Development Economics IIA

Which of the following would be an appropriate alternative to this Development Economics IIa as a name for this course?

Who wrote the textbook for the course and what kind of economist is he

Using the figures from our lecture (lecture 1), roughly speaking, what is the average percent of the workforce in the low income countries working in each of the following sectors? Agric. - Indus. - Services

At what level of employment does the diminishing marginal product of labour start?

Which of the following has NOT been argued in the lectures

Using our standard growth formula assume we have a population growth of 2% per year and our incremental capital output ratio is 5. What level of savings would be required to give us a constant GDP per capita if the annual GDP was £150 billion. (Assuming all the savings are invested)

Lack of access to basic sanitation and primary health care low income countries contributes to high infant mortality. On average and approximately, how many deaths are there per 1000 live births?

How might this “Kuznets curve” be best labelled?

Who defines undernourishment as: “a state in which physical functioning of a person is impaired to the point where she cannot maintain an adequate level of performance at physical work, or at resisting or recovering from the effects of any of a garden variety of diseases”?

What it is the missing word in the following famous quote? “The country that is more developed _________ only shows, to the less developed, the image of its own future.”

Which of these did NOT explicitly advance a “stage” theory of development?

Which of the following is not one of Rostow’s stages?

Which of Rostow’s stages might be best described as involving a shift to “self sustaining growth”, the emergence of “leading sectors”, an expansion of the market for output, an increase in the supply of capital, a channelling of agriculture’s surplus (via the state or private sector) to industry, the growth of self-finance by businesses, the spread of new production techniques (production functions) and the beginning of a secondary expansion?

Which of the following was not one of Kaldor’s growth laws (as described in the lecture)? NOTE: m - manufacturing; nm - non-manufacturing; p - productivity; g - growth

Which of the following best describes Allyn Young’s (1928) “increasing returns” ?

Which of the following most closely corresponds to Fisher (1939) and Clark (1940) stages?

Which author or authors’ “stage theory” has the income elasticity of demand and changes in income elasticity of demand as the major driver of shifts between stages?

This is the result of a regression estimating “Verdoorn’s Law” in China pm = -9.46E-05 + 0.71(gm) (-0.02) (19.10) R^2=0.73 How might we best interpret this result?

Which of the following is a “correct” reference for a book by Alice Amsden?

Suppose a country’s population is growing at 3% per year and the ICOR is 4. Using the “standard” formula what savings rate would be needed to ensure a constant level of GDP/capita?

Which of the following is least likely to be assumed by traditional development economists?

How might this “Kuznets curve” be best labelled?

Which of these is NOT a Classical Economist and/or did NOT write the Book on the date implied

In the lecture (L4) it was argued that Smith found sources of increasing returns in specialisation. Which of these is NOT relevant to this argument?

Malthus raised doubts about which law when raising the prospect of what might now be termed “demand deficient unemployment”?

Which of the following is NOT true about Ricardo?

Where variable capital = v constant capital =c profits = s A Marxist economist would NOT normally use which of the following definitions

Thirlwall Ch5 Theories of Economic Growth argues: "An attempt is made to illustrate the contemporary relevance of the theories discussed. … the wheel has turned full circle, and … the most recent theories of endogenous growth rehabilitate many of the ideas of the old classical economists particularly _________ __________ emphasis on increasing returns associated with investment in manufacturing industry, and the general emphasis in both classical and __________ theory on the role of capital accumulation, and the embodiment of various forms of technical progress associated with it.” What are the missing words?

Which of these is NOT a Classical Economist and/or did NOT write the Book on the date implied

Suppose a country’s population is growing at 3% per year and the ICOR is 4. Using the “standard” formula what savings rate would be needed to ensure a constant level of GDP/capita?

In the lecture on the Classical Economists it was argued that Smith found sources of increasing returns in specialisation. Which of these is NOT relevant to this argument?

Malthus raised doubts about which law when raising the prospect of what might now be termed “demand deficient unemployment”?

Which of the following is not one of Harrod’s questions?

Assuming there is a problem with the warranted growth rate being less than the natural growth rate. Which of the following was NOT suggested as a possible solution?

Joan Robinson used which phrase to describe the situation where ga=gw=gn

Who in 1946 published an article in Econometrica outlining a model very similar in insights to Roy Harrod’s 1939 model?

This is a Cobb-Douglas Production function in “extensive” form Y = bK^(a)*L^(1-a) Which of the following is not true?

If you were writing an essay on the major features of "stages of growth" theories who would you be least likely to mention as one of the stage theorists?

In a standard Cobb-Douglas Production function (Y=TKaLb) which of the following is NOT true?

Taking logs of a standard Cobb-Douglas Production function (Y=TKaLb) differentiating with respect to time and using a discrete approximation we get the following functional form: rY=rT+a rK+b rL When using this to model an economy which of the following would NOT be a good description of rT ?

Thirlwall discusses the possible contributions of the agricultural sector to the process of development under four headings. Which is not one of them?

Who was the father of the 1960s Green Revolution and was awarded the Nobel Peace Prize in 1970 in recognition of his contributions to world peace through increasing food supply

Complete the following quote from Lewis. “The central problem in the theory of economic development is to understand the process by which a community which was previously

What is Lewis’s answer to the question "why do [poor countries] save so little”? Because

In Lewis’s model earnings in the subsistence sector set a floor to wages in the capitalist sector but in practice wages in the capitalist sector have to be higher than this. That is, there is a “gap”. Which is the figure closest to Lewis’s estimate of the typical size of this gap?

Which of these is not one of Lewis’s description or explanation of the gap?

According to Google Scholar how many times, approximately, has Lewis, W.A. (1954) Economic development with unlimited supplies of labour. The Manchester School, 22(2), 139-191. been cited?