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This paper provides a quantitative evaluation of the aggregate and distributional impacts of economy-wide microfinance or other credit programs targeted toward small-scale entrepreneurs. In our analysis, we find that the redistributive impacts of microfinance are stronger in general-equilibrium,...
Persistent link: https://www.econbiz.de/10011081331
What are the micro and macro implications of a credit crunch? We study this question in a model where heterogeneous entrepreneurs can finance their investment by borrowing subject to collateral constraints and/or by using internal funds. We discipline our theory by requiring that the size...
Persistent link: https://www.econbiz.de/10011080820
relative scales across sectors.
Persistent link: https://www.econbiz.de/10011080962
We review the empirical evidence on microfinance and asset grants to the ultra poor or microentrepreneurs and use quantitative economic theory to account for this evidence. Properly executed, these interventions can help segments of the population increase their income and consumption, but...
Persistent link: https://www.econbiz.de/10014048790
Income differences across countries primarily reflect differences in total factor productivity (TFP). More disaggregated data show that the TFP gap between rich and poor countries varies systematically across industrial sectors of the economy: Poor countries are particularly unproductive in...
Persistent link: https://www.econbiz.de/10013235631
We provide a quantitative evaluation of the aggregate and distributional impact of microfinance or credit programs targeted toward small businesses. We find that the redistributive impact of microfinance is stronger in general equilibrium than in partial equilibrium, but the impact on aggregate...
Persistent link: https://www.econbiz.de/10013073405
We provide a quantitative evaluation of the aggregate and distributional impact of microfinance or credit programs targeted toward small businesses. We find that the redistributive impact of microfinance is stronger in general equilibrium than in partial equilibrium, but the impact on aggregate...
Persistent link: https://www.econbiz.de/10013247431
Persistent link: https://www.econbiz.de/10010200911
Persistent link: https://www.econbiz.de/10003839070
Persistent link: https://www.econbiz.de/10011554060