Journal Article

Impact Assessments in Finance and Private Sector Development: What Have We Learned and What Should We Learn?

David McKenzie

in The World Bank Research Observer

Published on behalf of World Bank

Volume 25, issue 2, pages 209-233
Published in print August 2010 | ISSN: 0257-3032
Published online December 2009 | e-ISSN: 1564-6971 | DOI: http://dx.doi.org/10.1093/wbro/lkp011
Impact Assessments in Finance and Private Sector Development: What Have We Learned and What Should We Learn?

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  • Design of Experiments
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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 distill 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.

Keywords: O16; O17; C93

Journal Article.  11073 words. 

Subjects: Design of Experiments ; Economic Development

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