A CEPR / DFID Research Initiative

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.
Read about our research highlights and open calls in our latest PEDL Newsletter.
PEDL's second December Conference kicked off at Warwick with our LIC-based and Ph.D. researchers, followed by a two-day session in London at the British Academy with more of our grantees.
By analyzing small-scale enterprises in Egypt's carpet industry, this project disentangles causal effects of exporting on productivity and welfare measures, as well as analyzes the firm-specific factors that contribute to export success.

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.