Journal Article

Evaluating Recipes for Development Success

Avinash Dixit

in The World Bank Research Observer

Published on behalf of World Bank

Volume 22, issue 2, pages 131-157
Published in print January 2007 | ISSN: 0257-3032
Published online June 2007 | e-ISSN: 1564-6971 | DOI: http://dx.doi.org/10.1093/wbro/lkm005
Evaluating Recipes for Development Success

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  • Socialist Institutions and their Transitions
  • Other Economic Systems
  • Development Planning and Policy
  • Economic Growth and Aggregate Productivity
  • Economic Development

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This article offers a provocative critique of the ability of research on the impact of institutions on growth to offer immediate and practical recommendations for reforming and redesigning institutions in developing countries and transition economies. The literature traces the sources of growth to unalterable historical and geographic features. It contains equally plausible recommendations for opposite courses of action. It is sometimes driven by fads or recommends imitation of the latest success story. Some recommendations are too vague or too general to constitute practical advice. The article suggests a Bayesian diagnostic procedure to identify the causes of economic failure in an individual country as a first step toward remedying the failure.

Keywords: O43; O17; O20; P30; P48

Journal Article.  11029 words.  Illustrated.

Subjects: Socialist Institutions and their Transitions ; Other Economic Systems ; Development Planning and Policy ; Economic Growth and Aggregate Productivity ; Economic Development

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