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News from the Elite Doctorate Programs

The Prize in Economic Sciences in Memory of Alfred Nobel 2019

This year’s Nobel Prize in Economics honors Abhijit Banerjee, Esther Duflo and Michael Kremer for their evidence-based research in the fight against poverty. Their cutting- edge academic approach in field experiments has furthered our understanding of successful economic interventions and delivered real change for participants. For years, students in the Evidence-Based Economics graduate program of the Elite Network of Bavaria have tackled important economic questions in this spirit.

The Nobel Prize for evidence-based economic research

The latest Nobel Prize honors not only academic advancement but also its importance for understanding and shaping economic interactions and society at large. Abhijit Banerjee, Esther Duflo and Michael Kremer conduct field experiments in order to understand how to design interventions and incentives to have the most effective impact. The insights gathered inform policy decisions in the field of economic development, and particularly poverty alleviation. The winners are not only committed to rigorous research, but also to how its results positively impact people's lives. This achievement has an outreach far beyond its academic significance.

Recognition of state of the art approach, and young and female researchers

The Nobel Prize honors the state of the art experimental, evidence-based approach and admits three relatively young researchers in the distinguished group of Nobel laureates. Indeed, Esther Duflo is the youngest researcher and only the second women ever to receive the Nobel Prize in Economics. This is an encouraging development for the whole economic discipline and particularly motivating for young female economic scholars.

Evidence-Based Economics graduate program at the frontier of latest developments

The Elite Network of Bavaria's graduate program Evidence-Based Economics (EBE) does not merely follow these latest developments but is at its frontier. As its name suggests, it is designed to train young researchers in the evidence-based approach, may it be with a view to (field-) experiments, working with firm data, or formulating more encompassing economic theory. The EBE is dedicated to gender equality and diversity of its doctoral students, and is pleased to see that great researchers with varying backgrounds are recognized with the highest accolade of the discipline. The EBE is further grateful for the generous support of the Elite Network of Bavaria.

Text: IDK Evidence-Based Economics

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