The Power And Pitfalls Of Experiments In Development Economics

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The Power and Pitfalls of Experiments in Development Economics

Author : Christopher B. Barrett
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis The Power and Pitfalls of Experiments in Development Economics by : Christopher B. Barrett

Download or read book The Power and Pitfalls of Experiments in Development Economics written by Christopher B. Barrett and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Impact evaluation based on randomized controlled trials (RCTs) offers a powerful tool that has fundamentally reshaped development economics by offering novel solutions to long-standing problems of weak causal identification. Nonetheless, RCTs suffer important and under-appreciated pitfalls, some of which are intrinsic to the method when applied to economic problems, others that are the result of methodological boosterism. Among the pitfalls are ethical dilemmas, uncontrollable treatments that result in a 'faux exogeneity,' distortion of the research agenda, and a tendency to estimate interventions' abstract efficacy rather than their effectiveness in practice. We illustrate these points through the literature on smallholder capital access and productivity growth. Ultimately, we argue for a methodological pluralism that recognizes all identification strategies' limitations.

Poor Economics

Author : Abhijit V. Banerjee
Publisher : PublicAffairs
ISBN 13 : 1610391608
Total Pages : 321 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis Poor Economics by : Abhijit V. Banerjee

Download or read book Poor Economics written by Abhijit V. Banerjee and published by PublicAffairs. This book was released on 2012-03-27 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.

Experimental Conversations

Author : Timothy N. Ogden
Publisher : MIT Press
ISBN 13 : 0262551543
Total Pages : 397 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Experimental Conversations by : Timothy N. Ogden

Download or read book Experimental Conversations written by Timothy N. Ogden and published by MIT Press. This book was released on 2024-03-19 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discussions of the use and limits of randomized control trials, considering the power of theory, external validity, gaps in knowledge, and what issues matter. The practice of development economics has undergone something of a revolution as many economists have adopted new methods to answer perennial questions about the effectiveness of anti-poverty programs. In this book, prominent development economists discuss the use and impact of one of the most significant of these new methods, randomized control trials (RCTs) and field experiments. In extended interviews conducted over a period of several years, they explain their work and their thinking and consider the broader issues of how we learn about the world and how we can change it for the better. These conversations offer specialists and nonspecialists alike a unique opportunity to hear economists speak in their own words, free of the confines of a particular study or econometric esoterica. The economists describe how they apply research findings in the way they think about the world, revealing their ideas about the power of theory, external validity, gaps in knowledge, and what issues matter. Also included are interviews with RCT observers, critics, sponsors, consumers, and others. Each interview provides a brief biography of the interviewee. Thorough annotations offer background and explanations for key ideas and studies referred to in the conversations. Contributors Abhijit Banerjee, Nancy Birdsall, Chris Blattman, Alex Counts, Tyler Cowen, Angus Deaton, Frank DeGiovanni, Esther Duflo, Pascaline Dupas, Xavi Gine, Rachel Glennerster, Judy Gueron, Elie Hassenfeld, Dean Karlan, Michael Kremer, David McKenzie, Jonathan Morduch, Lant Pritchett, Jonathan Robinson, Antoinette Schoar, Dean Yang

Handbook of Economic Field Experiments

Author : Abhijit Vinayak Banerjee
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (17 download)

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Book Synopsis Handbook of Economic Field Experiments by : Abhijit Vinayak Banerjee

Download or read book Handbook of Economic Field Experiments written by Abhijit Vinayak Banerjee and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Beyond Experiments in Development Economics

Author : J. Edward Taylor
Publisher : OUP Oxford
ISBN 13 : 019101754X
Total Pages : 337 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Beyond Experiments in Development Economics by : J. Edward Taylor

Download or read book Beyond Experiments in Development Economics written by J. Edward Taylor and published by OUP Oxford. This book was released on 2014-07-10 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides researchers, students, and practitioners with a methodology to evaluate the impacts of a wide diversity of development projects and policies on local economies. Projects and policies often create spillovers within project areas. LEWIE uses simulation methods to quantify these spillovers. It has become a complement to randomized control trials (RCTs), as governments and donors become interested in documenting impacts beyond the treated, comparing the likely impacts of alternative interventions, and designing complementary interventions to influence program and policy impacts. It is also a tool for impact evaluation where RCTs are not feasible. Chapters 1-4 motivate and present the basics of impact simulation, including how to design a LEWIE model, how to estimate the model, and how to obtain the necessary data. The remaining chapters provide a diversity of interesting real-world applications and extensions of the basic models. The applications include evaluations of the impacts of cash transfers for the poor, ecotourism, global food-price shocks, irrigation projects, migration, and corruption. Each chapter provide readers with the tools they need to conduct their own local economy-wide impact evaluations. All models and data used in this book are available on-line.

Randomistas

Author : Andrew Leigh
Publisher : Yale University Press
ISBN 13 : 0300240112
Total Pages : 283 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Randomistas by : Andrew Leigh

Download or read book Randomistas written by Andrew Leigh and published by Yale University Press. This book was released on 2018-07-24 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fascinating account of how radical researchers have used experiments to overturn conventional wisdom and shaped life as we know it Experiments have consistently been used in the hard sciences, but in recent decades social scientists have adopted the practice. Randomized trials have been used to design policies to increase educational attainment, lower crime rates, elevate employment rates, and improve living standards among the poor. This book tells the stories of radical researchers who have used experiments to overturn conventional wisdom. From finding the cure for scurvy to discovering what policies really improve literacy rates, Leigh shows how randomistas have shaped life as we know it. Written in a “Gladwell-esque” style, this book provides a fascinating account of key randomized control trial studies from across the globe and the challenges that randomistas have faced in getting their studies accepted and their findings implemented. In telling these stories, Leigh draws out key lessons learned and shows the most effective way to conduct these trials.

The Power of Experiments

Author : Michael Luca
Publisher : MIT Press
ISBN 13 : 0262542277
Total Pages : 229 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis The Power of Experiments by : Michael Luca

Download or read book The Power of Experiments written by Michael Luca and published by MIT Press. This book was released on 2021-03-02 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: How tech companies like Google, Airbnb, StubHub, and Facebook learn from experiments in our data-driven world—an excellent primer on experimental and behavioral economics Have you logged into Facebook recently? Searched for something on Google? Chosen a movie on Netflix? If so, you've probably been an unwitting participant in a variety of experiments—also known as randomized controlled trials—designed to test the impact of different online experiences. Once an esoteric tool for academic research, the randomized controlled trial has gone mainstream. No tech company worth its salt (or its share price) would dare make major changes to its platform without first running experiments to understand how they would influence user behavior. In this book, Michael Luca and Max Bazerman explain the importance of experiments for decision making in a data-driven world. Luca and Bazerman describe the central role experiments play in the tech sector, drawing lessons and best practices from the experiences of such companies as StubHub, Alibaba, and Uber. Successful experiments can save companies money—eBay, for example, discovered how to cut $50 million from its yearly advertising budget—or bring to light something previously ignored, as when Airbnb was forced to confront rampant discrimination by its hosts. Moving beyond tech, Luca and Bazerman consider experimenting for the social good—different ways that governments are using experiments to influence or “nudge” behavior ranging from voter apathy to school absenteeism. Experiments, they argue, are part of any leader's toolkit. With this book, readers can become part of “the experimental revolution.”

Development Economics

Author : Alain de Janvry
Publisher : Routledge
ISBN 13 : 1317504267
Total Pages : 859 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis Development Economics by : Alain de Janvry

Download or read book Development Economics written by Alain de Janvry and published by Routledge. This book was released on 2015-12-22 with total page 859 pages. Available in PDF, EPUB and Kindle. Book excerpt: Development Economics: Theory and Practice provides students and practitioners with the perspectives and the tools they need to think analytically and critically about the current major economic development issues in the world. Alain de Janvry and Elisabeth Sadoulet identify seven key dimensions of development; growth, poverty, vulnerability, inequality, basic needs, sustainability, and quality of life, and use them to structure the contents of the text. This book gives a historical perspective on the evolution of thought in development. It uses theory and empirical analysis to present readers with a full picture of how development works, how its successes and failures can be assessed, and how alternatives can be introduced. The authors demonstrate how diagnostics, design of programs and policies, and impact evaluation can be used to seek new solutions to the suffering and violence caused by development failures. This text is fully engaged with the most cutting edge research in the field, and equips readers with analytical tools for the impact evaluation of development programs and policies, illustrated with numerous examples. It is underpinned throughout by a wealth of student-friendly features including case studies, quantitative problem sets, end-of-chapter questions, and extensive references. This unique text aims at helping readers learn about development, think analytically about achievements and alternative options, and be prepared to compete on the development job market.

Essentials of Development Economics, Third Edition

Author : J. Edward Taylor
Publisher : Univ of California Press
ISBN 13 : 0520975049
Total Pages : 371 pages
Book Rating : 4.5/5 (29 download)

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Book Synopsis Essentials of Development Economics, Third Edition by : J. Edward Taylor

Download or read book Essentials of Development Economics, Third Edition written by J. Edward Taylor and published by Univ of California Press. This book was released on 2020-08-18 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written to provide students with the critical tools and approaches used by development economists, Essentials of Development Economics represents an alternative approach to traditional textbooks on the subject. Compact and less expensive than other textbooks for undergraduate development economics courses, Essentials of Development Economics offers a broad overview of key topics and methods in the field. Its fourteen easy-to-read chapters introduce cutting-edge research and present best practices and state-of-the-art methods. By mastering the material in this time-tested book, students will have the conceptual grounding needed to move on to more advanced development economics courses. This new edition includes: updated references to international development policy process and goals substantial updates to several chapters with new and revised material to make the text both current and policy relevant replacement of several special features with new ones featuring widely cited studies

Experiments, Policy, and Theory in Development Economics

Author : Thomas Bossuroy
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (128 download)

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Book Synopsis Experiments, Policy, and Theory in Development Economics by : Thomas Bossuroy

Download or read book Experiments, Policy, and Theory in Development Economics written by Thomas Bossuroy and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In 'Field Experiments and Methodological Intolerance,' Glenn Harrison develops a criticism of randomized field experiments and denounces 'intolerance' for lab experiments and a 'disconnect from theory.' We argue that (i) lab experiments and RCTs are based on different methodological approaches and therefore fulfill different scientific objectives; (ii) key features of the RCT methodology make it highly relevant for policy-making, which accounts for a large part of its uptake; (iii) RCTs foster a convergence of interests between policy-makers and researchers around the study of economic mechanisms, which makes it possible to challenge and improve economic theory based on real-world facts; and (iv) hybrid forms of experimentation are being increasingly used and open promising avenues. In sum, economic research based on RCTs is more and more connected to theory and other forms of experiment, while also helping policy-makers tackle daunting problems of poverty and exclusion.

Running Randomized Evaluations

Author : Rachel Glennerster
Publisher : Princeton University Press
ISBN 13 : 140084844X
Total Pages : 480 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Running Randomized Evaluations by : Rachel Glennerster

Download or read book Running Randomized Evaluations written by Rachel Glennerster and published by Princeton University Press. This book was released on 2013-11-24 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive guide to running randomized impact evaluations of social programs in developing countries This book provides a comprehensive yet accessible guide to running randomized impact evaluations of social programs. Drawing on the experience of researchers at the Abdul Latif Jameel Poverty Action Lab, which has run hundreds of such evaluations in dozens of countries throughout the world, it offers practical insights on how to use this powerful technique, especially in resource-poor environments. This step-by-step guide explains why and when randomized evaluations are useful, in what situations they should be used, and how to prioritize different evaluation opportunities. It shows how to design and analyze studies that answer important questions while respecting the constraints of those working on and benefiting from the program being evaluated. The book gives concrete tips on issues such as improving the quality of a study despite tight budget constraints, and demonstrates how the results of randomized impact evaluations can inform policy. With its self-contained modules, this one-of-a-kind guide is easy to navigate. It also includes invaluable references and a checklist of the common pitfalls to avoid. Provides the most up-to-date guide to running randomized evaluations of social programs, especially in developing countries Offers practical tips on how to complete high-quality studies in even the most challenging environments Self-contained modules allow for easy reference and flexible teaching and learning Comprehensive yet nontechnical

Essentials of Development Economics

Author : J. Edward Taylor
Publisher : Univ of California Press
ISBN 13 : 0520283171
Total Pages : 440 pages
Book Rating : 4.5/5 (22 download)

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Book Synopsis Essentials of Development Economics by : J. Edward Taylor

Download or read book Essentials of Development Economics written by J. Edward Taylor and published by Univ of California Press. This book was released on 2015-03-19 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written to provide students with the critical tools used in today’s development economics research and practice, Essentials of Development Economics represents an alternative approach to traditional textbooks on the subject. Compact and less expensive than other textbooks for undergraduate development economics courses, Essentials of Development Economics offers a broad overview of key topics and methods in the field. Its fourteen easy-to-read chapters introduce cutting-edge research and present best practices and state-of-the-art methods. Each chapter concludes with an embedded QR code that connects readers to ancillary audiovisual materials and supplemental readings on a website curated by the authors. By mastering the material in this book, students will have the conceptual grounding needed to move on to higher-level development economics courses.

Randomized Control Trials in the Field of Development

Author : Florent Bédécarrats
Publisher : Oxford University Press
ISBN 13 : 0192635522
Total Pages : 448 pages
Book Rating : 4.1/5 (926 download)

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Book Synopsis Randomized Control Trials in the Field of Development by : Florent Bédécarrats

Download or read book Randomized Control Trials in the Field of Development written by Florent Bédécarrats and published by Oxford University Press. This book was released on 2020-09-17 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: In October 2019, Abhijit Banerjee, Esther Duflo, and Michael Kremer jointly won the 51st Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel "for their experimental approach to alleviating global poverty." But what is the exact scope of their experimental method, known as randomized control trials (RCTs)? Which sorts of questions are RCTs able to address and which do they fail to answer? The first of its kind, Randomized Control Trials in the Field of Development: A Critical Perspective provides answers to these questions, explaining how RCTs work, what they can achieve, why they sometimes fail, how they can be improved and why other methods are both useful and necessary. Bringing together leading specialists in the field from a range of backgrounds and disciplines (economics, econometrics, mathematics, statistics, political economy, socioeconomics, anthropology, philosophy, global health, epidemiology, and medicine), it presents a full and coherent picture of the main strengths and weaknesses of RCTs in the field of development. Looking beyond the epistemological, political, and ethical differences underlying many of the disagreements surrounding RCTs, it explores the implementation of RCTs on the ground, outside of their ideal theoretical conditions and reveals some unsuspected uses and effects, their disruptive potential, but also their political uses. The contributions uncover the implicit worldview that many RCTs draw on and disseminate, and probe the gap between the method's narrow scope and its success, while also proposing improvements and alternatives. Without disputing the contribution of RCTs to scientific knowledge, Randomized Control Trials in the Field of Development warns against the potential dangers of their excessive use, arguing that the best use for RCTs is not necessarily that which immediately springs to mind. Written in plain language, this book offers experts and laypeople alike a unique opportunity to come to an informed and reasoned judgement on RCTs and what they can bring to development.

Collected Papers in Theoretical Economics (Volume V): Economic Policy and Its Theoretical Bases

Author : Kaushik Basu
Publisher : Oxford University Press
ISBN 13 : 0199093814
Total Pages : 356 pages
Book Rating : 4.1/5 (99 download)

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Book Synopsis Collected Papers in Theoretical Economics (Volume V): Economic Policy and Its Theoretical Bases by : Kaushik Basu

Download or read book Collected Papers in Theoretical Economics (Volume V): Economic Policy and Its Theoretical Bases written by Kaushik Basu and published by Oxford University Press. This book was released on 2018-10-04 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective policymaking is based on economics which is a blend of empiricism as well as theory. It needs to be grounded not only in data, statistics, and the regularities observed therein, but also analytics, deductive reasoning, and logic, which are the constituents of theory. Published during 2009–16, the seven years that Basu spent as a policymaker—first as chief economic adviser to the Government of India and then as chief economist of the World Bank—this volume draws on the work done by empirical economists and is rooted in analytics, even while addressing practical, down-to-earth problems. The papers having a direct bearing on economic policymaking in this quintessential compilation range from topics such as financial regulation, global policy coordination, aspects of the Indian economy like fiscal and monetary policy design, inflation management, food-grain policy and, more generally, the influence of theory on government policymaking. The volume addresses some of the most compelling challenges of our times, from the global financial crisis and sub-prime mortgage breakdown to corruption control and the design of interventions to provide subsidized food to the disadvantaged segments of society.

Failing in the Field

Author : Dean Karlan
Publisher : Princeton University Press
ISBN 13 : 0691183139
Total Pages : 174 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Failing in the Field by : Dean Karlan

Download or read book Failing in the Field written by Dean Karlan and published by Princeton University Press. This book was released on 2018-12-18 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: A revealing look at the common causes of failures in randomized control experiments during field reseach—and how to avoid them All across the social sciences, from development economics to political science, researchers are going into the field to collect data and learn about the world. Successful randomized controlled trials have brought about enormous gains, but less is learned when projects fail. In Failing in the Field, Dean Karlan and Jacob Appel examine the taboo subject of failure in field research so that researchers might avoid the same pitfalls in future work. Drawing on the experiences of top social scientists working in developing countries, this book describes five common categories of failures, reviews six case studies in detail, and concludes with reflections on best (and worst) practices for designing and running field projects, with an emphasis on randomized controlled trials. Failing in the Field is an invaluable “how-not-to” guide to conducting fieldwork and running randomized controlled trials in development settings.

Field Experiments and Their Critics

Author : Dawn Langan Teele
Publisher : Yale University Press
ISBN 13 : 030016940X
Total Pages : 279 pages
Book Rating : 4.3/5 (1 download)

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Book Synopsis Field Experiments and Their Critics by : Dawn Langan Teele

Download or read book Field Experiments and Their Critics written by Dawn Langan Teele and published by Yale University Press. This book was released on 2014-01-07 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, social scientists have engaged in a deep debate over the methods appropriate to their research. Their long reliance on passive observational collection of information has been challenged by proponents of experimental methods designed to precisely infer causal effects through active intervention in the social world. Some scholars claim that field experiments represent a new gold standard and the best way forward, while others insist that these methods carry inherent inconsistencies, limitations, or ethical dilemmas that observational approaches do not. This unique collection of essays by the most influential figures on every side of this debate reveals its most important stakes and will provide useful guidance to students and scholars in many disciplines.

Handbook of Agricultural Economics

Author :
Publisher : Elsevier
ISBN 13 : 0323915027
Total Pages : 810 pages
Book Rating : 4.3/5 (239 download)

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Book Synopsis Handbook of Agricultural Economics by :

Download or read book Handbook of Agricultural Economics written by and published by Elsevier. This book was released on 2021-12-08 with total page 810 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Agricultural Economics, Volume Five highlights new advances in the field, with this new release exploring comprehensive chapters written by an international board of authors who discuss topics such as The Economics of Agricultural Innovation, Climate, food and agriculture, Agricultural Labor Markets: Immigration Policy, Minimum Wages, Etc., Risk Management in Agricultural Production, Animal Health and Livestock Disease, Behavioral and Experimental Economics to Inform Agri-Environmental Programs and Policies, Big Data, Machine Learning Methods for Agricultural and Applied Economists, Agricultural data collection to minimize measurement error and maximize coverage, Gender, agriculture and nutrition, Social Networks Analysis In Agricultural Economics, and more. Presents the latest release in the Handbook of Agricultural Economics Written and contributed by leaders in the field Covers topics such as The Economics of Agricultural Innovation, Climate, Food and Agriculture, Agricultural Labor Markets, and more