Homework in Development Economics: Household Production and the Wealth of Nations
Homework in Development Economics: Household Production and the Wealth of Nations
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发展经济学家庭作业：家庭生产和国富
DOI：
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发表时间：
2000
影响因子：
8.2
通讯作者：
Randall Wright
中科院分区：
文献类型：
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作者：
Stephen L. Parente;Richard Rogerson;Randall Wright
我们将国内生产引入新古典增长模型，并考察其对发展经济学的影响。特别是，我们研究了在多大程度上可以用扭曲资本积累的政策差异来解释国际收入差异。在国内生产模式中，这些政策不仅减少了资本积累，而且改变了市场和非市场活动的组合。因此，对于给定的政策差异，这些模型可以产生比标准模型更大的产出差异。我们还展示了当我们纳入家庭生产时，福利影响是如何变化的。
We introduce home production into the neoclassical growth model and examine its consequences for development economics. In particular, we study the extent to which one can account for international income differences with differences in policies that distort capital accumulation. In models with home production, such policies not only reduce capital accumulation but also change the mix of market and nonmarket activity. Hence these models can generate larger differences in output than standard models for a given policy differential. We also show how the welfare implications change when we incorporate home production.