Networks in economic development

Emily Breza, Arun Chandrasekhar, Benjamin Golub, Aneesha Parvathaneni

Research output: Contribution to journalReview articlepeer-review

2 Scopus citations

Abstract

This chapter surveys the implications of some studies in network economics research for economic development. We focus on information flow and risk-sharing-two topics where work in theory, empirics, and policy analysis have been especially intensive and complementary. In analysing information, we distinguish models of information diffusion and aggregation, highlight how different models imply very different guidance regarding the right way to seed information. In discussing risk-sharing, we look at the key frictions that impede efficient informal insurance, and some potential unintended consequences when policymakers intervene to help. Throughout, we stress practical insights that can be used with limited measurement of the details of networks.

Original languageEnglish (US)
Pages (from-to)678-721
Number of pages44
JournalOxford Review of Economic Policy
Volume35
Issue number4
DOIs
StatePublished - Dec 4 2019
Externally publishedYes

Keywords

  • information diffusion
  • learning
  • risk sharing
  • social networks

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

Fingerprint Dive into the research topics of 'Networks in economic development'. Together they form a unique fingerprint.

Cite this