Publication: Is There a Cost-Effective Means of Training Microenterprises?
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Date
2020-02
ISSN
1564-698X
Published
2020-02
Author(s)
Brooks, Wyatt
Donovan, Kevin
Johnson, Terence R.
Abstract
Despite billions of dollars spent by policy institutions and academics, very few programs designed to increase managerial skills among microenterprises are cost-effective. This short paper highlights a mentorship program designed to provide managerial skills to Kenyan microenterprises, and it provides a detailed cost-benefit analysis. For each dollar spent on a treated firm, average profit increases by 1.63 USD; the result stems from both a higher program impact and lower cost relative to existing training programs. Motivated by this increased cost-effectiveness, the study then compares the program to the large literature focusing on “supply-side” interventions designed to increase managerial capacity in small firms, and it highlights particular margins on which mentorship improves on classroom training and also where training should focus.
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“Brooks, Wyatt; Donovan, Kevin; Johnson, Terence R.. 2020. Is There a Cost-Effective Means of Training Microenterprises?. World Bank Economic Review. © Published by Oxford University Press on behalf of the World Bank. http://hdl.handle.net/10986/36149 License: CC BY-NC-ND 3.0 IGO.”
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Cited 2 times in Scopus (View citations)