In the classical paradigm of development economics that prevailed in the 1960s, agricultural growth was held to be the key pillar for industrial growth, itself seen to be synonymous with economic development. The paradigm was anchored in telling success stories, from the long history of the...

This paper opens a new field in quantitative policy analysis by developing a methodology for the construction and simulation of computable non-separable household models. Non-separability originates in market failures and in a binding credit constraint, both of which transform the products and...