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Taking Stock Of The Evidence On Micro-Financial Interventions.pdf

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Preview of Taking Stock of the Evidence on Micro-Financial Interventions
🔗 Source: conference.nber.org
📊 Size: 336 KB
📄 Pages: 33 pages
⬇️ Downloads: 100

Summary

Micro-financial interventions, such as microcredit programs and asset grants, can increase income and consumption for certain segments of the population, but are unlikely to lead to wide-scale, transformative impacts that escape aggregate poverty traps. Empirical evidence shows that these interventions have varying degrees of success, with asset grants often leading to stronger increases in capital and profits, while microcredit interventions have been less successful in leading to higher income or consumption. Quantitative theory can capture many of the qualitative and quantitative patterns observed empirically, but also highlights areas where the model fails, such as the large increases in income from asset grants. The simulations suggest that micro-financial interventions can have substantial steady-state and transitional impacts on development measures, but are unlikely to lead to an escape from aggregate poverty traps.

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Description

Micro-financial interventions, such as microcredit programs and asset grants, can increase income and consumption for certain segments of the population, but...

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  • File Format: PDF
  • File Size: 336 KB
  • Pages: 33
  • Language: EN
  • Total Downloads: 100
  • Last Updated: 6 days ago

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