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Why Is Macroeconomics Different in Developing Countries?

Nayyar, Deepak

In this paper Nayyar demonstrates that macroeconomics developed in the context of industrialized countries cannot simply be transplanted in developed countries. Starting from accounting identities, models can be built based on economic reasoning, but such models must respect institutional facts and recognize different contexts.

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Academic Units
Initiative for Policy Dialogue
Publisher
Initiative for Policy Dialogue
Series
Initiative for Policy Dialogue Working Paper Series
Published Here
February 4, 2010

Notes

The opinions expressed in these papers represent those of the author(s) and not The Initiative for Policy Dialogue. These papers are unpublished and have not been peer reviewed. Please do not cite without explicit permission from the author(s).

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