Browse

Evaluating Casual Impact of Microfinance: Challenges and Results

Cited 0 time in Web of Science Cited 0 time in Scopus
Authors
Dmitry Shapiro
Issue Date
2021-06
Publisher
서울대학교 경제연구소
Citation
경제논집, Vol.60, no.1, pp. 3-32
Keywords
Microfinancemicrocreditimpact of microfinance
Abstract
In this paper, I survey the literature that studied the impacts of microfinance.
The survey consists of four parts. First, I describe the methodological challenges associated with the impact evaluation of microfinance and how the randomized control trial (RCT) approach can address those challenges. I then present the results of six highly influential RCT studies published in the Special Issue of the American Economic Journal: Applied Economics in 2015. All six studies reached a similar conclusion that the overall impact of microfinance was modest and not transformative. Second, I describe the reasons suggested in the literature explaining why the impact is limited. Third, I survey two recent RCT studies that found a positive impact of microfinance and then discuss why these two studies differ from those in the Special Issue. Finally, I survey evidence of the negative impacts of
microfinance.
ISSN
1738-1150
Language
English
URI
https://hdl.handle.net/10371/174650
Files in This Item:
Appears in Collections:
College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)경제논집경제논집 vol.60 (2021)
  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Browse