Core issue of modern economics: efficient allocation of resources based on cost-benefit and quantity-price analyses (micro, macro, international….) 0。2　 Walras’ Data 　（ “背景条件”) －　Preferences (value system, morality, religion, ideology, …) -- Welfare theory, Public choice； －　Technology progress – growth theory －　Information constraint (existing knowledge) – economics of information; －　Institutions (formal, or forced, incentives and constraints) – Institutional economics; －　External environment: historical position in the world market – international economics, economics of development. Growth Theory: Factors or conditions for economic growth in general -- capital accumulation, labor inputs, education (human capital), natural resources, technology progress, economic institutions, …. Y = F ( K, L, R, T….) DE is based on growth theory, and other theories of economics; but DE is an subfield of economics about a special kind of growth! Discussion of difference between GT and DE Institutional development? Not only material well-being – HDI; Growth may not mean the improvement of people’s well-being, but only increase of production for other purposes such as military build-up… Economic structural change: industrialization, urbanization, …. Factor-stock structural changes: education, capital, innovation, coordination capabilities, hard-ware infrastructures, institutional infrastructures….