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A Comment on: "Presidential Address: DemandāSide Constraints in Development: The Role of Market Size, Trade, and (In)Equality," by Pinelopi Koujianou Goldberg and Tristan Reed.
- Source :
- Econometrica; Nov2023, Vol. 91 Issue 6, p1959-1962, 4p
- Publication Year :
- 2023
-
Abstract
- The article discusses a paper by Pinelopi Koujianou Goldberg and Tristan Reed that explores the role of market size in economic development and poverty reduction. The paper argues that market size is a significant constraint on development and that conventional development policies may not be fully effective. The authors present evidence that supports their perspective and propose measures of market size. However, the article also highlights the potential negative effects of international integration on domestic producers and raises questions about the strong version of the argument. It suggests that other factors, such as macro policies and commodity prices, may have contributed to the recent economic growth and poverty reduction in developing countries. The article concludes by discussing the changing global context and the need to focus on domestic demand for sustained economic development. [Extracted from the article]
Details
- Language :
- English
- ISSN :
- 00129682
- Volume :
- 91
- Issue :
- 6
- Database :
- Complementary Index
- Journal :
- Econometrica
- Publication Type :
- Academic Journal
- Accession number :
- 174064846
- Full Text :
- https://doi.org/10.3982/ECTA22088