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Kaivan Munshi
Kaivan Munshi is a Professor of Economics at Yale University, a Faculty Affiliate of the Economic Growth Center, and was previously the Frank Ramsey Professor of Economics at the University of Cambridge. His research career has been devoted to the analysis of social institutions and their interaction with economic activity. Professor Munshi’s research has been published in the American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, and the Review of Economic Studies. He was the recipient of the Infosys Prize in the Social Sciences in 2016.
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Community networks and the growth of private enterprise in China
China has witnessed the same degree of industrialisation in three decades as Europe did in two centuries – without the preconditions that are generally believed to be necessary for economic development, that is, effective legal systems or well-functioning financial institutions. Analysing unique administrative data on the universe of registered firms in the country, this article shows that community networks organised around the birth county paved the way for entrepreneurs to flourish.
Community origins of industrial entrepreneurship: Theory and historical evidence from India
The transition from agriculture to trade and the subsequent transition from trade to manufacturing are key stages in the development process. In countries where a substantial manufacturing sector exists, a few small communities often dominate it.
Why is labour mobility in India so low?
Rural-to-urban migration is surprisingly low in India, compared with other large developing countries, leaving higher paying job opportunities unexploited. This column shows that well-functioning rural insurance networks are partly responsible, as they incentivise adult males to remain in villages. Policies that provide private credit to wealthy households or government safety nets to poor households would encourage greater labour mobility, but could have unintended distributional consequences.
आर्थिक विकास, पोषण जाल, और चयापचय संबंधी रोग
हाल ही में प्रलेखित किये गए दो तथ्य इस परंपरागत धारणा के विपरीत चलते हैं कि आर्थिक विकास बेहतर स्वास्थ्य की ओर ले जाता है: विकासशील देशों में आय और पोषण की स्थिति के बीच एक स्पष्ट लिंक का अभाव; और आर्थिक विकास के साथ, तथा सामान्य व्यक्तियों में, जो कि जरूरी नहीं कि अधिक वजन वाले हों, चयापचय संबंधी बीमारी का बढ़ता प्रचलन। यह लेख इन प्रतीत होने वाले असंबंधित अवलोकनों के लिए एक ही स्पष्टीकरण प्रदान करता है।
Economic development, the nutrition trap, and metabolic disease
Two recently documented facts run counter to the conventional wisdom that economic development leads to better health: the absence of a clear link between income and nutritional status in developing countries; and the increased prevalence of metabolic disease, among normal individuals, that is, those who are not necessarily overweight, with economic development. This article provides a single explanation for these seemingly unrelated observations.