New Avenues in Development Economics: Identifying the Determinants of Economic Shrinking
(2022) In Master Thesis EKHS42 20221Department of Economic History
- Abstract
- Recently there has been a revision of longstanding ideas in development
economics. Studies have shown that it is not so much increases in growth rates
which cause long-term economic development, but rather decreases in shrinking
rates, alongside a reduced frequency of shrinking. This paper reviews two
theories of economic shrinking, one based on 5 social capabilities and the other
based on 4 dimensions which are theorized to affect economic shrinking. Of
these proposed categories only ‘state autonomy’, ‘demographic change’ and
possibly ‘the inclusion of the population in the market’ are significantly related
to economic shrinking. Future research should not only improve the theoretical
foundation and operationalization of... (More) - Recently there has been a revision of longstanding ideas in development
economics. Studies have shown that it is not so much increases in growth rates
which cause long-term economic development, but rather decreases in shrinking
rates, alongside a reduced frequency of shrinking. This paper reviews two
theories of economic shrinking, one based on 5 social capabilities and the other
based on 4 dimensions which are theorized to affect economic shrinking. Of
these proposed categories only ‘state autonomy’, ‘demographic change’ and
possibly ‘the inclusion of the population in the market’ are significantly related
to economic shrinking. Future research should not only improve the theoretical
foundation and operationalization of variables which determine shrinking, but
also leverage data-driven methods to identify the dimensions underlying
economic shrinking. (Less) - Popular Abstract
- Recently there has been a revision of longstanding ideas in development
economics. Studies have shown that it is not so much increases in growth rates
which cause long-term economic development, but rather decreases in shrinking
rates, alongside a reduced frequency of shrinking. This paper reviews two
theories of economic shrinking, one based on 5 social capabilities and the other
based on 4 dimensions which are theorized to affect economic shrinking. Of
these proposed categories only ‘state autonomy’, ‘demographic change’ and
possibly ‘the inclusion of the population in the market’ are significantly related
to economic shrinking. Future research should not only improve the theoretical
foundation and operationalization of... (More) - Recently there has been a revision of longstanding ideas in development
economics. Studies have shown that it is not so much increases in growth rates
which cause long-term economic development, but rather decreases in shrinking
rates, alongside a reduced frequency of shrinking. This paper reviews two
theories of economic shrinking, one based on 5 social capabilities and the other
based on 4 dimensions which are theorized to affect economic shrinking. Of
these proposed categories only ‘state autonomy’, ‘demographic change’ and
possibly ‘the inclusion of the population in the market’ are significantly related
to economic shrinking. Future research should not only improve the theoretical
foundation and operationalization of variables which determine shrinking, but
also leverage data-driven methods to identify the dimensions underlying
economic shrinking. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9101725
- author
- van Genuchten, Kees LU
- supervisor
-
- Seán Kenny LU
- organization
- alternative title
- A critical examination of the dimensions underlying economic shrinking
- course
- EKHS42 20221
- year
- 2022
- type
- H2 - Master's Degree (Two Years)
- subject
- keywords
- Economic Shrinking, Growth Models, Shrinking, Growing, Institutional Economics, Social Capabilities
- publication/series
- Master Thesis
- report number
- 1
- language
- English
- id
- 9101725
- date added to LUP
- 2022-12-13 13:21:35
- date last changed
- 2022-12-13 13:21:35
@misc{9101725, abstract = {{Recently there has been a revision of longstanding ideas in development economics. Studies have shown that it is not so much increases in growth rates which cause long-term economic development, but rather decreases in shrinking rates, alongside a reduced frequency of shrinking. This paper reviews two theories of economic shrinking, one based on 5 social capabilities and the other based on 4 dimensions which are theorized to affect economic shrinking. Of these proposed categories only ‘state autonomy’, ‘demographic change’ and possibly ‘the inclusion of the population in the market’ are significantly related to economic shrinking. Future research should not only improve the theoretical foundation and operationalization of variables which determine shrinking, but also leverage data-driven methods to identify the dimensions underlying economic shrinking.}}, author = {{van Genuchten, Kees}}, language = {{eng}}, note = {{Student Paper}}, series = {{Master Thesis}}, title = {{New Avenues in Development Economics: Identifying the Determinants of Economic Shrinking}}, year = {{2022}}, }