Development
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Banerjee, Abhijit and Esther Duflo (2008), "The
Experimental Approach to Development Economics", NBER Working
Paper No. 14467.
Randomized experiments have become a popular tool in development
economics research, and have been the subject of a number of
criticisms. This paper reviews the recent literature, and discusses
the strengths and limitations of this approach in theory and in
practice. It concludes by discussing the relationship between theory
and experiments.