کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7349035 1476598 2018 4 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Is microfinance raising village income? The issue of excess entry
ترجمه فارسی عنوان
آیا درآمد روستایی افزایش می یابد؟ موضوع ورود بیش از حد
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
This paper offers new insight into the question of why we have not seen microfinance programs lift beneficiary regions out of poverty. We suggest that the explanation may lie in the industry choice of microfinance participants: if borrowers tend to enter imperfectly competitive sectors, such as retail, there may be a “business-stealing” effect that reduces incomes of existing businesses. Our model shows that microfinance may lower total incomes at the village level. The result is related to the classic Mankiw and Whinston (1986) result on excess entry. The results imply that microfinance organizations may want to steer recipients away from the petty retail sector in some markets.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economics Letters - Volume 165, April 2018, Pages 17-20
نویسندگان
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