Essays on the role of markets and institutions in developing economies

Bowser, William

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https://hdl.handle.net/2142/34553 Copy

Description

Title

Essays on the role of markets and institutions in developing economies

Author(s)

Bowser, William

Issue Date

2012-09-18T21:25:19Z

Director of Research (if dissertation) or Advisor (if thesis)

Nelson, Charles H.

Doctoral Committee Chair(s)

Nelson, Charles H.

Committee Member(s)

• Garcia, Philip
• Arends-Kuenning, Mary P.
• Bowen, Merle

Department of Study

Agr & Consumer Economics

Discipline

Agricultural & Applied Econ

Degree Granting Institution

University of Illinois at Urbana-Champaign

Degree Name

Ph.D.

Degree Level

Dissertation

Keyword(s)

• Brazil
• land tenure
• institutions
• property rights
• fixed investment
• income diversification
• economic development
• Ethiopia
• 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.

Graduation Semester

2012-08

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http://hdl.handle.net/2142/34553

Copyright and License Information

Copyright 2012 William Bowser

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