Jonathan Conning

faculty_conning_lgAssociate Professor • Member of the Doctoral Faculty at CUNY’s Graduate Center

Ph.D. Economics, Yale University, 1996
Fields: Development Economics, Applied Micro Theory, Trade
Office: HW 1504A
Phone:  (212)772-5403
Fax:    212-772-5398
Web Page: jonathanconning


Professor Conning’s research and teaching interests include Development Economics, applied microeconomic theory and financial contracting, as well as trade and modern political economy. His research has  explored the structure and operation of rural financial markets, microfinance and social investment, as well as topics in agrarian production organization,  property rights, economic history, and impact evaluation. He is an Affiliate at the Financial Access Initiative based at NYU


Microfinance and Social Investment” (with Jonathan Morduch) Annual Review of Financial Economics, vol 3, 2011.

Enclaves and Development: an empirical assessment” (with James A. Robinson) Studies in Comparative International Development, July 2009.

Rural Financial Markets in Developing Countries.” (with Chris Udry). in Handbook of Agricultural Economics, Volume 3, R.E. Evenson, Schultz, T.P. and P. Pingali (editors), Elsevier – North Holland, 2007.(text)

Property Rights and the Political Organization of Agriculture.” (with James A. Robinson). Journal of Development Economics, 82, 416-447, 2007.

Freedom, Servitude and Voluntary Contract.” (with Michael Kevane) in K.A. Appiah and M. Bunzl The Ethics and Economics of Slave Redemption, Princeton: Princeton University Press, 2007.

Why isn’t there more financial intermediation in developing countries?” (with Michael Kevane). in Insurance against Poverty edited by S. Dercon, Oxford University Press, 2004.

Lending Technologies, Competition, and Consolidation in the Market for Microfinance in Bolivia,” in (with Sergio Navajas and Claudio Gonzalez-Vega). Journal of International Development, 15(6), 747–770, 2003.

Community Based Targeting Mechanisms for Social Safety Nets: A critical review.” (with Michael Kevane). World Development, 30(3), 2002.

Outreach, Sustainability and Leverage in Monitored and Peer Monitored Loans.” Journal of Development Economics, 60(1), 1999.

Working Papers

Please visit my webpage for links to most of the following working papers

Breakable commitments: present-bias, client protection and bank ownership forms, with Karna Basu

Monitoring by Peers or by Delegates? Joint Liability Loans under Moral Hazard.

Social Finance, with Jonathan Morduch

Pirates and Moneylenders: Product market competition and the depth of lending relationships in a rural market in Chile

On the Causes of Slavery or Serfdom and the Roads to Agrarian Capitalism: Domar’s Hypothesis Revisited

Latifundia Economics

Impact Evaluation for Land Property Rights Reforms (with Partha Deb). Other papers in the Doing Impact Evaluation series.

The Russian Mir (with Aleksandr Michuda)

Managing Economic Insecurity in El Salvador: Asset ownership and household labor market adjustment. (with Pedro Olinto and Alvaro Trigueros).

Mixing and Matching Loans: An empirical analysis of credit rationing and Spillovers in a Rural Credit Market in Chile,

Class Position and Economic Behavior: Selective Separability in a two factor household model. (with Jean-Louis Arcand).