Blog: Don’t count on business training to generate a lot of jobs and what else we learned in a dynamic literature review update
At least US$1 billion is spent annually training at least 4 to 5 million potential and existing entrepreneurs in developing countries. Last year I blogged about a review paper I wrote (now out in the Oxford Review of Economic Policy) which contained a meta-analysis of the impacts of training on firm profits and sales estimated in different RCTs. This found that training has a significant positive average effect on both profits and sales, with an estimated 4.7% improvement in sales and 10.1% improvement in profits.
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