What's the cost of a fair price?
IPA's President, Dean Karlan, recently came to La Paz for a jam-packed day of meeting with all of our partners. Of course, at above 12,000 feet, La Paz isn't a good place to arrive just in time for an exhausting day with no lunch. Unsurprisingly, by 7pm we were suffering, so we struck out for the country director's house down in the suburbs, where there's more air.
The bus ride down from La Paz to the Beni in Bolivia is breathtaking, sometimes because the scenery catches you off guard when you round a bend and sometimes because you too vividly imagine the next few seconds of your life as a thousand foot freefall to a rocky riverbed below.
The World Bank's Private Sector Development blog discusses the findings of a new study on the informal sector in Bolivia by IPA Research Affiliate David McKenzie:
There’s been more activity on the question of the importance of RCTs. Last week, Bill Easterly wrote his thoughts about randomized controlled trials (RCTs) on his blog, and Chris Blattman posted a response. Both of them seem to take the perspective that academic research should produce new theory and/or create major policy recommendations.