![]() In examining these and other issues, Banerjee and Duflo often start with an anecdotal report of the behavior of (or circumstances and issues confronting) a poor individual. For example, researchers in Kenya offered mosquito nets at prices ranging from somewhat subsidized to free, to ascertain how sensitive the use of the protective nets was to price (very sensitive to price but not sensitive to users' income).īehavior in the areas of public health, teacher school attendance, household saving and borrowing (especially microcredit), setup and expansion of small businesses, children's school enrollment, and much else are reported. ![]() ![]() The intellectual entrepreneurs and founders of RCTs, Abhijit Banerjee and Esther Duflo, have synthesized a large number of results and proceeded to draw inferences for policies designed to lift the poor out of poverty in this eminently readable and important book.Īs their name implies, RCTs study the responses of various groups of individuals or firms, controlling for other characteristics that influence behavior, when confronted with a new set of circumstances. The most significant increase in understanding in development economics in recent years has come from the growth of randomized control trials (RCTs) to learn about the behavior of individuals in poor countries. Listen to podcast: Putting the poor front and center ![]() 2Ī Radical Rethinking of the Way to Fight Global Poverty ![]()
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