By Jessica Cohen, William Easterly
What Works in improvement? brings jointly major specialists to handle essentially the most simple but vexing matters in improvement: what will we particularly find out about what works- and what does not - in struggling with worldwide poverty? The members, together with a few of the world's Most worthy financial improvement analysts, specialise in the continuing debate over which paths to improvement really maximize effects. may still we emphasize a big-picture process - targeting the position of associations, macroeconomic rules, progress suggestions, and different country-level elements? Or is a extra grassroots strategy find out how to move, with the focal point on specific microeconomic interventions reminiscent of conditional funds transfers, mattress nets, and different microlevel advancements in carrier supply at the flooring? The booklet makes an attempt to discover a consensus on which technique is perhaps more advantageous. The participants contain Nana Ashraf (Harvard enterprise School), Abhijit Banerjee (MIT), Nancy Birdsall (Center for worldwide Development), Anne Case (Princeton University), Jessica Cohen (Brookings),William Easterly (NYU and Brookings),Alaka Halla (Innovations for Poverty Action), Ricardo Hausman (Harvard University), Simon Johnson (MIT), Peter Klenow (Stanford University), Michael Kremer (Harvard), Ross Levine (Brown University), Sendhil Mullainathan (Harvard), Ben Olken (MIT), Lant Pritchett (Harvard), Martin Ravallion (World Bank), Dani Rodrik (Harvard), Paul Romer (Stanford University), and DavidWeil (Brown).
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Extra info for What Works in Development?: Thinking Big and Thinking Small
Kremer, Michael. 1993. C. ” Quarterly Journal of Economics 108 (August): 681–716. Kremer, Michael, Jean N. Lee, and Jonathan Robinson. 2008. “The Return to Capital for Small Retailers in Kenya: Evidence from Inventories,” unpublished. Levy, Santiago. 2006. Progress against Poverty: Sustaining Mexico’s Progresa-Oportunidades Program. Brookings. Pritchett, Lant. 2008. ” In Reinventing Foreign Aid, edited by William Easterly, pp. 121–44. MIT Press. Pritchett, Lant, Deepa Narayan, and Soumya Kapoor.
01-0282-5 CH 1:Cohen-Easterly 10/6/09 introduction 1:49 PM Page 21 21 Evidence versus Prejudice REs represent progress in having added to the kit of empirical research a tool that alters the priors of other academics as well as policymakers when there is a strong result (particularly if it helps test a behavioral model). The effect on priors is perhaps the real acid test of what this methodology has to contribute. One commonly cited benefit of REs is that they have raised the bar for what is considered plausible evidence about what works in development.
In fact, such arguments are not too different from those in defense of a set of instrumental variables (IVs) employed in a conventional econometrics study with weaker internal validity. Moreover, in the public discussion of the Cohen-Dupas evaluation, opponents of free distribution were able to offer a wealth of reasons as to why these results could not be generalized. The debate on free distribution versus cost sharing was hardly settled. Randomized evaluation did not yield hard evidence when it came to the actual policy questions of interest.