Does microfinance reduce poverty? Some international evidence

Zhang, Quanda 2017, Does microfinance reduce poverty? Some international evidence, B.E. journal of macroeconomics, vol. 17, no. 2, pp. 1-13, doi: 10.1515/bejm-2016-0011.

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Title Does microfinance reduce poverty? Some international evidence
Author(s) Zhang, QuandaORCID iD for Zhang, Quanda orcid.org/0000-0002-6513-2130
Journal name B.E. journal of macroeconomics
Volume number 17
Issue number 2
Article ID 20160011
Start page 1
End page 13
Total pages 13
Publisher De Gruyter
Place of publication Berlin, Germany
Publication date 2017-06-27
ISSN 1935-1690
Keyword(s) cross-country study
microfinance
poverty
Summary In this paper, the hypothesis that microfinance is an effective tool for reducing poverty at the macro level is tested using a unique cross-country panel data set from 106 countries for the period 1998–2013. Taking into account the potential problem of sample selection bias and endogeneity, this paper shows that microfinance has a negative effect on poverty. The results are robust to the choice of microfinance measures and poverty indicators. They suggest that in developing and emerging countries, the establishment of more MFIs should be encouraged, and more funds should be directed from development agencies and governments into MFIs, to reduce poverty.
Language eng
DOI 10.1515/bejm-2016-0011
Field of Research 1401 Economic Theory
1402 Applied Economics
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2017, Walter de Gruyter GmbH, Berlin/Boston
Persistent URL http://hdl.handle.net/10536/DRO/DU:30119294

Document type: Journal Article
Collections: Faculty of Business and Law
Department of Economics
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