Emerging Issues in Economic Development

A Contemporary Theoretical Perspective

Edited by Sugata Marjit and Meenakshi Rajeev

Provides applications of game theory models and concepts
Analyses issues of contemporary relevance

Emerging Issues in Economic Development

A Contemporary Theoretical Perspective

Edited by Sugata Marjit and Meenakshi Rajeev

Description

In recent times, developing countries across the world have focused on a market-driven approach to address their economic issues. While this has resulted in financial growth, it has also led to a spurt in systemic challenges in many nations.

This volume explores the concerns faced by emerging economies from a present-day viewpoint, with in-depth analysis of key issues in economic development such as growth, market structure, poverty measurement, corruption, financial scams, voting behaviour, informal credit markets, and technology transfer, through the use of theoretical models.

The chapters in this volume have been written in honour of Dipankar Dasgupta and Amitava Bose, two outstanding academicians and contributors to the field of economic theory. With contributions from leading theorists on topics ranging from democracy and development, to patent laws, and environmental concerns, this volume bridges the gap between empirical analysis and a theoretical understanding of emerging issues in economic development.

Emerging Issues in Economic Development

A Contemporary Theoretical Perspective

Edited by Sugata Marjit and Meenakshi Rajeev

Foreword by Kazuo Nishimura
Acknowledgements
Introduction Sugata Marjit and Meenakshi Rajeev
Section 1: Corruption, Information, and Transparency
1. Competition and Corruption Anjan Mukherjee
2. Many Facets of Corruption Majumdar and Seung Han Yoo
Section 2: Growth, Poverty, and Markets
3. Inefficiency and the Golden Rule: Phelps-Koopmans Revisited Tapan Mitra and Debraj Ray
4. A Multidimensional Poverty Index Asis Kumar Banerjee
5. Transaction Costs and Optimal Market Structure Meenakshi Rajeev
6. The Determination of Profits
Romar Correa
Section 3: Informal and Microcredit
7. Vertical Linkages between Formal and Informal Credit Markets: Corruption and Credit Subsidy Policy Sarbajit Chaudhuri and Krishnendu Ghosh Dastidar
8. Dynamic Institutions and Microfinance Prabal Roy Chowdhuri
Section 4: Democracy and Development
9. Democracy, Development, and the Informal Sector Abhirup Sarkar
10. Efficient and Equilibrium Federation Structures with Externalities Gordon Myers and Abhijit Sengupta
Section 5: Bargaining, Technology Transfer, and Deterrence
11. Markets with Bilateral Bargaining and Incomplete Information Kalyan Chatterjee and Bhaskar Dutta
12. Technology Transfer as a Means to Combat Global Warming Vivekananda Mukherjee, Dirk T.G. Rubbelke, and Tilak Sanyal
13. Early Withdrawal of Patented Drugs as an Entry Deterring Device Sugata Marjit, Tarun Kabiraj, and Arijita Dutta
14. Entry Deterrence in Banking: The Role of Cost Asymmetry and
Adverse Selection Indrajit Mallick, Sugata Marjit, and Hamid Beladi
About the Editors and Contributors
Index

Emerging Issues in Economic Development

A Contemporary Theoretical Perspective

Edited by Sugata Marjit and Meenakshi Rajeev

Author Information

Sugata Marjit, Professor, Reserve Bank of India Professor of Industrial Economics and Director, Centre for Studies in Social Sciences, Kolkata,Meenakshi Rajeev, Professor, Centre for Economic Studies and Policy, Institute of Social and Economic Change, Bengaluru

Sugata Marjit is the RBI Professor of Industrial Economics at the Centre for Studies in Social Sciences, Calcutta and the Chairman of the West Bengal State Council of Higher Education.

Meenakshi Rajeev is the Reserve Bank of India Chair Professor at the Centre for Economic Studies and Policy in the Institute for Social and Economic Change, Bangalore.

Contributors:

Asis Kumar Banerjee, Institute of Development Studies Kolkata, India; Hamid Beladi, University of Texas at San Antonio, USA; Kalyan Chatterjee, The Pennsylvania State University, USA; Sarbajit Chaudhuri, University of Calcutta, India; Prabal Roy Chowdhury, Indian Statistical Institute, India; Romar Correa, University of Mumbai, India; Krishnendu Ghosh Dastidar, Jawaharlal Nehru University, India; Arijita Dutta, University of Calcutta, India; Bhaskar Dutta, University of Warwick, UK; Tarun Kabiraj, Indian Statistical Institute, India; Mukul Majumdar, Cornell University, USA; Indrajit Mallick, Centre for Studies in Social Sciences Calcutta, India; Sugata Marjit, Centre for Studies in Social Sciences Calcutta, India; Tapan Mitra, Cornell University, USA; Vivekananda Mukherjee, Jadavpur University, India; Anjan Mukherji, National Institute of Public Finance and Policy, New Delhi; Gordon Myers, Simon Fraser University, Canada; Meenakshi Rajeev, Institute for Social and Economic Change, India; Debraj Ray, New York University, USA; Dirk T.G. Rübbelke, Basque Centre for Climate Change (BC3), Spain, and IKERBASQUE, Basque Foundation for Science, Spain; Tilak Sanyal, Shibpur Dinobundhoo Institution, India; Abhirup Sarkar, Indian Statistical Institute, India; Abhijit Sengupta, University of Sydney, Australia; Seung Han Yoo, Korea University, Republic of Korea.