|Generate QR code
Open Access
Subscription Access
Evidence based development economics: Nobel Prize in Economic Sciences 2019
https://doi.org/10.32609/0042-8736-2020-1-5-17
Abstract
The 2019 Nobel Memorial Prize in Economic Sciences was awarded to Abhijit Banerjee, Esther Duflo, and Michael Kremer for developing experimental approach to studying the problem of reducing world inequality. The works of laureates combine detailed microeconomic analysis of practical problems related to development economics with careful empirical estimation of the effects of particular development programs through the use of field experiments. The paper discusses methodological contribution of the laureates, their influence on changing economists’ approach to working on practical issues related to development economics. The paper also provides a short survey of the results of their research in areas of economics of education, health and behavioral economics, microcredit, and gender inequality.
Keywords
Nobel Memorial Prize in Economics,
development economics,
economics of education,
health economics,
behavioral economics,
microcredit
JEL: O1, C93, I15, I25, D91
References
1. Banerjee A., Cole S., Duflo E., Linden L. (2007). Remedying education: Evidence from two randomized experiments in India. Quarterly Journal of Economics, Vol. 122, No. 3, pp. 1235—1264. https://doi.org/10.1162/qjec.122.3.1235
2. Banerjee A., Duflo E. (2014). Do firms want to borrow more? Testing credit constraints using a directed lending program. Review of Economic Studies, Vol. 81, No. 2, pp. 572—607. https://doi.org/10.1093/restud/rdt046
3. Banerjee A., Duflo E., Glennerster R., Kinnan C. (2015). The miracle of microfinance? Evidence from a randomized evaluation. American Economic Journal: Applied Economics, Vol. 7, No. 1, pp. 22—53. https://doi.org/10.1257/app.20130533
4. Banerjee A., Duflo E., Glennerster R., Kothari D. (2010). Improving immunization coverage in rural India: A clustered randomized controlled evaluation of immunization campaigns with and without incentives. British Medical Journal, Vol. 340, p. C2220. https://doi.org/10.1136/bmj.c2220
5. Banerjee A., Karlan D., Zinman J. (2015). Six randomized evaluations of microcredit: Introduction and further steps. American Economic Journal: Applied Economics, Vol. 7, No. 1, pp. 1—21. https://doi.org/10.1257/app.20140287
6. Barro R. J. (1991). Economic growth in a cross section of countries. Quarterly Journal of Economics, Vol. 106, No. 2, pp. 407—443. https://doi.org/10.2307/2937943
7. Beaman L., Chattopadhyay R., Duflo E., Pande R., Topalova P. (2009). Powerful women: Does exposure reduce bias? Quarterly Journal of Economics, Vol. 124, No. 4, pp. 1497—1540. https://doi.org/10.1162/qjec.2009.124.4.1497
8. Blanchard O., Kremer M. (1997). Disorganization. Quarterly Journal of Economics, Vol. 112, No. 4, pp. 1091—1126. https://doi.org/10.1162/003355300555439
9. Chattopadhyay R., Duflo E. (2004). Women as policy makers: Evidence from an Indiawide randomized policy experiment. Econometrica, Vol. 72, No. 5, pp. 1409—1444. https://doi.org/10.1111/j.1468-0262.2004.00539.x
10. Duflo E. (2012). Women empowerment and economic development. Journal of Economic Literature, Vol. 50, No. 4, pp. 1051—1079. https://doi.org/10.1257/jel.50.4.1051
11. Duflo E. (2017). Richard T. Ely lecture: The economist as plumber. American Economic Review, Vol. 107, No. 5, pp. 1—26. https://doi.org/10.1257/aer.p20171153
12. Duflo E., Dupas P., Kremer M. (2011). Peer effects, teacher incentives, and the impact of tracking: Evidence from a randomized evaluation in Kenya. American Economic Review, Vol. 101, No. 5, pp. 1739—1774. https://doi.org/10.1257/aer.101.5.1739
13. Duflo E., Dupas P., Kremer M. (2015). School governance, teacher incentives, and pupil-teacher ratios: Experimental evidence from Kenyan primary schools. Journal of Public Economics Vol. 123, pp. 92—110. https://doi.org/10.1016/j.jpubeco.2014.11.008
14. Duflo E., Kremer M., Robinson J. (2011). Nudging farmers to use fertilizer: Theory and experimental evidence from Kenya. American Economic Review, Vol. 101, No. 6, pp. 2350—2390. https://doi.org/10.1257/aer.101.6.2350
15. Finkelstein A., Notowidigdo M. J. (2019). Take-up and targeting: Experimental evidence from SNAP. Quarterly Journal of Economics, Vol. 134, No. 3, pp. 1505—1556. https://doi.org/10.1093/qje/qjz013
16. Glewwe P., Kremer M., Moulin S. (2009). Many children left behind? Textbooks and test scores in Kenya. American Economic Journal: Applied Economics, Vol. 1, No. 1, pp. 112—135. https://doi.org/10.1257/app.1.1.112
17. Glewwe P., Kremer M., Moulin S., Zitzewitz E. (2004). Retrospective vs. prospective analyses of school inputs: The case of flip charts in Kenya. Journal of Development Economics, Vol. 74, No. 1, pp. 251—268. https://doi.org/10.1016/j.jdeveco.2003.12.010
18. Glewwe P., Muralidharan K. (2015). Improving school education outcomes in developing countries: Evidence, knowledge gaps, and policy implications. RISE Working Paper, No. 15/001.
19. Hausman J. A., Wise D. A. (1985). Social experimentation. Chicago: University of Chicago Press.
20. Kremer M., Brannen C., Glennerster R. (2013). The challenge of education and learning in the developing world. Science, Vol. 340, No. 6130, pp. 297—300. https://doi.org/10.1126/science.1235350
21. Kremer M., Miguel E. (2007). The illusion of sustainability. Quarterly Journal of Economics, Vol. 122, No. 3, pp. 1007—1065. https://doi.org/10.1162/qjec.122.3.1007
22. Kremer M., Miguel E., Leino J., Zwane A. P. (2011). Spring cleaning: Rural water impacts, valuation and property rights institutions. Quarterly Journal of Economics, Vol. 126, No. 1, pp. 145—205. https://doi.org/10.1093/qje/qjq010
23. Mankiw N. G., Romer D., Weil D. N. (1992). A contribution to the empirics of economic growth. Quarterly Journal of Economics, Vol. 107, No. 2, pp. 407—437. https://doi.org/10.2307/2118477
24. Mankiw N. G. (2006). The macroeconomist as scientist and engineer. Journal of Economic Perspectives, Vol. 20, No. 4, pp. 29—46. https://doi.org/10.1257/jep.20.4.29
25. Miguel E., Kremer M. (2004). Worms: Identifying impacts on education and health in the presence of treatment externalities. Econometrica, Vol. 72, No. 1, pp. 159—217. https://doi.org/10.1111/j.1468-0262.2004.00481.x
26. Newhouse J. P. (1993). Free for all? Lessons from the RAND health insurance experiment. Cambridge, MA: Harvard University Press.
27. Roth A. (2002). The economist as engineer: Game theory, experimentation, and computation as tools for design economics. Econometrica, Vol. 70, No. 4, pp. 1341—1378. https://doi.org/10.1111/1468-0262.00335
28. Shampanier K., Mazar N., Ariely D. (2007). Zero as a special price: The true value of free products. Marketing Science, Vol. 26, No. 6, pp. 742—757. https://doi.org/10.1287/mksc.1060.0254
29. Vermeersch C., Kremer M. (2005). School meals, educational achievement and school competition: Evidence from a randomized evaluation. World Bank Policy Research Working Paper, No. 3523.
Review
For citations:
Enikolopov R.S. Evidence based development economics: Nobel Prize in Economic Sciences 2019. Voprosy Ekonomiki. 2020;(1):5-17. (In Russ.) https://doi.org/10.32609/0042-8736-2020-1-5-17
Views:
2951
Email this article 
