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Who benefit from government-led microfinance projects? Evidence from rural China

Haoyuan Ding (), Cong Qin and Kang Shi ()

Journal of Comparative Economics, 2018, vol. 46, issue 4, 1253-1272

Abstract: Drawing from a unique dataset of 2356 Chinese villages, this paper assesses the anti-poverty effect of the largest government-led microfinance project in the developing world. We find that the project can significantly increase the income level in the targeted villages. The main engine of the project lies in the expansion of access to nonfarm activities. We also highlight the importance of institutional circumstance in the effectiveness of the project. Specifically, a more democratized village with less political connection to local governments reaps more benefits from its participation.

Keywords: Government-led microfinance projects; Poverty alleviation; Political connection; Rural China (search for similar items in EconPapers)
JEL-codes: G21 H43 I32 O22 (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1016/j.jce.2018.08.001

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Handle: RePEc:eee:jcecon:v:46:y:2018:i:4:p:1253-1272