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Le capital institutionnel dans l'analyse du développement : Prolongement théorique et premier test empirique
[Institutional Capital in Economic Development Analysis: Theoretical Continuation and First Empirical Test]

Author

Listed:
  • Paul, Bénédique
  • Garrabé, Michel

Abstract

Microfinance has made and continues to do a lot of debate. In these debates, an under-documented aspect is the impacts on recipients’ behavior. Through an empirical study on a sample of 500 beneficiaries of microfinance in Haiti, we mobilize the new theoretical framework of institutional capital to analyze this under-explored socio-economic aspect, through a multiple capitals approach of economic development. The results of the study show that the contribution of microfinance organizations includes institutional capital, and this asset influences beneficiaries’ socio-economic behavior, both in terms of consumption and savings, and in the observance of the repayment agreement.

Suggested Citation

  • Paul, Bénédique & Garrabé, Michel, 2011. "Le capital institutionnel dans l'analyse du développement : Prolongement théorique et premier test empirique
    [Institutional Capital in Economic Development Analysis: Theoretical Continuation and Fi
    ," MPRA Paper 39016, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:39016
    as

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    File URL: https://mpra.ub.uni-muenchen.de/39016/1/MPRA_paper_39016.pdf
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    References listed on IDEAS

    as
    1. Hodgson, Geoffrey M. & Knudsen, Thorbjorn, 2004. "The complex evolution of a simple traffic convention: the functions and implications of habit," Journal of Economic Behavior & Organization, Elsevier, vol. 54(1), pages 19-47, May.
    2. Koen Rossel-Cambier, 2009. "La microfinance combinée : aperçu en Amérique latine et dans les Caraïbes," Reflets et perspectives de la vie économique, De Boeck Université, vol. 0(3), pages 85-97.
    3. Yaron, Jacob, 1994. "What Makes Rural Finance Institutions Successful?," World Bank Research Observer, World Bank Group, vol. 9(1), pages 49-70, January.
    4. Marek Hudon, 2008. "Norms and values of the various microfinance institutions," ULB Institutional Repository 2013/14208, ULB -- Universite Libre de Bruxelles.
    5. Mats Lundahl & Rubén Silié, 1998. "Economic Reform in Haiti: Past Failures and Future Success?*," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 40(1), pages 43-71, April.
    6. Erica Field & Seema Jayachandran & Rohini Pande, 2010. "Do Traditional Institutions Constrain Female Entrepreneurship? A Field Experiment on Business Training in India," American Economic Review, American Economic Association, vol. 100(2), pages 125-129, May.
    7. Nidhiya Menon, 2004. "Declining Benefits to Membership in Micro Finance Programs - Theory and Empirical Evidence," Development and Comp Systems 0403006, EconWPA.
    8. John Weiss & Heather Montgomery, 2005. "Great Expectations: Microfinance and Poverty Reduction in Asia and Latin America," Oxford Development Studies, Taylor & Francis Journals, vol. 33(3-4), pages 391-416.
    9. Johannes W. Fedderke & John M. Luiz, 2008. "Does human capital generate social and institutional capital? Exploring evidence from South African time series data," Oxford Economic Papers, Oxford University Press, vol. 60(4), pages 649-682, October.
    10. Yaya Koloma, 2010. "Effets de seuil dans la relation entre l'accès au microcrédit et l'amélioration du bien-être des bénéficiaires," Mondes en développement, De Boeck Université, vol. 0(4), pages 13-30.
    11. Paul, Bénédique, 2009. "Reclaiming Institutions as a Form of Capital," MPRA Paper 39017, University Library of Munich, Germany.
    12. Nidhiya Menon, 2006. "Non-linearities in returns to participation in Grameen Bank programs," Journal of Development Studies, Taylor & Francis Journals, vol. 42(8), pages 1379-1400.
    13. Mosley, Paul & Hulme, David, 1998. "Microenterprise finance: Is there a conflict between growth and poverty alleviation?," World Development, Elsevier, vol. 26(5), pages 783-790, May.
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    More about this item

    Keywords

    Organisations de microfinance; MFO; capital institutionnel; comportements socio-économiques; Haïti;

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean

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