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Development Economics. Theory, Empirical Research, and Policy Analysis

  • ID: 2496218
  • Book
  • 688 Pages
  • John Wiley and Sons Ltd
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Development Economics: Theory, Empirical Research, and Policy Analysis by Julie Schaffner teaches students to think about development in a way that is disciplined by economic theory, informed by cutting–edge empirical research, and connected in a practical way to contemporary development efforts.  It lays out a framework for the study of developing economies that is built on microeconomic foundations and that highlights the importance in development studies of transaction and transportation costs, risk, information problems, institutional rules and norms, and insights from behavioral economics. It then presents a systematic approach to policy analysis and applies the approach to policies from around the world, in the areas of targeted transfers, workfare, agricultural markets, infrastructure, education, agricultural technology, microfinance, and health. 

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Preface xix

Part I Introduction

1 What Is Development Economics Good For? 1

Part II Development Objectives and the Big Picture

2 Well–Being 16

3 Economic Growth 34

4 Economic Growth Theory in Historical Perspective 57

5 Poverty, Inequality, and Vulnerability 84

Part III Analytical Framework: Decisions, Markets, and Institutions

6 Consumption, Time Allocation, and Production Choices 108

7 Households 142

8 Domestic Markets for Goods and Services 174

9 Labor Markets 208

10 Investment and Financial Markets 242

11 International Markets and General Equilibrium 280

12 Institutions and Cooperation 314

13 Policy, Governance, and Political Economy 346

Part IV Policy Analysis Approach and Applications

14 Policy Analysis 377

15 Targeted Transfer Programs 391

16 Workfare 417

17 Agricultural Market Interventions and Reforms 442

18 Infrastructure Policies and Programs 471

19 Education 496

20 Agricultural Research and Extension 523

21 Microfinance 548

22 Public Health, Health Care, and Health Insurance 575

Appendix A Interpreting and Evaluating Empirical Evidence 609

Appendix B Glossary 641

Index 655

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Julie Schaffner
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