Homework in Development Economics: Household Production and the Wealth of Nations
将家庭生产引入新古典增长模型，考察扭曲资本积累的政策如何通过改变市场与非市场活动组合，放大国际收入差异，并探讨福利含义的变化。
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.