EconPapers    
Economics at your fingertips  
 

What Do We Know about Microfinance at Macro Glance?

Nargiza Alimukhamedova () and Jan Hanousek ()

No 10484, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The majority of microfinance impact studies focus on finding their effect on a specific group of beneficiaries, in contrast we aim to identify the impact on whole economies (economic growth, and financial sector development and reductions in income inequalities), which is an important policy concern, not previously addressed. To address heterogeneity across countries, we group countries into three broad clusters delineated by a set of macro-institutional determinants. We find long-term evidence of a significant ability of microfinance to affect broader economies. Moreover, the impact and dynamics differ substantially by macro-institutional environment; the microfinance effect is more pronounced in weaker environments.

Keywords: development; economic growth; income inequality; Microfinance (search for similar items in EconPapers)
JEL-codes: C5 G2 O1 O4 (search for similar items in EconPapers)
Date: 2015-03
New Economics Papers: this item is included in nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=10484 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:10484

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... rs/dp.php?dpno=10484

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().

 
Page updated 2020-02-14
Handle: RePEc:cpr:ceprdp:10484