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Third, we analyze a series of mechanisms through which the intervention can potentially affectemployment outcomes. These different channels relate to the content of the business trainingdescribed in section 2. The training aims to provide participants with business skills, technicalknowledge and experience directly useful to produce a business plan. It connects beneficiaries toa wider social network, including entrepreneurs and bankers. In parallel, a component of thetraining curriculum aims to shape students’ behavioral skills and personality. Finally, theentrepreneurship training improves participants’ access to information about credit. Participantsin the entrepreneurship track also have the possibility of obtaining a financial prize if they enterand win the business plan competition. Therefore, we estimate the impact of the intervention onintermediary outcomes related to business skills, networks, behavioral skills, and access to creditwith the objective of teasing out the channels through which the entrepreneurship track affectedemployment outcomes.For each set of outcome and intermediary outcome variables, we present both intent-to-treat(ITT) and treatment-on-the-treated (TOT) estimates. Results are highly consistent across the twosets of estimates. ITT estimates constitute our preferred set of estimates since they capture theimpact of offering business training and coaching independently of actual take-up.4.2 Intention to treat (ITT)Identification of program impacts relies on the randomized assignment of students to thetreatment and control groups. We first present intent-to-treat (ITT) estimates, obtained bycomparing average outcomes for the treatment and comparison groups at follow-up. ITTestimates capture the impact of offering business training and coaching independently of actualtake-up. To obtain ITT estimates, we estimate the following empirical model using OrdinaryLeast Squares (OLS):whereis the outcome of interest for student i at follow-up, T i is a binary variable for beingrandomly assigned to the treatment group, X i is a set of control variables, π is are fixed effects for14