Poverty and Antipoverty: Comments on the Work of the 2019 Nobel Prize Winners in Economic Sciences

Abstract

Abstract:

Abhijit Banerjee, Esther Duflo and Michael Kremer won the Nobel Prize in Economic Sciences in 2019 for their experimental approach to alleviating global poverty. Their main contribution is to apply randomized controlled trials to empirical research in the field of development economics, and to propose effective solutions to the external validity of the method. As a result of their contribution, the research methods in this field are enhanced. At the same time, they use randomized controlled trials to study poverty and improve the worldwide ability to fight poverty in practice. This paper summarizes the research contributions of them, then analyzes the enlightenment of their research on China's poverty alleviation and rural revitalization, and finally visualizes the potential success that the global poverty reduction efforts may achieve in the future.

Key words: Nobel prize in economic sciences, poverty, development economics, randomized controlled trials, external validity

Nie Changhong, Chen Tong. Poverty and Antipoverty: Comments on the Work of the 2019 Nobel Prize Winners in Economic Sciences[J]. , 2019, 31(10): 3-9.

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