Handbook of Development Economics, Volume 5

Introduction: Linking Development Policy with Development Research-- Dani Rodrik (Harvard) and Mark Rosenzweig (Yale)

63 Trade, foreign investment, and industrial policy for developing countries-- Ann Harrison (Berkeley) and Andres Rodriguez-Clare (Penn State)

64. Monetary and exchange rate policies-- Eduardo Levy Yeyati (Torcuato Di Tella) and Federico Sturzenegger (Harvard)

65. Financial globalization and economic policies-- M. Ayhan Kose (IMF), Eswar Prasad (IMF), Kenneth Rogoff (Harvard), and Shang-Jin Wei (IMF)

66. Policies towards international labor flows-- Gordon Hanson (UC-San Diego)

67. Aid and conditionality-- Jonathan Temple (Bristol)

68. Improvement and extension of property rights-- Tim Besley (LSE) and Maitreesh Ghatak (LSE)

69. Governance and development-- Jean-Marie Baland (Universitaires Notre-Dame de la Paix), Karl Ove Moene (University of Oslo), James Robinson (Harvard)

70. Labor regulations, unions, and social protection in developing countries: market distortions or efficient institutions?-- Richard Freeman (Harvard)

71. Access to finance: credit markets, insurance, and saving-- Dean Karlan (Yale) and Jonathan Morduch (NYU)

72. Population and health policies-- T. Paul Schultz (Yale)

73. Investment in education – inputs and incentives-- Jere Behrman (Univ. of Pennsylvania)

74. The place of nature in economic development-- Partha Dasgupta (Universities of Cambridge and Manchester)

What guidance does academic research really provide to economic policy development? The critical and analytical surveys in this volume investigate links between policies and outcomes by surveying work from broad macroeconomic policies to interventions in microfinance. Asserting that there are no universal correspondences between policies and outcomes, contributors demonstrate instead that only an intense familiarity with the development context and the universe of applicable economic models can generate successful policies. Getting cause-and-effect right is essential for policy design and implementation. With the goal of drawing researchers and policy makers closer, this volume highlights our increasing understanding of ways to combine economic theorizing with careful, thoughtful empirical work.

• Presents an accurate, self-contained survey of the current state of the field
• Summarizes the most recent discussions, and elucidates new developments
• Although original material is also included, the main aim is the provision of comprehensive and accessible surveys

Graduate students and professors worldwide working in all subdisciplines of economics and finance.