Gunfight at the Not OK Corral: Reply to ‘High Noon for Microfinance’

Duvendack and Palmer-Jones claim to replicate Chemin (2008) and Pitt and Khandker (1998) but obtain different results and hence challenge the two papers' estimates of the impact of microfinance in Bangladesh. This response details a number of reasons to demonstrate that Duvendack and Palmer-Jones is not a replication so their results provide no evidence about the validity of either of the earlier papers or on the effectiveness of microfinance.