-TheWire.in The problem with the domination of RCTs in development is the depreciation of other, more relevant findings using different methodologies. This year’s Nobel prize in Economics has been awarded to the three researchers Abhijit Banerjee, Esther Duflo and Michael Kremer, who are well-known for their field experiments in the form of randomised controlled trials (RCTs). But can that methodology make meaningful contributions to solving the problem of our schools failing our...
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Employment falls first time -- by 9 million in 6 years: Study -Udit Misra
-The Indian Express The “total employment during 2011-12 and 2017-18 declined by 9 million”. Also,close to 2.6 million jobs were lost every year between 2011-12 and 2017-18. A NEW academic paper — written by Santosh Mehrotra and Jajati K Parida and published by the Centre of Sustainable Employment at the Azim Premji University on Thursday — has formally concluded that the total employment in India declined between 2011-12 and 2017-18. This is...
More »More women is good Economics -- economists -Shamika Ravi
-The Indian Express It is crucial for young girls to have female mentors because research shows that it encourages them to persevere ahead, despite difficulties. The person who convinced me to do a PhD in Economics was Abhijit Banerjee of MIT, when I worked with him on one of the first randomised controlled trials in the field of Economics in the late 1990s. During my PhD, I had the good fortune...
More »India must reform its seed sector before RCEP takes effect -Indra Shekhar Singh & Prabhakar Rao
-The Hindu Business Line The RCEP agreement, if implemented, will allow other countries to dump excess seeds in the Indian market. The current 100% FDI policy also threatens seed sovereignty With a confirmed Brexit, the days of liberal globalisation are numbered. Open borders, FTAs and multilateral agreements find no takers in the White House either. Leaders Boris Johnson and Donald Trump have heralded a clear and blunt message of tariffs, conservative Economics...
More »Vital additions to empirical research -Maitreesh Ghatak
-The Hindu Despite limitations, the use of randomised control trials has led to a paradigm shift in development policy evaluation If Rip Van Winkle was an academic economist and woke up from a two-decade long sleep this week, he would be baffled by the news of the Nobel Prize in Economics this year awarded to Abhijit Banerjee, Esther Duflo, and Michael Kremer for pioneering the use of randomised control trials (RCTs) in...
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