My journey through the history of development economics

Abstract

provides economic analysis and policy advice with the aim of promoting sustainable and equitable development. The Institute began operations in 1985 in Helsinki, Finland, as the first research and training centre of the United Nations University. Today it is a unique blend of think tank, research institute, and UN agency-providing a range of services from policy advice to governments as well as freely available original research. The Institute is funded through income from an endowment fund with additional contributions to its work programme from Finland, Sweden, and the United Kingdom as well as earmarked contributions for specific projects from a variety of donors.

Methodology

“…In this study, the increased demand is treated conceptually as originating from increased public spending; the study assumes that the increased demand originates from government spending under a chosen development strategy. Furthermore, as discussed, for example, by Thorbecke (2018), even if one accepts that the formulation of economic policy is largely endogenous rather than exogenous in the real world (influenced by the political balance of power and existing institutions, etc. ), this type of analysis can still play an important role in informing strategic planning.…”