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The behavioral turn in development economics: A tentative account through the lens of economic methodology

Author

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  • Roberta Muramatsu
  • Flavia Avila

Abstract

This paper aims to provide an interpretation of why behavioral economics has come into the complex field of development economics that draws on insights from methodology of economics. We engage in an extensive survey of the literature that focuses on the actual practice of “behavioral development economics and behavioral economics view of poverty” that emerged in the early years of the 21st century in order to identify and discuss some directions and implications that this movement might carry for economics science and art of Economics. JEL Classification: B40; B41; D11; D91.

Suggested Citation

  • Roberta Muramatsu & Flavia Avila, 2017. "The behavioral turn in development economics: A tentative account through the lens of economic methodology," Brazilian Journal of Political Economy, Center of Political Economy, vol. 37(2), pages 363-380.
    • Handle: RePEc:ekm:repojs:v:37:y:2017:i:2:p:363-380:id:137
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/137/125
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    Cited by:

    1. Odedoyin, Stephen, 2018. "On the Psychological Foundations of Economic Development," MPRA Paper 91504, University Library of Munich, Germany, revised 14 Jan 2019.

    More about this item

    Keywords

    Behavioral economics; development; field experimentx; methodology; policy;
    All these keywords.

    JEL classification:

    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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