Article ID Journal Published Year Pages File Type
5089395 Journal of Banking & Finance 2013 14 Pages PDF
Abstract
► We respond to the need for more knowledge about the high costs in microfinance. ► We estimate scale economies and find overall increasing returns to scale. ► We find that all inputs are inelastic substitutes. ► Our results indicate a trade-off between outreach and sustainability.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Scale economies and input price elasticities in microfinance institutions
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