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UNDERSTANDING DEVELOPMENT AND POVERTY ALLEVIATION

14 OCTOBER 2019 Scientific Background on the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2019 UNDERSTANDING DEVELOPMENT AND POVERTY ALLEVIATIONThe Committee for the Prize in Economic Sciences in Memory of Alfred NobelTHE ROYAL SWEDISH ACADEMY OF SCIENCES, founded in 1739, is an independent organisation whose overall objective is to promote the sciences and strengthen their influence in society. The Academy takes special responsibility for the natural sciences and mathematics, but endeavours to promote the exchange of ideas between various 50005 (LILLA FRESCATIV GEN 4 A), SE-104 05 STOCKHOLM, SWEDEN TEL +46 8 673 95 00, Scientific Background on the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2019 U

government failures, credit constraints, insurance failures, externalities, family dynamics, or behavioral issues — can help explain the misallocation. The first step to understanding why some countries are poor is thus to empirically identify important sources of …

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