Sustainable Economic Development: Resources, Environment, and Institutions presents 25 articles that lay the foundations of sustainable development in a way that facilitat…Read more
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Sustainable Economic Development: Resources, Environment, and Institutions presents 25 articles that lay the foundations of sustainable development in a way that facilitates effective policy design. The editors mix broad thematic papers with focused micro-papers, balancing theories with policy designs.The book begins with two sections on sustainable development principles and practice and on specific settings where sustainable development is practiced. Two more sections illuminate institutions, governance, and political economy. Additional sections cover sustainable development and agriculture, and risk and economic security, including disaster management. This rich source of information should appeal to any institution involved in development work, and to development practitioners grappling with an array of difficult on-the-ground developmental challenges.
Analyzes policies that move markets and resource use patterns towards achieving sustainability
Articles are kaleidoscopic in scope and creativity
Authors embody extraordinary diversity and qualifications
Dedication
About the Editors
About the Authors
Foreword
Preface and Acknowledgments
Section 1: Introduction and Synthesis
Chapter 1. The Principles and Practice of Sustainable Economic Development: Overview and Synthesis
1.1 Introduction
1.2 Resource Management and Sustainable Development
1.3 Institutions, Governance, and Political Economy
1.4 The Nature, Causes, and Consequences of Agricultural Development Policy
1.5 Development, Vulnerability, and Poverty Reduction
1.6 Conclusion
References
Chapter 2. Reflections on the Foundations of Development Policy Analysis
2.1 Introduction
2.2 Behavioral Foundations for Agricultural Development Policy
2.3 Organizational Foundations for Development Policy Analysis: The New Institutional Economics
2.4 Modern Theories of Market and Institutional Failure: Shocks, Traps, Nets, and Ladders
2.5 The Anatomy of Specialization
2.6 Black-Hole Economics
References
Section 2: Resources, Environment, and Sustainable Development
Chapter 3. Scarcity, Security, and Sustainable Development
3.1 Introduction
3.2 Scarcity and Security
3.3 Sustainable Development: What Is It Anyway?
3.4 Trilogies, Triads, and Triangles
3.5 Research Opportunities
3.6 Thoughts on Economic Diplomacy and Education
References
Technical Appendix
Chapter 4. The Economics of Fossil Fuels and Pollution
4.1 Introduction
4.2 The Framework with Nonrenewable Resource and a Ceiling on the Stock of Pollution
4.3 Ceiling with Fossil Fuels with Different Pollution Intensities
5.1 Groundwater Management: From Sustainable Yield to Dynamic Optimization
5.2 Optimal Management of a Single Groundwater Aquifer
5.3 Extensions and Exceptions to the Pearce Equation
5.4 Open Access and the Gisser–Sánchez Effect
5.5 Policy Implications and Directions for Further Research
References
Chapter 6. Optimal Joint Management of Interdependent Resources: Groundwater Versus Kiawe (Prosopis pallida)
6.1 Introduction
6.2 Groundwater–Kiawe Management Framework
6.3 An Application to the Kona Coast of Hawai’i
6.4 Results
6.5 Conclusion
Acknowledgments
References
Appendix
Chapter 7. Win–Win Solutions for Reforestation and Maize Farming: A Case Study of Nan, Thailand
7.1 Introduction
7.2 Maize Farming in Nan Province
7.3 Value of Community Forest Products
7.4 Farmers’ Incentive to Convert Forest to Maize Farm
7.5 Limitations of Current Government Policies
7.6 Alternative Win–Win Policies
7.7 Conclusion
References
Section 3: Institutions, Governance, and Political Economy
Chapter 8. The Role of Institutions in Natural Resource Use
8.1 Introduction
8.2 Institution, Resource Use, and Resource Scarcity: Debates in the Literature
8.3 Optimal Institutions Given the Cost of Institutional Change
8.4 Institutional Choice in Equilibrium
8.5 Research Opportunities on Resource Governance
Acknowledgments
References
Chapter 9. Public Choice and the Generalized Resource Curse
9.1 Introduction
9.2 Other Boom Sources
9.3 Mechanisms by Which Abundance Can Become a Curse
9.4 Modeling the Curse of Abundance
9.5 Rent-Seeking Effects on Public Policies
9.6 All That Curses Is Not Gold: Implication for the Philippines
9.7 Conclusion
Acknowledgments
References
Chapter 10. Governing Commercial Agriculture in Africa: The Challenges of Coordinating Investments and Selecting Investors
10.1 Introduction
10.2 Capturing the Productivity Growth Potential Through Commercial Agriculture
10.3 Coordinating Investments and Selecting Investors for Better Governance of Commercial Agriculture
10.4 Coordinating with Communities and Local Stakeholders in Governing Commercial Agriculture
10.5 Governance Beyond Governments
10.6 Conclusion
References
Chapter 11. Land Confiscations and Land Reform in Natural-Order States
11.1 Introduction
11.2 Confiscations in Early Modern Europe and Its Offshoots
11.3 Origins of Early Modern Confiscations
11.4 Redistribution and Sale of Confiscated Lands
11.5 Conclusion
Acknowledgments
References
Chapter 12. Regional Integration and Illicit Economy in Fragile Nations: Perspectives from Afghanistan and Myanmar
12.1 Economic Framework for Illicit Activities and Its Cross-Border Context
12.2 Afghanistan
12.3 Myanmar
12.4 A Way Forward for Policy Analysis
References
Appendix Notes on Harmful Drugs
Chapter 13. Corruption, Transactions Costs, and Network Relationships: Governance Challenges for Thailand
13.1 Introduction
13.2 The Setting: Political and Administrative Reforms and the Asian Economic Crisis
13.3 Network Relationships, Transactions Costs, and Corruption
13.4 Reducing Connected Dealings and Improving Procurement in Thailand
13.5 Conclusion
References
Further Reading
Section 4: The Nature, Causes, and Consequences of Agricultural Development Policy
Chapter 14. The Role of Agricultural Economists in Sustaining Bad Programs
References
Chapter 15. Agricultural R&D Policy and Long-Run Food Security
15.1 Introduction
15.2 Returns to Agricultural R&D
15.3 A New World Order for Agricultural R&D Spending
15.4 Prices and Productivity: Longer Term Patterns and Prospects
15.5 Implications of Alternative Productivity Paths for the World’s Poor
15.6 Implications of Alternative Productivity Paths: Quantitative Illustration
15.7 Conclusion
Acknowledgments
References
Chapter 16. Energy and Agriculture: Evolving Dynamics and Future Implications
16.1 Introduction
16.2 Key Linkages Between Energy and Agriculture
16.3 Key Examples of Energy–Agriculture Linkages
16.4 Empirical Illustrations of Energy–Agriculture Linkages
16.5 Policy Implications of Food–Energy Interactions
16.6 Conclusion
References
Technical Annex A: Derivations of Conceptual Models
Chapter 17. Trends and Fluctuations in Agricultural Price Distortions
17.1 Background
17.2 Indicators of National Distortions to Agricultural Prices
17.3 National Distortions to Farmer Incentives: Trends Since the Mid-1950s
17.4 Government Responses to Fluctuations and Spikes in International Food Prices
17.5 Policy Implications and Concluding Remarks
Acknowledgments
References
Chapter 18. Getting the Price of Thai Rice Right: Episode II
18.1 Introduction
18.2 Origins of the PMS
18.3 Price Elasticity of Demand for the Export of Thai Rice
18.4 PMS Outcomes
18.5 Challenges to the PMS
18.6 Negative Outcomes of the PMS
18.7 Domestic Politics
18.8 Policy Recommendations
18.9 Conclusion
References
Chapter 19. Philippine Rice Self-Sufficiency Program: Pitfalls and Remedies
19.1 Rice Self-Sufficiency and Food Security
19.2 Why Countries Pursue Self-Sufficiency in Rice
19.3 Philippine Rice Self-Sufficiency Plan
19.4 Pitfalls of the Program
19.5 Conclusion
References
Chapter 20. Production Specialization and Market Participation of Smallholder Agricultural Households in Developing Countries
20.1 Introduction
20.2 Literature Review
20.3 Conceptual Framework and Empirical Model
20.4 Data and Description of Production and Marketing Environment
20.5 Econometric Results
20.6 Conclusion
References
Section 5: Development, Vulnerability, and Poverty Reduction
Chapter 21. Deviant Behavior: A Century of Philippine Industrialization
21.1 Introduction
21.2 The Philippines and the Competition: Catching Up Since 1870
21.3 Unconditional Industrial Convergence
21.4 Understanding the Philippines’ Deviant Behavior
21.5 Deviant Behavior and Path Dependence
21.6 Future Research
References
Appendix 1
Appendix 2
Chapter 22. Bundling Drought Tolerance and Index Insurance to Reduce Rural Household Vulnerability to Drought
22.1 Introduction
22.2 Drought Risk, Vulnerability, and Development Interventions
22.3 DT and Drought II: Prospects and Complementarity
22.4 Calibrating and Evaluating a DT–II Bundle for Maize in Ecuador
22.5 Conclusion
References
Chapter 23. Have Natural Disasters Become Deadlier?
23.1 Introduction
23.2 Issues
23.3 Data
23.4 Discussion
23.5 Conclusion
Acknowledgments
References
Annex 1
Annex 2
Annex 3
Chapter 24. The Growth–Poverty Nexus: Multidimensional Poverty in the Philippines
24.1 Introduction
24.2 Empirical Approach
24.3 Household Data and Deprivation Dimensions
24.4 What Has Been Happening to Poverty in Recent Years?
24.5 Poverty Profile from the Lens of MPI
24.6 Conclusion
Acknowledgments
References
Annex Tables
Chapter 25. Poverty Reduction and the Composition of Growth in the Mekong Economies
25.1 Introduction
25.2 Economic Growth
25.3 Poverty Reduction
25.4 The Growth–Poverty Nexus
25.5 Estimation Results
25.6 Conclusion
Acknowledgments
References
Appendix
Index
No. of pages: 532
Language: English
Edition: 1
Published: September 20, 2014
Imprint: Academic Press
Hardback ISBN: 9780128003473
eBook ISBN: 9780128004166
AB
Arsenio Balisacan
Arsenio Balisacan is a Professor of Economics at the UP School of Economics (on secondment) and Secretary of Socioeconomic Planning in the Cabinet of President Benigno S. Aquino III, Republic of the Philippines.
Affiliations and expertise
University of the Philippines
UC
Ujjayant Chakravorty
Ujjayant Chakravorty is Professor of Economics at Tufts University and Fellow at the Toulouse School of Economics and CESifo.
Affiliations and expertise
Tufts University, Medford, MA, USA
MR
Majah-Leah Ravago
Majah-Leah V. Ravago is Assistant Professor and currently Director for Research at the UP School of Economics.
Affiliations and expertise
University of the Philippines Dililman, Philippines
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