As many as 50 million people in Pakistan may still live without connection to the electric grid. Pakistan also has some of the world's worst power outages. Using data from a nationally representative two-period panel survey, this paper presents the first empirical evidence on the cost of...

As many as 50 million people in Pakistan may still live without connection to the electric grid. Pakistan also has some of the world's worst power outages. Using data from a nationally representative two-period panel survey, this paper presents the first empirical evidence on the cost of...

Micro-finance supports mainly informal activities that often have low market demand. It may be thus hypothesized that the aggregate poverty impact of micro-finance in an economy with low economic growth is modest or nonexistent. The observed borrower-level poverty impact is then a result of...

Micro-finance supports mainly informal activities that often have low market demand. It may be thus hypothesized that the aggregate poverty impact of micro-finance in an economy with low economic growth is modest or nonexistent. The observed borrower-level poverty impact is then a result of...

Microfinance supports mainly informal activities that often have a low return and low market demand. It may therefore be hypothesized that the aggregate poverty impact of microfinance is modest or even nonexistent. If true, the poverty impact of microfinance observed at the participant level...