Evaluating recipes for development success

By: Material type: TextTextSeries: Policy Research Working Paper, no. 3859Publication details: Washington, D.C. World Bank 2006Description: 38 p. Includes bibliographical referencesSubject(s): DDC classification:
  • 338 D4E9
Summary: This article offers a provocative critique of the ability of research on the impact of institutions on growth to offer immediate and practical recommendations for reforming and redesigning institutions in developing countries and transition economies. The literature traces the sources of growth to unalterable historical and geographic features. It contains equally plausible recommendations for opposite courses of action. It is sometimes driven by fads or recommends imitation of the latest success story. Some recommendations are too vague or too general to constitute practical advice. The article suggests a Bayesian diagnostic procedure to identify the causes of economic failure in an individual country as a first step toward remedying the failure. http://documents.worldbank.org/curated/en/689611468336279479/Evaluating-recipes-for-development-success
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Books Vikram Sarabhai Library Rack 21-B / Slot 829 (0 Floor, East Wing) General Stacks 338 D4E9 (Browse shelf(Opens below)) Available 162701

This article offers a provocative critique of the ability of research on the impact of institutions on growth to offer immediate and practical recommendations for reforming and redesigning institutions in developing countries and transition economies. The literature traces the sources of growth to unalterable historical and geographic features. It contains equally plausible recommendations for opposite courses of action. It is sometimes driven by fads or recommends imitation of the latest success story. Some recommendations are too vague or too general to constitute practical advice. The article suggests a Bayesian diagnostic procedure to identify the causes of economic failure in an individual country as a first step toward remedying the failure.

http://documents.worldbank.org/curated/en/689611468336279479/Evaluating-recipes-for-development-success

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