Right! Except for anti-poverty interventions targeting public goods, which would be underfunded not because of a market inefficiency, but a political one, most likely AFAICT. And there are also possible other explanations than market failures, such as a high fix cost for loans maybe. But it’s still evidence, in either case, that anti-poverty interventions don’t have that high a ROI.
Right! Except for anti-poverty interventions targeting public goods, which would be underfunded not because of a market inefficiency, but a political one, most likely AFAICT. And there are also possible other explanations than market failures, such as a high fix cost for loans maybe. But it’s still evidence, in either case, that anti-poverty interventions don’t have that high a ROI.