Is Development Economics a Good Investment?: Evidence on Scaling Rate and Social Returns


Is Development Economics a Good Investment?:

when 5:30‐6:45pm where Zoom Webinar who NYU Abu Dhabi Institute
Open to the Public

Is Development Economics a Good Investment?: Evidence on Scaling Rate and Social Returns

We develop a method to establish a lower bound on the benefit-cost ratio of development innovation funds by comparing the benefits of a subset of innovations which scaled to the cost of the entire portfolio. Applying the method to the early USAID Development Innovation Ventures portfolio suggests each dollar spent generated at least $17 in social benefits. Predictors of innovation scaling include low unit costs, distribution through existing large business or government, and rigorous A/B tests or Randomized Control Trials (RCTs) in collaboration with development economics researchers. A model accounting for these results suggests that funders seeking social returns can exploit arbitrage opportunities by investing in innovations for which expected social returns likely exceed private returns.

Time: 5:30pm Gulf Standard Time
             9:30am Eastern Daylight Time

Michael Kremer, Nobel Laureate; University Professor and Director of the Development Innovation Lab, University of Chicago
Arlie Petters, Provost, NYUAD
Yaw Nyarko, Professor of Economics, NYUAD; Director of NYU Africa House, the Center for Technology and Economic Development (CTED), and Co-Director of the Development Research Institute (DRI), NYU
Torsten Figueiredo Walter, Assistant Professor of Economics, NYUAD

In collaboration with

Register for this Event

Join our events mailing lists

Always be the first to know about what's going on in our community. Sign up for one of our newsletters and receive information on a wide variety of events such as exhibition, lectures, films, art performances, discussions and sessences.