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.
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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