-PTI/ Business Standard The Nobel laureate was sharing his observations from a recent visit to West Bengal. People in India are in "extreme pain" and the economy is still below the 2019 levels, with "small aspirations" of people becoming even smaller now, Nobel laureate economist Abhijit Banerjee has said. He was virtually addressing students of the Ahmedabad University in Gujarat on Saturday night from the US during the varsity's 11th annual convocation which...
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Why RCTs aren't the simple answer to solving India's learning crisis -Martin Haus and Rakesh K Rajak
-TheWire.in The problem with the domination of RCTs in development is the depreciation of other, more relevant findings using different methodologies. This year’s Nobel prize in economics has been awarded to the three researchers Abhijit Banerjee, Esther Duflo and Michael Kremer, who are well-known for their field experiments in the form of randomised controlled trials (RCTs). But can that methodology make meaningful contributions to solving the problem of our schools failing our...
More »Vital additions to empirical research -Maitreesh Ghatak
-The Hindu Despite limitations, the use of randomised control trials has led to a paradigm shift in development policy evaluation If Rip Van Winkle was an academic economist and woke up from a two-decade long sleep this week, he would be baffled by the news of the Nobel Prize in Economics this year awarded to Abhijit Banerjee, Esther Duflo, and Michael Kremer for pioneering the use of randomised control trials (RCTs) in...
More »Macro dimensions of poverty brushed aside -Pritam Singh
-The Tribune A serious methodological flaw of the RCT approach that has been pointed out by ethnographic studies of poverty is that its overemphasis on quantitative method has deprived it of the insights of qualitative methods. There is some recognition of the flaw by admitting that a mixed method approach can be useful, but the approach remains hostile to qualitative methods. THE award of the 2019 Nobel Prize in Economics to Abhijit...
More »Explainer: What Abhijit Banerjee, Esther Duflo, Michael Kremer won the Economics Nobel for -Jahnavi Sen and Kabir Agarwal
-TheWire.in All three winners argue that using randomised control trials can lead to better public policy interventions. New Delhi: The 2019 Nobel Prize for economics has been awarded to three economists who have focused on framing policies by first measuring the outcomes of alternative interventions on randomly chosen samples from a target population. Abhijit Banerjee, Esther Duflo and Michael Kremer have all worked on using this method to argue that randomised control trials...
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