Home Production

By: Parente, Stephen L., Rogerson, Richard, and Randall Wright.

These researchers argue that production in the home is a significant part of economic development and growth along with production in the market. Policies that affect economic welfare should take into account how home production will be affected and how home production will affect the outcome of the policies.

Homework in development economics: Household production and the wealth of nations. Journal of Political Economy 108 (4): 680-7.