Adam Osman is an Assistant Professor of Economics at the University of Illinois at Urbana-Champaign. His research centers on issues of youth unemployment and market access with a special emphasis on issues that affect the MENA region. Much of his work utilizes randomised control trials along side insights from economics to rigorously test theories about the impacts of the constraints faced by the poor in developing economies. He is currently working on projects that deal with issues including vocational education, apprenticeship training, Islamic microfinance, expanding credit access for SMEs, and studying the impacts of opening up access to foreign markets. He earned his Ph.D. in Economics from Yale University in 2014.
Evaluations of grant programmes have shown that the return to capital is high in developing countries, but the impacts of loans have only been modest. This column, originally published at VoxDev, shows that for microenterprises in Egypt, loans and grants increase incomes similarly, but only among certain recipients.