Author information:
Klára Major: Corvinus University of Budapest, Institute Leader Associate Professor. E-mail: major@uni-corvinus.hu
Abstract:
In 2019, the Nobel Prize in Economic Sciences was awarded jointly to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty”. Their work gave rise to the transformation of development economics both in terms of approach and methodology: theeffect of thedevelopment programmes aimed at reducing poverty is now typically measured by randomised controlled trials, enabling researchers to reveal causal effects. Throughout their studies, the authors relentlessly seek the drivers of human behaviour with a view to enabling the design of effective development programmes based on a deeper understanding of the nutrition, health, education, finances, etc. of the poor.
Cite as (APA):
Major, K. (2020). Studying Poverty in Economics – The Work of the 2019 Nobel Prize Laureates. Financial and Economic Review, 19(1), 119–131. https://doi.org/10.33893/FER.19.1.119131
Column:
Essay
Journal of Economic Literature (JEL) codes:
B31, B41, O12, C93
Keywords:
poverty, development economics, Nobel Prize in Economic Sciences
References:
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