Economics Explored

Randomised controlled trials & economic development

Episode Summary

The 2019 Nobel Prize in Economics was won by economists aiming to reduce poverty in developing economies by learning what works through randomised controlled trials. Economics Explained host Gene Tunny is joined this episode by Associate Professor Andreas Chai of Griffith University to discuss the contributions made by the 2019 Nobel prize winners to the field of economic development or, more specifically, poverty alleviation.

Episode Notes

This episode’s guest Associate Professor Andreas Chai is Discipline Head of Economics and Business Statistics in the Griffith University Business School. He has previously worked at the Australian Productivity Commission and the Australia Treasury. Andreas is well-placed to speak about economic development, as he has consulted to international organisations such as the United Nations Industrial Development Organisation on economic development issues.

Use these timestamps to jump right into Gene and Andreas’s conversation: