Impact Assessments in Finance and Private Sector Development : What Have We Learned and What Should We Learn?
Until recently rigorous impact evaluations have been rare in the area of finance and private sector development. One reason for this is the perception that many policies and projects in this area lend themselves less to formal evaluations. However,...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090527130847 http://hdl.handle.net/10986/4137 |
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okr-10986-4137 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESSIBILITY ADMINISTRATIVE DATA ADMINISTRATIVE RECORDS ADVISORY SERVICES APR BANK ACCOUNT BANK ACCOUNTS BANK POLICY BANKRUPTCY BANKS BENEFICIARIES BEST PRACTICES BRANCH BRANCHES BUSINESS ASSOCIATIONS BUSINESS CAPITAL BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS FORMATION BUSINESS OWNERS BUSINESS TRAINING CALCULATIONS CAPITAL INVESTMENT CAPITAL REQUIREMENT CAPITAL STOCK CASH PAYMENTS CASH TRANSFERS CHECKS COLLATERAL COMMODITY COMMODITY RISK MANAGEMENT CONSUMER CONSUMER CREDIT CONSUMER LOANS CONSUMER PROTECTION CONSUMERS CREDIT ACCESS CREDIT BUREAU CREDIT BUREAUS CREDIT CONSTRAINTS CREDIT GUARANTEE CREDIT GUARANTEES CREDIT MARKET CREDIT MARKET FAILURES CREDIT MARKETS CREDIT POLICIES CREDIT PROGRAMS CREDIT RECORDS CREDIT TRANSACTIONS DEBTS DEFAULT RATES DEMOGRAPHIC GROUPS DEVELOPING COUNTRIES DEVELOPMENT BANK DISABLED DISASTER RECOVERY DISPUTE RESOLUTION ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMPLOYMENT GROWTH ENTREPRENEURIAL ABILITY ENTREPRENEURIAL ACTIVITY ENTREPRENEURSHIP EQUIPMENT EXCLUSION EXPANSION FARMER FARMERS FEDERAL AGENCY FEMALE BORROWERS FINANCIAL CRISIS FINANCIAL ECONOMISTS FINANCIAL EDUCATION FINANCIAL INSTITUTIONS FINANCIAL LITERACY FINANCIAL LITERACY PROGRAMS FINANCIAL LITERACY TRAINING FINANCIAL STUDIES FINANCIAL SUPPORT FIRM SIZE FIRMS GENDER GENDER DIFFERENCES GENERAL POPULATION GREATER ACCESS GROUP LENDING GROUPS OF CONSUMERS HIGH INTEREST RATE HIGH INTEREST RATES HOUSEHOLD WELFARE HOUSEHOLDS INCOME GROWTH INCOMES INDIVIDUAL LOAN INDIVIDUAL LOANS INFORMATION ASYMMETRIES INSTRUMENT INSURANCE INSURANCE MARKET INSURANCE PREMIUM INSURANCE PRODUCT INSURANCE PRODUCTS INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCIAL INSTITUTIONS JOINT LIABILITY KEY CHALLENGES KNOWLEDGE GAP LABOR FORCE LABOR MARKET LACK OF CAPITAL LAWS LEGISLATION LENDER LENDING POLICIES LIQUIDATION LIQUIDITY LIQUIDITY CONSTRAINTS LOAN LOAN CLIENTS LOAN PERIODS LOAN PRODUCT LOAN PROGRAM LOW INTEREST RATES LOWER INTEREST RATES MARKET FAILURE MARKET INFORMATION MARKET INTEREST RATES MARKET REFORMS MARKETING MARKETING EFFORTS MEDIUM ENTERPRISES MICROCREDIT MICRODATA MICROENTERPRISES MICROFINANCE MICROFINANCE CLIENTS MICROFINANCE INSTITUTIONS MICROFINANCE ORGANIZATIONS MICROFINANCE SECTOR MINIMUM CAPITAL REQUIREMENT MORAL HAZARD MUNICIPALITIES NATURAL DISASTER NEGATIVE SHOCKS NEW COMPANY OLDER WORKERS OUTSTANDING LOANS PARTY PAYMENT SCHEDULES POLICY DESIGN POLITICAL ECONOMY POVERTY ALLEVIATION PRIORITY LENDING PROBABILITY PROFITABILITY PROFITABLE INVESTMENTS RECEIPT REGULATORY REFORM REGULATORY REFORMS REORGANIZATION REPAYMENT REPAYMENT RATES RETURN RETURNS RISK AVERSION RISK MANAGEMENT RISK MITIGATION SALES SALES GROWTH SEES SELF-EMPLOYMENT SEVERANCE PAY SMALL BUSINESS SMALL BUSINESS OWNERS SMALL FIRMS SMALLHOLDERS SME SME LENDING SME SECTOR SOCIAL PROTECTION SOCIAL SECURITY SOURCE OF INCOME START-UPS STATE UNIVERSITY STORE TAKE-UP RATE TAKE-UP RATES TECHNICAL ASSISTANCE TERMINATION TERRORISM TRADE CREDIT TRAINING PROGRAM TRAINING PROGRAMS TRANSACTION VILLAGE VILLAGES VULNERABLE GROUPS WAGE WAGES WORKING CAPITAL |
| spellingShingle |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESSIBILITY ADMINISTRATIVE DATA ADMINISTRATIVE RECORDS ADVISORY SERVICES APR BANK ACCOUNT BANK ACCOUNTS BANK POLICY BANKRUPTCY BANKS BENEFICIARIES BEST PRACTICES BRANCH BRANCHES BUSINESS ASSOCIATIONS BUSINESS CAPITAL BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS FORMATION BUSINESS OWNERS BUSINESS TRAINING CALCULATIONS CAPITAL INVESTMENT CAPITAL REQUIREMENT CAPITAL STOCK CASH PAYMENTS CASH TRANSFERS CHECKS COLLATERAL COMMODITY COMMODITY RISK MANAGEMENT CONSUMER CONSUMER CREDIT CONSUMER LOANS CONSUMER PROTECTION CONSUMERS CREDIT ACCESS CREDIT BUREAU CREDIT BUREAUS CREDIT CONSTRAINTS CREDIT GUARANTEE CREDIT GUARANTEES CREDIT MARKET CREDIT MARKET FAILURES CREDIT MARKETS CREDIT POLICIES CREDIT PROGRAMS CREDIT RECORDS CREDIT TRANSACTIONS DEBTS DEFAULT RATES DEMOGRAPHIC GROUPS DEVELOPING COUNTRIES DEVELOPMENT BANK DISABLED DISASTER RECOVERY DISPUTE RESOLUTION ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMPLOYMENT GROWTH ENTREPRENEURIAL ABILITY ENTREPRENEURIAL ACTIVITY ENTREPRENEURSHIP EQUIPMENT EXCLUSION EXPANSION FARMER FARMERS FEDERAL AGENCY FEMALE BORROWERS FINANCIAL CRISIS FINANCIAL ECONOMISTS FINANCIAL EDUCATION FINANCIAL INSTITUTIONS FINANCIAL LITERACY FINANCIAL LITERACY PROGRAMS FINANCIAL LITERACY TRAINING FINANCIAL STUDIES FINANCIAL SUPPORT FIRM SIZE FIRMS GENDER GENDER DIFFERENCES GENERAL POPULATION GREATER ACCESS GROUP LENDING GROUPS OF CONSUMERS HIGH INTEREST RATE HIGH INTEREST RATES HOUSEHOLD WELFARE HOUSEHOLDS INCOME GROWTH INCOMES INDIVIDUAL LOAN INDIVIDUAL LOANS INFORMATION ASYMMETRIES INSTRUMENT INSURANCE INSURANCE MARKET INSURANCE PREMIUM INSURANCE PRODUCT INSURANCE PRODUCTS INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCIAL INSTITUTIONS JOINT LIABILITY KEY CHALLENGES KNOWLEDGE GAP LABOR FORCE LABOR MARKET LACK OF CAPITAL LAWS LEGISLATION LENDER LENDING POLICIES LIQUIDATION LIQUIDITY LIQUIDITY CONSTRAINTS LOAN LOAN CLIENTS LOAN PERIODS LOAN PRODUCT LOAN PROGRAM LOW INTEREST RATES LOWER INTEREST RATES MARKET FAILURE MARKET INFORMATION MARKET INTEREST RATES MARKET REFORMS MARKETING MARKETING EFFORTS MEDIUM ENTERPRISES MICROCREDIT MICRODATA MICROENTERPRISES MICROFINANCE MICROFINANCE CLIENTS MICROFINANCE INSTITUTIONS MICROFINANCE ORGANIZATIONS MICROFINANCE SECTOR MINIMUM CAPITAL REQUIREMENT MORAL HAZARD MUNICIPALITIES NATURAL DISASTER NEGATIVE SHOCKS NEW COMPANY OLDER WORKERS OUTSTANDING LOANS PARTY PAYMENT SCHEDULES POLICY DESIGN POLITICAL ECONOMY POVERTY ALLEVIATION PRIORITY LENDING PROBABILITY PROFITABILITY PROFITABLE INVESTMENTS RECEIPT REGULATORY REFORM REGULATORY REFORMS REORGANIZATION REPAYMENT REPAYMENT RATES RETURN RETURNS RISK AVERSION RISK MANAGEMENT RISK MITIGATION SALES SALES GROWTH SEES SELF-EMPLOYMENT SEVERANCE PAY SMALL BUSINESS SMALL BUSINESS OWNERS SMALL FIRMS SMALLHOLDERS SME SME LENDING SME SECTOR SOCIAL PROTECTION SOCIAL SECURITY SOURCE OF INCOME START-UPS STATE UNIVERSITY STORE TAKE-UP RATE TAKE-UP RATES TECHNICAL ASSISTANCE TERMINATION TERRORISM TRADE CREDIT TRAINING PROGRAM TRAINING PROGRAMS TRANSACTION VILLAGE VILLAGES VULNERABLE GROUPS WAGE WAGES WORKING CAPITAL McKenzie, David Impact Assessments in Finance and Private Sector Development : What Have We Learned and What Should We Learn? |
| geographic_facet |
The World Region |
| relation |
Policy Research working paper ; no. WPS 4944 |
| description |
Until recently rigorous impact
evaluations have been rare in the area of finance and
private sector development. One reason for this is the
perception that many policies and projects in this area lend
themselves less to formal evaluations. However, a vanguard
of new impact evaluations on areas as diverse as fostering
microenterprise growth, microfinance, rainfall insurance,
and regulatory reform demonstrates that in many
circumstances serious evaluation is possible. The purpose of
this paper is to synthesize and distil the policy and
implementation lessons emerging from these studies, use them
to demonstrate the feasibility of impact evaluations in a
broader array of topics, and thereby help prompt new impact
evaluations for projects going forward. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
McKenzie, David |
| author_facet |
McKenzie, David |
| author_sort |
McKenzie, David |
| title |
Impact Assessments in Finance and Private Sector Development :
What Have We Learned and What Should We Learn? |
| title_short |
Impact Assessments in Finance and Private Sector Development :
What Have We Learned and What Should We Learn? |
| title_full |
Impact Assessments in Finance and Private Sector Development :
What Have We Learned and What Should We Learn? |
| title_fullStr |
Impact Assessments in Finance and Private Sector Development :
What Have We Learned and What Should We Learn? |
| title_full_unstemmed |
Impact Assessments in Finance and Private Sector Development :
What Have We Learned and What Should We Learn? |
| title_sort |
impact assessments in finance and private sector development :
what have we learned and what should we learn? |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090527130847 http://hdl.handle.net/10986/4137 |
| _version_ |
1764390079553339392 |
| spelling |
okr-10986-41372021-04-23T14:02:15Z Impact Assessments in Finance and Private Sector Development : What Have We Learned and What Should We Learn? McKenzie, David ACCESS TO CREDIT ACCESS TO FINANCE ACCESSIBILITY ADMINISTRATIVE DATA ADMINISTRATIVE RECORDS ADVISORY SERVICES APR BANK ACCOUNT BANK ACCOUNTS BANK POLICY BANKRUPTCY BANKS BENEFICIARIES BEST PRACTICES BRANCH BRANCHES BUSINESS ASSOCIATIONS BUSINESS CAPITAL BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS FORMATION BUSINESS OWNERS BUSINESS TRAINING CALCULATIONS CAPITAL INVESTMENT CAPITAL REQUIREMENT CAPITAL STOCK CASH PAYMENTS CASH TRANSFERS CHECKS COLLATERAL COMMODITY COMMODITY RISK MANAGEMENT CONSUMER CONSUMER CREDIT CONSUMER LOANS CONSUMER PROTECTION CONSUMERS CREDIT ACCESS CREDIT BUREAU CREDIT BUREAUS CREDIT CONSTRAINTS CREDIT GUARANTEE CREDIT GUARANTEES CREDIT MARKET CREDIT MARKET FAILURES CREDIT MARKETS CREDIT POLICIES CREDIT PROGRAMS CREDIT RECORDS CREDIT TRANSACTIONS DEBTS DEFAULT RATES DEMOGRAPHIC GROUPS DEVELOPING COUNTRIES DEVELOPMENT BANK DISABLED DISASTER RECOVERY DISPUTE RESOLUTION ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMPLOYMENT GROWTH ENTREPRENEURIAL ABILITY ENTREPRENEURIAL ACTIVITY ENTREPRENEURSHIP EQUIPMENT EXCLUSION EXPANSION FARMER FARMERS FEDERAL AGENCY FEMALE BORROWERS FINANCIAL CRISIS FINANCIAL ECONOMISTS FINANCIAL EDUCATION FINANCIAL INSTITUTIONS FINANCIAL LITERACY FINANCIAL LITERACY PROGRAMS FINANCIAL LITERACY TRAINING FINANCIAL STUDIES FINANCIAL SUPPORT FIRM SIZE FIRMS GENDER GENDER DIFFERENCES GENERAL POPULATION GREATER ACCESS GROUP LENDING GROUPS OF CONSUMERS HIGH INTEREST RATE HIGH INTEREST RATES HOUSEHOLD WELFARE HOUSEHOLDS INCOME GROWTH INCOMES INDIVIDUAL LOAN INDIVIDUAL LOANS INFORMATION ASYMMETRIES INSTRUMENT INSURANCE INSURANCE MARKET INSURANCE PREMIUM INSURANCE PRODUCT INSURANCE PRODUCTS INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCIAL INSTITUTIONS JOINT LIABILITY KEY CHALLENGES KNOWLEDGE GAP LABOR FORCE LABOR MARKET LACK OF CAPITAL LAWS LEGISLATION LENDER LENDING POLICIES LIQUIDATION LIQUIDITY LIQUIDITY CONSTRAINTS LOAN LOAN CLIENTS LOAN PERIODS LOAN PRODUCT LOAN PROGRAM LOW INTEREST RATES LOWER INTEREST RATES MARKET FAILURE MARKET INFORMATION MARKET INTEREST RATES MARKET REFORMS MARKETING MARKETING EFFORTS MEDIUM ENTERPRISES MICROCREDIT MICRODATA MICROENTERPRISES MICROFINANCE MICROFINANCE CLIENTS MICROFINANCE INSTITUTIONS MICROFINANCE ORGANIZATIONS MICROFINANCE SECTOR MINIMUM CAPITAL REQUIREMENT MORAL HAZARD MUNICIPALITIES NATURAL DISASTER NEGATIVE SHOCKS NEW COMPANY OLDER WORKERS OUTSTANDING LOANS PARTY PAYMENT SCHEDULES POLICY DESIGN POLITICAL ECONOMY POVERTY ALLEVIATION PRIORITY LENDING PROBABILITY PROFITABILITY PROFITABLE INVESTMENTS RECEIPT REGULATORY REFORM REGULATORY REFORMS REORGANIZATION REPAYMENT REPAYMENT RATES RETURN RETURNS RISK AVERSION RISK MANAGEMENT RISK MITIGATION SALES SALES GROWTH SEES SELF-EMPLOYMENT SEVERANCE PAY SMALL BUSINESS SMALL BUSINESS OWNERS SMALL FIRMS SMALLHOLDERS SME SME LENDING SME SECTOR SOCIAL PROTECTION SOCIAL SECURITY SOURCE OF INCOME START-UPS STATE UNIVERSITY STORE TAKE-UP RATE TAKE-UP RATES TECHNICAL ASSISTANCE TERMINATION TERRORISM TRADE CREDIT TRAINING PROGRAM TRAINING PROGRAMS TRANSACTION VILLAGE VILLAGES VULNERABLE GROUPS WAGE WAGES WORKING CAPITAL Until recently rigorous impact evaluations have been rare in the area of finance and private sector development. One reason for this is the perception that many policies and projects in this area lend themselves less to formal evaluations. However, a vanguard of new impact evaluations on areas as diverse as fostering microenterprise growth, microfinance, rainfall insurance, and regulatory reform demonstrates that in many circumstances serious evaluation is possible. The purpose of this paper is to synthesize and distil the policy and implementation lessons emerging from these studies, use them to demonstrate the feasibility of impact evaluations in a broader array of topics, and thereby help prompt new impact evaluations for projects going forward. 2012-03-19T19:10:36Z 2012-03-19T19:10:36Z 2009-05-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090527130847 http://hdl.handle.net/10986/4137 English Policy Research working paper ; no. WPS 4944 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region |