Template-Type: ReDIF-Article 1.0

Author-Name: Klára Major
Author-Workplace-Name: Corvinus University of Budapest
Author-Email: major@uni-corvinus.hu

Title: Studying Poverty in Economics – The Work of the 2019 Nobel Prize Laureates

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: the effect of the development
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.

Classification-JEL: B31, B41, O12, C93
Keywords: poverty, development economics, Nobel Prize in Economic Sciences
Pages: 119-131
Volume: 19
Issue: 1
Year: 2020
File-URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-19-1-e1-major.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:19:y:2020:i:1:p:119-131