Development Economics

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5 domain-specific abstractions whose origin domain is Development Economics.

• Feldman–Mahalanobis model — A two-sector development model prioritizing investment in capital-goods capacity to raise the long-run ability to produce both capital and consumer goods.
• Human Development Index — A composite national index combining normalized longevity, education, and income dimensions.
• MIRAB — A model of small-island political economy organized around migration, remittances, external aid and a large public bureaucracy that distributes and stabilizes those flows.
• Ragnar Nurkse's balanced growth theory — A development theory advocating coordinated simultaneous investment across complementary sectors to enlarge markets and escape low-income demand constraints.
• Transformation in economics — A sustained shift in the dominant composition of economic activity, employment, production, institutions, and capabilities across sectors or modes of organization.