Publications

Fintech_india
Nathan Associates India Analyses Scope and Potential of the Indian Fintech Market

February 14, 2017

Nathan’s India office recently analysed the financial technology sector in India for the British High Commission in New Delhi. Financial technology, called fintech, is relatively new in India but has already attracted an investment of over $2.5 billion. The report examines the demand, supply, policy and regulatory environment, and other support functions and enablers of the fintech market in India. Indian fintech has primarily supplied digital payment services, as well as personal finance, wealth management, alternative lending, and data analytics services, however, fintech firms in India have access to a unique demand opportunity because the potential consumer market for fintech is so large and its financial needs so diverse. A large part of this potential market is the portion of the Indian population with little to no access to financial services, who have the most to gain from fintech as the industry advances.

Industrial Game Over
Industrial Game Over: Can Low-Income Countries Grow through Services Rather than Industry?

May 2016

In a global economy with fewer opportunities to industrialize, low-income  countries will need to embed the service sector in their vision for inclusive growth. Marco Antonielli, a consultant at Nathan Associates in London, explores the challenges that low-income countries face to industrialize and the opportunities for inclusive growth in the service sector.

SME Financing - How To
SME Financing – How To 

April 2016

This Topic Guide focuses on the financial instruments available to help bridge the financing gap for SMEs, reviewing existing financing programmes and their impacts and drawing out lessons learnt.

If rural areas were to be the target for donor programmes to create economic opportunities for those unable to make a living from primary agricultural production, what is the evidence on the best entry points?
If rural areas were to be the target for donor programmes to create economic opportunities for those unable to make a living from primary agricultural production, what is the evidence on the best entry points?

February 2016

This paper attempts to provide systematic evidence on how activities can serve as entry points to relieve development bottlenecks, whether it is introduction of a new cash crop or upgrading existing crops.

Should local market centres, second and third tier cities be the target for donor programmes and how should they create local economic opportunities?
Should local market centres, second and third tier cities be the target for donor programmes and how should they create local economic opportunities?

February 2016

This paper examines market centres and second/third tier cities that are: i) close to rural areas; and ii) not major economic centres.  These types of urban areas are offering the most opportunities for informal sector employment , mostly in the form of informal and seasonal occupations.

The intersection of agricultural and financial markets

June 2015

This report highlights the importance of agriculture to economies and how reliant those in a chronic cycle of poverty are on agriculture for their livelihoods. As a result, financial services need to be obtainable for the rural poor so they can increase resilience, improve productivity and manage their money. In this way, access to finance can be an enabling factor in creating stability, jobs and increasing their likelihood for improved futures. This report includes the challenges that the agricultural population and financial providers face when interacting and how interventions at both the demand and the supply level can shift the access and innovation frontiers of agricultural finance provision.

National Small Business Survey report

March 2015

The survey aimed to identify constraints to MSMEs’ development and growth with a focus on access to finance, infrastructure, business development services, markets and technology.

What are the features of urbanisation and cities that promote productivity, employment and salaries?

December 2014

This paper provides a summary of the evidence and a synthesis of the key arguments around how a range of features affect the relationship between urbanisation and productivity, employment and salaries.

02MakingMarketLinkages
Making Market Linkages

September 2014

Weak linkages between businesses within an economy result in inefficiencies, missed opportunities and often, over reliance upon imported goods and services. This topic guide looks at initiatives to improve these linkages and create sustainable economic ties with and between local businesses, particularly SMEs and with international enterprises.

06whatarethefeaturesofurbanisation
What are the features of urbanisation and cities that promote productivity, employment and salaries?

July 2014

This paper provides a summary of the evidence and a synthesis of the key arguments around how a range of features affect the relationship between urbanisation and productivity, employment and salaries.

Education economics – A guide through the subject

June 2014

This Topic Guide seeks to provide an introduction to the main questions and controversies in education economics, especially with respect to developing countries.

Southern Africa Trade and Investment Flows

May 2014

This paper looks at trade and investment flows in Southern African countries. The paper highlights the major product group (both in and out) for DRC, Malawi, Zimbabwe, Zambia, Mozambique and South Africa.

Economic empowerment for adolescent girls

May 2014

This paper presents the results of a literature review of evidence that supports the assertion that economically empowering girls can contribute to the prevention of certain outcomes such as early and forced marriage and female genital mutilation/cutting in developing country contexts.

Increasing Value Addition in Exports

February 2014

This paper explores the emergence of Global Value Chains (GVCs) and the implications for developing countries, particularly in terms of what these countries need to do in order to effectively participate in these GVCs, and provides insights into the key issues or constraints which these countries need to address to build their competitiveness.

01Whatworksformarketdevelopment
What works for market development: A review of the evidence

December 2013

This topic guide reviews initiatives to improve and create sustainable economic ties with and between local businesses, particularly SMEs and with international enterprises. The aim is to highlight the benefits that result from generating these connections and to suggest ways in which all development initiatives could build some element of linkage development into their programmes.

05EconomicsTopicGuideFinancialSector
Economics Topic Guide: Financial Sector

October 2013

The purpose of this topic guide is to support economists in international development in understanding the financial sector, particularly in the context of developing economies.

03Whatarethefeaturesofurbanisationandcitiesthatpromoteproductivityemploymentandsalaries
What practical approaches/frameworks are there for
effectively delivering subsidy to private sector entities for
development purposes?

April 2013

This short paper will briefly outline the case for donor support for the private sector, with a description of the areas at which interventions can be made and a summary of the major market failures that donors seek to address in delivering such subsidies.

04InterestRateCapsandTheirImpactonFinancialInclusion
Interest Rate Caps and Their Impact on Financial Inclusion

February 2013

The recent introduction of a lending rate ceiling for banks and other financial institutions in Zambia reopened an old debate over the appropriateness of regulatory intervention to limit the charging of rates that are deemed, by policymakers, to be excessively high. This short paper studies the theory behind interest rate caps.

Youth employment programmes – what can be learnt from international experience with youth employment programmes?

February 2013

This paper identifies seminal papers on the concept of shared value and the framework in which it is thought of by the business community. The literature obtained predominately focuses on two interrelated areas.

Transnational land acquisitions: What are the drivers, levels, and destinations, of recent transnational land acquisitions?

January 2013

This  paper  seeks  to  assess  the  role  of  investment  funds  and  sovereign  wealth  funds  in  large scale  land  acquisitions  overseas  through  compiling  the  key  findings  from  existing  studies  and publications.

Global energy markets and African resource finds

October 2012

The report finds that East African gas and Mozambican coal are set to make significant inroads to transforming the region into a sizeable supplier of some of Asian energy demand over coming years.

Firms’ investment decisions in fragile states

September 2012

What does the literature say on the composition of fragile state economies? What is the role of foreign and national investment? Does the economic composition change depending on level of conflict/fragility? Within our definition of fragility, GDP per capita of fragile states ranges from $200 to $5,000, and just over a third (11 of the 29) includes countries with substantial production in either minerals or oil, and nearly half of fragile countries suffer some form of conflict. The analysis suggests there is no clear and significant negative correlation between conflict and foreign investment among developing countries.

Zambia – What would it take for Zambia’s copper mining industry to achieve its potential?

June 2011

The report is part of a series produced by the World Bank’s Africa Finance and Private Sector Development Unit (AFTFP and explores the potential contribution that the copper mining industry could make to jobs and prosperity in Zambia, and what it will take to achieve this potential.

Zambia – What would it take for Zambia’s beef and dairy industries to achieve their potential?

June 2011

The report is part of a series produced by the World Bank’s Africa Finance and Private Sector Development Unit (AFTFP) and explores the potential contribution that the beef and dairy industries could make to jobs and prosperity in Zambia, and what it will take to achieve this potential.

Assessing the constraints to investment in developing countries

February 2011

Higher levels of private investment are associated with faster rates of economic growth and poverty reduction. This paper reviews: i) what constrains private investment in developing countries; ii) the causes of lack of access to finance; iii) at what stages of their life cycle and what types of business are most affected by lack of access to finance and the consequences for wider economic development; and iv) what policies are effective in addressing access to finance constraints.

How DFIs Measure Development Returns on Investment in Private Enterprise

January 2011

In this literature review, experts from Nathan Associates London Ltd discuss how some development finance institutions (DFIs) and multilateral development banks (MDBs) define and measure the impact of their investments.