development economics
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Wikidata facts
- Instance of
- field of study
- Subclass of
- economics
- Part of
- economics
Show 4 more facts
- topic's main category
- Category:Development economics
- Commons category
- Development
- significant person
- Esther Duflo
- is the study of
- economic development
Sources (3)
via Wikidata · CC0
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Encyclopedic overview
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether through public or private channels.
Development economics involves the creation of theories and methods that aid in the determination of policies and practices and can be implemented at either the domestic or international level. This may involve restructuring market incentives or using mathematical methods such as intertemporal optimization for project analysis, or it may involve a mixture of quantitative and qualitative methods. Common topics include growth theory, poverty and inequality, human capital, and institutions.
Excerpted from Wikipedia’s “development economics” article, available under the CC BY-SA 4.0 licence.