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Michael Paul Todaro (born May 14, 1942) is an American economist and a pioneer in the field of development economics.. Todaro earned a PhD in economics from Yale University in 1968 for a thesis titled The Urban Employment Problem in Less Developed Countries – An Analysis of Demand and Supply. [1]
The Harris–Todaro model, named after John R. Harris and Michael Todaro, is an economic model developed in 1970 and used in development economics and welfare economics to explain some of the issues concerning rural-urban migration.
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...
Download as PDF; Printable version; ... Harris–Todaro model; History of modernisation theory; Human development (economics)
The economic side of Sen's work can best be categorized under welfare economics, which evaluates the effects of economic policies on the well-being of peoples. Sen wrote the influential book Development as Freedom which added an important ethical side to development economics .
Harris earned a PhD in economics from Northwestern University in 1967. Harris was an African Development economist. His work on labor markets and wages, embodied in the Harris-Todaro Model is a foundation of contemporary Development Economics, and was constructed based on observations of Nigerian and Kenyan labor markets. [2]
An eagerly awaited jobs report released on January 10 — the first major economic report in the new year — showed employers adding a thriving 256,000 jobs to payrolls in December, exceeding the ...
The Quarterly Journal of Economics; P Krugman, 1992: Toward a counter-counterrevolution in development theory. Proceedings of the World Bank Annual Conference on Development Economics; K Matsuyama, 1992: The market size, Entrepreneurship, and the Big Push. Stanford; KM Murphy, A Shleifer, RW Vishny, 1989: Industrialization and the Big Push.