| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9984 |
| DP9984 Estimating the impact of microcredit on those who take it up: Evidence from a randomized experiment in Morocco | |
| Bruno Crépon; Esther Duflo; William Parienté; Florencia Devoto | |
| 发表日期 | 2014-05-25 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | This paper reports the results from a randomized evaluation of a microcredit program introduced in rural areas of Morocco starting in 2006 by Al Amana, the country?s largest microfinance institution. Al Amana was the only MFI operating in the study areas during the evaluation period. Thirteen percent of the households in treatment villages took a loan, and none in control villages. Among households identified as more likely to borrow based on ex-ante characteristics, microcredit access led to a significant rise in investment in assets used for self-employment activities (mainly animal husbandry and agriculture), and an increase in profit. But this increase in profit was offset by a reduction in income from casual labor, so overall there was no gain in measured income or consumption. We find suggestive evidence that these results are mainly driven by effects on borrowers, rather than by externalities on households that do not borrow. This implies that among those who chose to borrow, microcredit had large, albeit very heterogeneous, impacts on assets and profits from self-employment activities, but small impact on consumption: we can reject an increase in consumption of more than 10% among borrowers, two years after initial rollout. |
| 主题 | Development Economics |
| 关键词 | Microcredit Microfinance |
| URL | https://cepr.org/publications/dp9984 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538816 |
| 推荐引用方式 GB/T 7714 | Bruno Crépon,Esther Duflo,William Parienté,et al. DP9984 Estimating the impact of microcredit on those who take it up: Evidence from a randomized experiment in Morocco. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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