A CEPR / DFID Research Initiative

This study employs credit scoring for SMEs and measures the impact of credit on SME growth, both directly for those receiving loans and indirectly for their competitors.
Can internship programmes provide young entrepreneurs with valuable experiential learning on successful management practices and promote 'learning by doing'?
This study uses a Brazilian tax reform to analyse the production loss caused by a type of tax common in developing countries that distorts transactions between firms. It finds that removing this turnover tax led to a large expansion of Brazilian sectors that use intermediate inputs more intensively.
Limited access to capital, risk of unpredictable price fluctuations, and the availability of more profitable alternatives may limit traders’ willingness to arbitrage away seasonal price fluctuations in African agricultural markets.
In contexts where ownership as a mode of access to productive assets is limited, research shows that leasing has a strong positive impact on micro-entrepreneur performance and differentiation from competitors.

Private Enterprise Development for Low-Income Countries (PEDL) is a joint research initiative of the Centre for Economic Policy Research (CEPR) and the Department For International Development (DFID). It offers a competitive research grants scheme for projects related to the behaviour of firms in Low-Income Countries (LICs) that aim to better understand what determines the strength of market forces driving efficiency in these countries.

Since the launch of the initiative in December 2011, 66 Exploratory Grants, 17 Major Grants and 28 Special Exploratory Grants have been awarded, ranging from business transformation in low-income countries to market incentives and efficiency.

An important criterion for funding of grant proposals is their relevance to policy in Low-Income Countries (LICs) and other eligible countries as defined by the PEDL programme. For more information on our grants, please see our Funding page.