Six randomized control trials were published simultaneously in one issue of the 'American Economic Journal: Applied Economics' in 2015. The studies show no or minimal impact from providing microloans to clients and have led many researchers and policy makers to conclude that microfinance has...

Six randomized control trials were published simultaneously in one issue of the “American Economic Journal: Applied Economics” in 2015. The studies show no or minimal impact from providing microloans to clients and have led many researchers and policy makers to conclude that microfinance has...

The origins of "capital fundamentalism' - the notion that physical capital accumulation is the primary determinant of economic growth - have been often ascribed to H arrod's and Domar's proposition that the rate of growth is the product of the saving rate and of the output-capital ratio. I t is...

In the late 1970s Paul Samuelson drafted the outline of a paper, never published, with a critical assessment of the theoretical innovations of postwar development economics. He found the subject essentially intractable. The present paper discusses how that assessment fits in Samuelson's...

Development accounting literature usually attributes the observed cross-country variation in per capita income to differences in countries' factor endowments and total factor productivity (the Solow residual). While the former can be relatively straightforward interpreted and measured, the...

This paper argues that welfare programs are linked with the destruction of social capital, as measured by interpersonal trust in laboratory games. The paper employs experimental data for representative samples of individuals in four Latin American capital cities (Bogota, Lima, Montevideo, and...

This paper argues that welfare programs are linked with the destruction of social capital, as measured by interpersonal trust in laboratory games. The paper employs experimental data for representative samples of individuals in four Latin American capital cities (Bogota, Lima, Montevideo, and...

Development accounting literature usually attributes the observed cross-country variation in per capita income to differences in countries' factor endowments and total factor productivity (the Solow residual). While the former can be relatively straightforward interpreted and measured, the...

This paper was prepared for the Angus Maddison Memorial conference, held in November 2010 at the International Institute of Social History in Amsterdam. The paper reflects on Angus Maddison's contributions to development economics. It focuses on the following issues: 1. quantification in...

The origins of "capital fundamentalism' – the notion that physical capital accumulation is the primary determinant of economic growth – have been often ascribed to H arrod's and Domar's proposition that the rate of growth is the product of the saving rate and of the outpu t - capital ratio....