Impacto del crédito en el bienestar

Victor Gerardo Carreón Rodríguez () and Malena Svarch Pérez
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Victor Gerardo Carreón Rodríguez: Division of Economics, CIDE

No DTE 406, Working Papers from CIDE, División de Economía

Abstract: There exists an ongoing debate about the economic impact induced by credit programs, mainly in developing countries. However, it has been less discussed the impact on welfare derived from the ownership of informal or formal credit. In this paper it is studied the impact of credit on the individual's welfare. We define welfare as the expenditure increase in goods related to education or health. We use the Mexican Family Live Survey (MxFLS), since it has data about individual's and household's consumption and credit patterns. We find that individuals with credit reduce their food expenditures and increase their consumption of durable goods, such as health, human capital and house appliances.

Keywords: credit programs; developing countries; impact on welfare; informal credit; formal credit (search for similar items in EconPapers)
JEL-codes: E51 I31 P46 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2007-02
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