Microfinance and Inequality
AbstractThis paper examines the relationship microfinance and inequality by providing a cross-country empirical study of 61 developing countries. Microfinance plays an important role in the financial market in many developing countries. Although microfinance is expected to significantly affect macro variables, we lack enough empirical research on Impact Analysis at the macro level, such as the effect of microfinance on inequality. We expect microfinance to have an equalizing effect, and provide a first detailed cross-country empirical analysis in this regard. We find that microfinance can lower inequality, and poorer countries need to focus more on the equalizing effect of microfinance.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 17537.
Date of creation: Sep 2009
Date of revision:
Microfinance; Inequality; Impact Analysis at Macro Level;
Find related papers by JEL classification:
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-10-03 (All new papers)
- NEP-DEV-2009-10-03 (Development)
- NEP-MFD-2009-10-03 (Microfinance)
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