A simple analytical expression for the evolution of photorefractive grating was derived for photovoltaic materials. The theory is based on the band transport model under the quasi-cw approximation, and a small light modulation was assumed. The resultant expression is consistent with the existing theory and is applicable to all the time regions of the evolution of the grating. It accounts for the major characteristics of the photorefractive effect observed in Fe:LiNbO 3 including the apparently anomalous large phase shift of the grating, the shift of the grating during erasure, and the quasi-equivalence of the bulk photovoltaic effect to an external field. We also conducted numerical simulations based on the coupled wave theory. The result is consistent with the experiment reported elsewhere, except for the large beam coupling that was experimentally observed. This can, however, be ascribed to an origin external to the grating formation.KEYWORDS: photorefractive effect, bulk photovoltaic effect, two-beam coupling, coupled wave theory, LiNbO 3 , quasi-cw approximation, band transport model 5105