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Title:Essays on the role of markets and institutions in developing economies
Author(s):Bowser, William
Director of Research:Nelson, Charles H.
Doctoral Committee Chair(s):Nelson, Charles H.
Doctoral Committee Member(s):Garcia, Philip; Arends-Kuenning, Mary P.; Bowen, Merle
Department / Program:Agr & Consumer Economics
Discipline:Agricultural & Applied Econ
Degree Granting Institution:University of Illinois at Urbana-Champaign
land tenure
property rights
fixed investment
income diversification
economic development
Market integration
commodity markets
law of one price
Abstract:Institutions play a pivotal role in the process of economic development. This collection of studies addresses the importance of institutions in the process of wealth creation for low-income households in Brazil, as well as commodity market developments in Ethiopia. In Brazil, land institutions are shown to have large impacts on poverty outcomes, when wealth levels are sufficient. Infrastructure is found to go hand in hand with the establishment of strong institutions in Ethiopia. Decentralized infrastructure development in Ethiopia is found to support efficiency between dependent markets in times of price volatility. Additionally, in cases where infrastructure is insufficient, advanced institutional developments may be less effective on market performance and efficiency in developing countries.
Issue Date:2012-09-18
Rights Information:Copyright 2012 William Bowser
Date Available in IDEALS:2012-09-18
Date Deposited:2012-08

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