Economics, Area Studies and Human Development

Gustav Ranis

No 52333, Center Discussion Papers from Yale University, Economic Growth Center

Abstract: This paper suggests that area studies and economics have a better chance to be married successfully if we shift our attention from the exclusive emphasis on economic growth towards improvements in human development, especially the much broadened version of that concept. Different areas are shown to differ substantially in terms of the choices they make among the various independent dimensions of well-being and the various indicators within each dimension. The particular characteristics of each area play an important role in determining the choices societies make and the extent to which they are constrained by their initial conditions.

Keywords: Institutional and Behavioral Economics; Political Economy (search for similar items in EconPapers)
Pages: 11
Date: 2009-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:yaleeg:52333

DOI: 10.22004/ag.econ.52333

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