The Elusive Quest for Additionality
Patrick Carter (),
Nicolas Van de Sijpe and
Raphael Calel
No 495, Working Papers from Center for Global Development
Abstract:
Development Finance Institutions (DFIs) are frequently asked to demonstrate their additionality—meaning that they make investments that the private sector would not—but what evidence of additionality would look like is rarely articulated. This paper examines potential quantitative and qualitative evidence. We investigate whether it is possible to infer additionality from observational investment data, and show how the demand-led nature of DFIs’ business model can create bias in standard statistical techniques used to identify causal effects. Having established that rigorous evidence of additionality may continue to elude us, we discuss circumstantial evidence that would increase confidence that additionality is present, and propose a probabilistic approach to additionality.
Pages: 52 pages
Date: 2018-09-12
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Citations: View citations in EconPapers (8)
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Related works:
Journal Article: The elusive quest for additionality (2021)
Working Paper: The Elusive Quest for Additionality (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:cgd:wpaper:495
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