Poverty traps and the robust political economy of development assistance

Poverty traps and the robust political economy of development assistance Robust political economy emphasizes the lack of benevolence and omniscience of would be reformers. In addition, we consider the effects of biased decision-making for the robustness of the policy implications. This paper examines the robustness of the policy implications of models based on coordination failures and poverty traps. In particular, we address the revival in ‘big push’ type models and its policy implications. We argue that attempts to promote economic development through ‘big push’ models lack robustness. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Poverty traps and the robust political economy of development assistance

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2006 by Springer Science + Business Media, Inc.
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-006-7349-0
Publisher site
See Article on Publisher Site

Abstract

Robust political economy emphasizes the lack of benevolence and omniscience of would be reformers. In addition, we consider the effects of biased decision-making for the robustness of the policy implications. This paper examines the robustness of the policy implications of models based on coordination failures and poverty traps. In particular, we address the revival in ‘big push’ type models and its policy implications. We argue that attempts to promote economic development through ‘big push’ models lack robustness.

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Jan 1, 2006

References

  • History and Coordination Failures
    Adsera, A.; Ray, D.

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