In a 2009 paper, David McKenzie and coauthors Chris Woodruff and Suresh de Mel find that giving cash grants to male entrepreneurs in Sri Lanka has a positive and significant return, while giving…

Markus Goldstein |

In my very first experiment, Suresh de Mel, Chris Woodruff, and I gave small grants of capital to microenterprises in Sri Lanka. We found that these one-time grants had lasting impacts on firm…

David McKenzie |

In the closing scene of Christopher Nolan’s The Dark Knight, Police Commissioner Gordon tells his son that Batman is “the hero Gotham deserves but not the one it needs right now” (video). This…

Development Impact Guest Blogger |

After seeing PowerPoint slides of the preliminary findings over the course of more than a year, it’s nice to be able to report that the six-country study that is evaluating the “ultra-poor…

Berk Özler |

This is the eleventh in our series of posts by students on the job market this year Researchers, policymakers and aid organizations have devoted lots of attention to improving access to credit and…

Development Impact Guest Blogger |

Measuring microenterprise profits is hard. Most owners of these small firms keep no records and have very volatile incomes.  Asking firm owners what their profits are can lead to high refusal…

David McKenzie |

There has been a lot of recent debate and discussion about the role of cash grants in aid, and whether aid is more effective when simply given as unrestricted cash compared to approaches such as…

David McKenzie |

Having stumbled upon this development economics symposium, which took place in DC on Saturday, this paper

Berk Özler |

“There is nothing in this book that needs to be confirmed by complex laboratory experiments. You have only to open the window or step into the street”, Hernando de Soto, The Other Path, p14., 1989…

David McKenzie |

Typical policies to improve the incomes of poor households and their businesses are based on the sustained provision of services – be it microfinance with multiple loan cycles and regular meetings…

David McKenzie |