Intro Flashcards
1
Q
Enabling/Disabling state
A
Coldough and Manor 1991
Extent of state is less important than what it does
2
Q
Correlation of indicators?
A
Life expectancy has strongest correlation (Dasgupta and Weale 1992)
3
Q
Define institutions
A
Humanly devised constraints (North 1981)
4
Q
What is development?
A
Beyond sustainable, LR growth, depends ‘inescapably on what is valuable to promote’ (Amartya Sen 1988)
Consider non static preferences!
5
Q
Kuznets Curve
A
Based on on observation: Inequality is bell shaped function of income
6
Q
Institutions created?
A
When it is efficient (North 1981)
