Giving Credit Where It Is Due
Author(s)
Banerjee, Abhijit; Duflo, Esther
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This paper shows how the productive interplay of theory and experimental work has
furthered our understanding of credit markets in developing countries. Descriptive facts motivated
a body of theory, which in turned motivated experiments designed to test it. Results
from these experiments reveal both the success and the limits of the theory, prompting new
work to refine it. We argue that the literature on credit can be a template research in other
domains.
Date issued
2010-06Department
Massachusetts Institute of Technology. Department of EconomicsJournal
Journal of Economic Perspectives
Publisher
American Economic Association
Citation
Banerjee, Abhijit V., and Esther Duflo. 2010. "Giving Credit Where It Is Due." Journal of Economic Perspectives, 24(3): 61–80.
Version: Author's final manuscript
ISSN
0895-3309