Development Economics: Theory, Empirical Research, and Policy Analysis

ISBN: 9780470599396

Schaffner’s Development Economics Theory Empirical Research and Policy Analysis is designed to teach development and policy in a way that is disciplined by economic theory and informed by empirical research. Development Economics will help you to define development objectives, understand the development process, identify potential barriers to development, design candidate development interventions, and, of course, succeed in your Development Economics course.


  • Theoretical framework to guide your study of how developing country households make important choices about consumption, time use, production, saving, and investment; of what happens when they interact with one another in markets and non-market settings; and of why and how policymakers might intervene to improve development outcomes.
  • Systematic approach to policy analysis that guides through rigorous and comprehensive study of policies’ benefits and costs, and of how changes in policies’ designs or governance structures might alter their benefits and costs.
  • Emphasis on empirical evidence that teaches the importance of bringing theory into contact with reality through research that reveals which theoretically possible causes (for development problems) or effects (of development policies) are likely to be practically important in particular contexts.
  • Questions for review, questions for discussion and problems at the ends of chapters that help students to identify and deepen their understanding of the chapters’ main points and challenge them to apply the chapters’ analytical tools to new questions.
Julie Schaffner
Part I Introduction
1. What Is Development Economics Good For?

Part II Development Objectives and the Big Picture
2. Well-Being
3. Economic Growth
4. Economic Growth Theory in Historical Perspective
5. Poverty, Inequality, and Vulnerability

Part III Analytical Framework: Decisions, Markets, and Institutions

6. Consumption, Time Allocation, and Production Choices
7. Households
8. Domestic Markets for Goods and Services
9. Labor Markets
10. Investment and Financial Markets
11. International Markets and General Equilibrium
12. Institutions and Cooperation
13. Policy, Governance, and Political Economy

Part IV Policy Analysis Approach and Applications
14. Policy Analysis
15. Targeted Transfer Programs
16. Workfare
17. Agricultural Market Interventions and Reforms
18. Infrastructure Policies and Programs
19. Education
20. Agricultural Research and Extension
21. Microfinance
22. Public Health, Health Care, and Health Insurance

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E-Text: 9781118805763
Textbook: 9780470599396