Randomise This! On ‘Poor Economics’ Sanjay G. Reddy

The book ‘Poor Economics’ by Abhijit Bannerjee and Esther Duflo have been much lauded in recent times internationally, and has won several prestigious awards. The book captures an approach to development that has swept the field of development economics and this approach has been largely influential within governments, international agencies and Non-Government Organisations. The author here reviews the book and critically analyses the basic premise of the book and the subsequent understanding that the authors have developed. To read the full review, please check out the Review of Agrarian Studies website in the following link. http://www.ras.org.in/randomise_this_on_poor_economics#bib-bib1

Development Aid and Economic Growth: A positive long-run relation Sanjay G. Reddy and Camelia Minoiu

This paper analyzes the growth impact of official development assistance to developing countries taking into account both its growth depressing as well as growth enhancing effects while allowing the effect of aid on economic growth to occur over long time lags. The results, which stand the test of robustness, indicate that developmental aid has a large and significant positive impact on long-run growth and stands clearly in contrast to the widely publicised current rightwing argument that aid is ineffective in promoting growth. development_aid (Download the full text in PDF format) (Available at SSRN:.)

The World Development Report 2006: Brief Review Sanjay G. Reddy

A tempting first reaction to the World Development Report 2006 (henceforth WDR 2006)[1], entitled Equity and Development, is that it represents a significant advance. Whereas previous WDRs (in particular WDR 1990 and 2000/01) had concerned themselves with the need to reduce the absolute disadvantages experienced by countries and by persons, WDR 2006 is the first WDR centrally to be concerned with relative inequalities between nations and between persons. Relative inequalities are viewed in WDR 2006 as concerns in themselves. The report defines equity as the requirement that "individuals should have equal opportunities to pursue a life of their choosing and…

Has World Poverty Really Fallen During the 1990s? Sanjay G. Reddy and Camelia Minoiu

This paper critically evaluates the claim that world consumption poverty has fallen during the 1990s, given alternative assumptions about the extent of initial poverty and the rate of subsequent poverty reduction in China, India, and the rest of the developing world. The paper uses as indicators both the aggregate poverty headcount as well as the poverty headcount ratio, and considers two international poverty lines that are widely used. world_poverty (Download the full text in PDF format)