Nobel Prize in Economic Sciences 2019: Poverty Alleviation and Experiments in Development Economics

Vyacheslav N. Ovchinnikov ()
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Vyacheslav N. Ovchinnikov: Financial Research Institute, Moscow 127006, Russian Federation; Lobachevsky State University of Nizhny Novgorod — National Research University, Nizhny Novgorod 603000, Russian Federation

Finansovyj žhurnal — Financial Journal, 2020, issue 2, 120-131

Abstract: In this paper, the results of empirical studies by Nobel Prize laureates in Economic Sciences 2019 Michael Kremer, Abhijit Banerjee and Esther Duflo are discussed. Field experiments in education and healthcare systems as well as in the financial and technological areas made it possible to evaluate differently the effectiveness of traditional instruments of economic and social policy in poor countries, offering new, better practices and reforms aimed at poverty alleviation. In addition to the relevance of the findings in politics, the experiments by the laureates provided development economics with powerful analytical and methodological tools, forming the foundation for future academic investigations in this branch of economics.

Keywords: Nobel Prize; laureates; development economics; experiment; poverty; poor countries (search for similar items in EconPapers)
JEL-codes: O10 O12 O15 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:200208:p:120-131

DOI: 10.31107/2075-1990-2020-2-120-131

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