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Networks in economic development

Author

Listed:
  • Emily Breza
  • Arun Chandrasekhar
  • Benjamin Golub
  • Aneesha Parvathaneni

Abstract

This chapter surveys the implications of some studies in network economics research for economic development. We focus on information flow and risk-sharing—two topics where work in theory, empirics, and policy analysis have been especially intensive and complementary. In analysing information, we distinguish models of information diffusion and aggregation, highlight how different models imply very different guidance regarding the right way to seed information. In discussing risk-sharing, we look at the key frictions that impede efficient informal insurance, and some potential unintended consequences when policymakers intervene to help. Throughout, we stress practical insights that can be used with limited measurement of the details of networks.

Suggested Citation

  • Emily Breza & Arun Chandrasekhar & Benjamin Golub & Aneesha Parvathaneni, 2019. "Networks in economic development," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 35(4), pages 678-721.
    • Handle: RePEc:oup:oxford:v:35:y:2019:i:4:p:678-721.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grz025
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    Citations

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    Cited by:

    1. Crès, Hervé & Tvede, Mich, 2022. "Aggregation of opinions in networks of individuals and collectives," Journal of Economic Theory, Elsevier, vol. 199(C).
    2. Tian, Yuan & Caballero, Maria Esther & Kovak, Brian K., 2022. "Social learning along international migrant networks," Journal of Economic Behavior & Organization, Elsevier, vol. 195(C), pages 103-121.
    3. Chowdhury, Shyamal & Satish, Varun & Sulaiman, Munshi & Sun, Yi, 2021. "Sooner Rather Than Later: Social Networks and Technology Adoption," IZA Discussion Papers 14307, Institute of Labor Economics (IZA).
    4. Simone Cerreia-Vioglio & Roberto Corrao & Giacomo Lanzani, 2020. "Robust Opinion Aggregation and its Dynamics," Working Papers 662, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    5. Chowdhury, Shyamal & Satish, Varun & Sulaiman, Munshi & Sun, Yi, 2022. "Sooner rather than later: Social networks and technology adoption," Journal of Economic Behavior & Organization, Elsevier, vol. 203(C), pages 466-482.
    6. Boucher, Vincent & Dedewanou, F. Antoine & Dufays, Arnaud, 2022. "Peer-induced beliefs regarding college participation," Economics of Education Review, Elsevier, vol. 90(C).
    7. Arcagni, Alberto & Cerqueti, Roy & Grassi, Rosanna, 2024. "Higher-order assortativity for directed weighted networks and Markov chains," European Journal of Operational Research, Elsevier, vol. 316(1), pages 215-227.
    8. Shi, Xiaojun & Du, Baorui, 2024. "Decomposition of social networks and household purchase of insurance as knowledge products," Research in International Business and Finance, Elsevier, vol. 69(C).

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