Essays on the role of markets and institutions in developing economies

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.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Agricultural & Applied Econ

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2012

Author dc:creator

• Bowser, William

Contributors dc:contributor

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

• Brazil
• land tenure
• institutions
• property rights
• fixed investment
• income diversification
• economic development
• Ethiopia
• Market integration
• commodity markets
• law of one price

Statement dc:rights

• Copyright 2012 William Bowser

Language dc:language

en

Handle dc:identifier

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

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/34553