UC Davis Agricultural and Resource Economics

Michael Carter Wins AAEA Publication of Enduring Quality Award

July 31, 2019

ARE Professor Michael Carter has won the 2019 Publication of Enduring Quality Award from the Agricultural and Applied Economics Association (AAEA) for his paper "The Economics of Poverty Traps and Persistent Poverty: An Asset-Based Approach," published in the Journal of Development Studies. The paper, written with Chris Barrett of Cornell University, has had a far-reaching impact on the way economists think about poverty traps. Empirical studies typically measure who is poor at a given point in time. Carter and Barrett focus on the question of who is likely to remain poor in the future. It develops asset-based poverty measures that help us understand the structure and persistence of poverty. It also presents feasible estimation strategies to identify poverty traps and extends the widely-used Foster-Greer-Thorbecke class of poverty measures.

The Publication of Enduring Quality Award recognizes publications that are at least 10 years old and are judged to have had a major long-term impact on the profession. It is one of the most prestigious awards given out by the AAEA each year.

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