The New Development Economics: We Shall Experiment, but How Shall We Learn?
Development economics is split between macro-development economists--who focus on economic growth, international trade, and fiscal/macro policies--and micro-development economists--who study microfinance, education, health, and other social programs. Recently there has been substantial convergence in the policy mindset exhibited by micro evaluation enthusiasts, on the one hand, and growth diagnosticians, on the other. At the same time, the randomized evaluation revolution has led to an accentuation of the methodological divergence between the two camps. Overcoming the split requires changes on both sides. Macro-development economists need to recognize the distinct advantages of the experimental approach and adopt the policy mindset of the randomized evaluation enthusiasts. Micro-development economists, for their part, have to recognize that the utility of randomized evaluations is restricted by the narrow and limited scope of their application. As the Chinese example illustrates, extending the experimental mindset to the domain of economy-wide reforms is not just possible, it has already been practiced with resounding success in the most important development experience of our generation.
|Date of creation:||Oct 2008|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.ksg.harvard.edu/research/working_papers/index.htm
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mukand, Sharun W. & Rodrik, Dani, 2002.
"In Search of the Holy Grail: Policy Convergence, Experimentation and Economic Performance,"
CEPR Discussion Papers
3525, C.E.P.R. Discussion Papers.
- Sharun W. Mukand & Dani Rodrik, 2005. "In Search of the Holy Grail: Policy Convergence, Experimentation, and Economic Performance," American Economic Review, American Economic Association, vol. 95(1), pages 374-383, March.
- Sharun Mukand & Dani Rodrik, 2002. "In Search of the Holy Grail: Policy Convergence, Experimentation, and Economic Performance," NBER Working Papers 9134, National Bureau of Economic Research, Inc.
- Mukand, Sharun & Rodrik, Dani, 2002. "In Search of the Holy Grail: Policy Convergence, Experimentation and Economic Performance," Working Paper Series rwp02-027, Harvard University, John F. Kennedy School of Government.
- Hausmann, Ricardo & Pritchett, Lant & Rodrik, Dani, 2004.
Working Paper Series
rwp04-030, Harvard University, John F. Kennedy School of Government.
- Jessica Cohen & Pascaline Dupas, 2008. "Free Distribution or Cost-Sharing? Evidence from a Malaria Prevention Experiment," NBER Working Papers 14406, National Bureau of Economic Research, Inc.
- Martin Ravallion, 2009.
"Evaluation in the Practice of Development,"
World Bank Research Observer,
World Bank Group, vol. 24(1), pages 29-53, March.
- Banerjee, Abhijit & Bardhan, Pranab & Basu, Kaushik, 2005.
"New Directions in Development Economics: Theory or Empirics? A Symposium in Economic and Political Weekly,"
127128, Cornell University, Department of Applied Economics and Management.
- Abhijit Banerjee & Pranab Bardhan & Kaushik Basu & Ravi Kanbur & Dilip Mookherjee, 2005. "New Directions in Development Economics: Theory or Empirics? A Symposium in Economic and Political Weekly," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series DP-153, Boston University - Department of Economics.
- Robert T. Jensen & Nolan H. Miller, 2008. "Giffen Behavior and Subsistence Consumption," American Economic Review, American Economic Association, vol. 98(4), pages 1553-77, September.
When requesting a correction, please mention this item's handle: RePEc:ecl:harjfk:rwp08-055. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.