At a recent seminar someone joked that the effect size in any education intervention is always 0.1 standard deviations, regardless of what the intervention actually is. So a new study published last week in Science which has a 2.5 standard deviation effect certainly deserves attention. And then there is the small matter of one of the authors (Carl Wieman) being a Nobel Laureate in Physics and a Science advisor to President Obama.
David McKenzie's blog
Diseases like malaria, diarrhea and intestinal worms plague hundreds of millions of people in the developing world. A major puzzle for development researchers and practitioners is why the poor do not purchase available prevention technologies that could reduce the burden of these diseases. While much of the recent literature has focused on price elasticities of demand and behavioral explanations, another potential explanation is that liquidity constraints prevent the poor from undertaking profitable health investments.
Concerns about external validity are a common critique of micro work in development, especially experimental work. While not denying that it is useful to learn what works in a variety of different settings, there seems to be two forms of double-standard (or a double double-standard) going on: first, economic journals and economists in general seem to apply it to work on developing countries more than they do to other forms of research; and second, this concern seems to be expressed about experiments more than other micro work in development.
· Chris Blattman on a new paper by David Card, Stefano DellaVigna, and Ulrike Malmendier on how many experiments are getting published in top economics journals, and on the role of theory in these.
Abhijit and Esther very graciously agreed to reply to Monday’s review of their book. Here is their reply, followed by a couple of additional thoughts from me.
Hot on the heels of More than good Intentions comes an outstanding new book by two of the most prominent leaders of the recent push for more rigorous evaluation – Abhijit Banerjee and Esther Duflo’s Poor Economics: A Radical Rethinking of the way to Fight Global Poverty
Millions of dollars are spent each year trying to improve the productivity of firms in Africa (and those in other developing countries), yet we have very little rigorous evidence as to what works. In a new working paper I look at whether it is even possible to learn whether such policies even work, and what can be done to make progress.
Small number of firms + Large heterogeneity = Not much power
In response to an earlier blog post on marketing experiments, we noted that young creative researchers are working with NGOs to try out new innovative ways to alleviate poverty and spur development. A reader wrote with the following question:
More than Good Intentions: How a new economics is helping to solve global poverty is a personalized helicopter tour of many recent randomized controlled trials (RCTs) in developing countries. It is written by Dean Karlan, who has been a researcher in many of these experiments, and Jacob Appel, who worked for Dean in implementing many of these experiments in Ghana.