- Title
- Does microfinance reduce poverty? Some international evidence
- Creator
- Zhang, Quanda
- Date
- 2017
- Type
- Text; Journal article
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/185599
- Identifier
- vital:16729
- Identifier
- ISBN:1935-16902194-6116
- Abstract
- In this paper, the hypothesis that microfinance is an effective tool for reducing poverty at the macro level is tested using a unique cross-country panel data set from 106 countries for the period 1998–2013. Taking into account the potential problem of sample selection bias and endogeneity, this paper shows that microfinance has a negative effect on poverty. The results are robust to the choice of microfinance measures and poverty indicators. They suggest that in developing and emerging countries, the establishment of more MFIs should be encouraged, and more funds should be directed from development agencies and governments into MFIs, to reduce poverty.
- Publisher
- Berkeley: De Gruyter
- Relation
- The B.E. journal of macroeconomics Vol. 17, no. 2 (2017), p.
- Rights
- All metadata describing materials held in, or linked to, the repository is freely available under a CC0 licence
- Rights
- Copyright Berkeley
- Subject
- Bias; C33; Cross-country study; Development agencies; E61; G21; I32; Microfinance; Panel data; Poverty; Selection bias; Studies; 3502 Banking, finance and investment; 3801 Applied economics; 3803 Economic theory
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