کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
988924 935378 2012 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Microfinance and Poverty—A Macro Perspective
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Microfinance and Poverty—A Macro Perspective
چکیده انگلیسی

SummaryWe test the hypothesis that microfinance reduces poverty at the macro level using cross-country and panel data which are constructed by the Microfinance Information Exchange data on Microfinance Institutions (MFIs) and the World Bank data. Taking account of the endogeneity associated with MFIs’ loans, we show that a country with higher MFIs’ gross loan portfolio per capita tends to have lower levels of poverty indices. Contrary to recent micro evidence, our results suggest that microfinance significantly reduces poverty at macro level and thus reinforce the case for channeling funds from development finance institutions and governments of developing countries into MFIs.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: World Development - Volume 40, Issue 8, August 2012, Pages 1675–1689
نویسندگان
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