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New Avenues in Development Economics: Identifying the Determinants of Economic Shrinking

van Genuchten, Kees LU (2022) In Master Thesis EKHS42 20221
Department 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:
author
van Genuchten, Kees LU
supervisor
organization
alternative title
A critical examination of the dimensions underlying economic shrinking
course
EKHS42 20221
year
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}},
}