The Foster, Greer, and Thorbecke poverty index is modified to a poverty outreach measure that incorporates both depth of outreach and scale. In an application to microfinance institutions, the use of this type of poverty outreach measure rejects the common notion that there is a necessary...

We present results from quantitative exercises using the Lucas and Romer endogenous growth models, from which we calculate welfare losses from the distortions presented in the Romer model. Moreover, comparing the models to data, we show that an economy governed by the Romer model would attain a...

The Foster, Greer, and Thorbecke poverty index is modified to a poverty outreach measure that incorporates both depth of outreach and scale. In an application to microfinance institutions, the use of this type of poverty outreach measure rejects the common notion that there is a necessary...

This study aims to provide empirical evidence of the economic and social impacts of access to microloans disbursed thorough self-help group (SHG) programs. For this purpose, primary data were collected from households in Kerala, South India, and combined with detailed financial transactions of...