کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7357534 1478477 2018 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Commercialization and the decline of joint liability microcredit
ترجمه فارسی عنوان
تجاری سازی و کاهش بدهی های مشترک به وام های کوچک
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
Numerous authors point to a decline in joint liability microcredit, and rise in individual liability lending. But empirical evidence is lacking, and there have been no rigorous analyses of possible causes. We first show using the well-known MIX Market dataset that there is evidence for a decline. Second, we show theoretically that commercialization-an increase in competition and a shift from non-profit to for-profit lending (both of which are present in the data)-drives lenders to reduce their use of joint liability loan contracts. Third, we test the model's key predictions, and find support for them in the data.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Development Economics - Volume 134, September 2018, Pages 209-225
نویسندگان
, , ,