Behavioural Economics and Development Economics

Kebede, Bereket ORCID: (2024) Behavioural Economics and Development Economics. In: The Companion to Development Studies. Routledge, London, pp. 382-386. ISBN 9780367244248

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Behavioural economics incorporates insights from psychology to strengthen the explanatory power of microeconomics. As a result of the rapid expansion of behavioural economics in the recent past, it is increasingly becoming part of mainstream economics and its influence on policy formulation is growing. Most of the insights from behavioural economics are universal hence they are also relevant for development economics. While the main principles of behavioural development economics are the same as behavioural economics, the unique circumstances and institutional set-ups in developing countries makes it a distinct sub-discipline in its own right. The increasing use of experimental games in development research is one illustration of the influence of behavioural economics on development economics.

Item Type: Book Section
Faculty \ School: Faculty of Social Sciences > School of Global Development (formerly School of International Development)
UEA Research Groups: Faculty of Social Sciences > Research Centres > Centre for Behavioural and Experimental Social Sciences
Faculty of Social Sciences > Research Groups > Behavioural and Experimental Development Economics
Faculty of Social Sciences > Research Groups > Gender and Development
Faculty of Social Sciences > Research Groups > Impact Evaluation
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Depositing User: LivePure Connector
Date Deposited: 05 Jun 2024 08:30
Last Modified: 11 Jun 2024 08:30
DOI: 10.4324/9780429282348-76

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