Micro and small enterprises (MSEs) in developing countries are typically considered to be severely credit constrained. Additionally, high business risks may partly explain why capital stocks of MSEs remain low. This article analyzes the determinants of capital stocks of MSEs in poor economies...

Germany's education system stands out among OECD countries for early tracking: students are tracked into different secondary school types at the age of ten in most German states. In this paper we estimate the effects on educational outcomes of a reform that delayed tracking by two years. While...

In the absence of reliable and exhaustive income data, Proxy Means Tests (PMTs) are frequently employed as a cost-effective way to identify income-poor beneficiaries of targeted anti-poverty programs. However, their usefulness depends on whether proxies accurately identify the income poor. Based...

Livestock holdings in rural areas of the West African Semi-arid Tropics (WASAT) are often substantial yet there is little evidence for precautionary saving in the form of livestock out of transitory income. The present paper re-visits farm households’ ability to smooth consumption ex post via...

Most numerical targets within the framework of the Millennium Development Goals (MDGs) are overly ambitious for the poorest countries when interpreted as country-specific goals. As a consequence, the current system undermines accountability and ownership and jeopardizes the public support the...

One of the most frequent critiques of the HDI is that it does not take into account inequality within countries in its three dimensions. In this paper, we apply a simple approach to compute the three components and the overall HDI for quintiles of the income distribution. This allows comparison...

In 2002 Malawi experienced a serious shortage of cereals due to adverse climatic conditions. The World Food Programme assumed that about 2.1 to 3.2 million people were threatened of starvation at that time. However, not much research has been undertaken to investigate the actual consequences of...

There is a well-known debate about the role of institutions in explaining the long-term development of countries. We believe there is value-added to consider the institutions hypothesis at the micro level within a country to analyze the exact transmission channels linking endogenous...