Econ 277A  Economic Development I: Development Microeconomics

Tridip Ray, Indian Statistical Institute, New Delhi


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Syllabus

Lecture Notes



Syllabus

Introduction and Background Reading

  1. Ray, Debraj (1998), Development Economics, Princeton University Press, Chapters 11 - 15.
     

  2. Bardhan, Pranab and Christopher Udry (1999), Development Microeconomics, Oxford University Press, Chapters 4, 6, 7, 8 and 9.
     

  3. Mookherjee, Dilip and Debraj Ray (2001), Section 3 of Introduction to Readings in the Theory of Economic Development, London: Blackwell.


Agrarian Organization

  1. Eswaran, Mukesh and Ashok Kotwal (1986), "Access to Capital and Agrarian Production Organization", Economic Journal, 96, 482-498.


Labour Market Imperfections

Malnutrition and Efficiency Wages

  1. Dasgupta, Partha and Debraj Ray (1986), "Inequality as a Determinant of Malnutrition and Unemployment: Theory", Economic Journal, 96, 1011-1034.
     
  2. Dasgupta, Partha and Debraj Ray (1987), "Inequality as a Determinant of Malnutrition and Unemployment: Policy", Economic Journal, 97, 177-188.

Incentive-based Efficiency Wages

  1. Eswaran, Mukesh and Ashok Kotwal (1985), "A Theory of Two-Tier Labour Markets in Agrarian Economies", American Economic Review, 75, 162-177.

Rural Land Markets

Land Rental Contracts

  1. Stiglitz, Joseph E. (1974), "Incentives and Risk Sharing in Sharecropping", Review of Economic Studies, 41(2), 219-255.
     
  2. Laffont, Jean-Jacques and Mohamed Salah Matoussi (1995), "Moral Hazard, Financial Constraints and Sharecropping in El Oulja", Review of Economic Studies, 62(3), 381-399.
     
  3. Banerjee, Abhijit V., Paul J. Gertler and Maitreesh Ghatak (2002), "Empowerment and Efficiency: Tenancy Reform in West Bengal", Journal of Political Economy, 110, 239-280.
     
  4. Singh, Nirvikar (1989), "Theories of Sharecropping", in The Economic Theory of Agrarian Institutions, ed. Pranab Bardhan, Oxford: Clarendon Press.
     
  5. Singh, Nirvikar (2000), "Theories of Sharecropping", in Readings in Development Microeconomics: Micro-Theory, volume 1, ed. Pranab Bardhan and Christopher Udry, Cambridge: MIT Press.

Land Markets

  1. Mookherjee, Dilip (2001), "Informational Rents and Property Rights in Land", Chapter 13, Readings in the Theory of Economic Development, ed. Mookherjee, Dilip and Debraj Ray, London: Blackwell.

Fragmented Credit Markets

  1. Ghosh, Parikshit, Dilip Mookherjee and Debraj Ray (2001), "Credit Rationing in Developing Countries: An Overview of the Theory", Chapter 11, Readings in the Theory of Economic Development, ed. Mookherjee, Dilip and Debraj Ray, London: Blackwell.
     

  2. Bardhan, Pranab and Christopher Udry (1999), "Fragmented Credit Markets", Chapter 7, Development Microeconomics, Oxford University Press.


Risk and Insurance

  1. Bardhan, Pranab and Christopher Udry (1999), "Risk and Insurance in an Agricultural Economy", Chapter 8, Development Microeconomics, Oxford University Press.


Interlinkage of Transactions

  1. Braverman, Avishay and Joseph E. Stiglitz (1982), "Sharecropping and the Interlinking of Agrarian Markets", American Economic Review, 72, 695-715.
     

  2. Bardhan, Pranab and Christopher Udry (1999), "Interlinkage of Transactions and Rural Development", Chapter 9, Development Microeconomics, Oxford University Press.


Cooperatives and Informal Institutions

Mutual Insrance

  1. Coate, Stephen and Martin Ravallion (1993), "Reciprocity without Commitment: Characterization and Performance of Informal Insurance Arrangements", Journal of Development Economics, 40, 1-24.

Mutual Credit

  1. Besley, Timothy, Stephen Coate and Glenn Loury (1993), "The Economics of Rotating Savings and Credit Associations", American Economic Review, 83, 792-810.

Microcredit and Joint Liability Loans

  1. Ghatak, Maitreesh and Timothy W. Guinnane (1999), "The Economics of Lending with Joint Liability: Theory and Practice", Journal of Development Economics, 60, 1-34.

Social Learning

  1. Foster, Andrew D. and Mark R. Rosenzweig (1995), "Learning by Doing and Learning from Others: Human Capital and Technical Change in Agriculture", Journal of Political Economy, 103, 1176-1209.

Last Updated on 14 February 2011.