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Impact analysis and microfinance.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Impact analysis and microfinance.
Author:	McIntosh, Craig Thomas.
Description:	88 p.
Notes:	Chairs: Alain de Janvry; Elisabeth Sadoulet.
Notes:	Source: Dissertation Abstracts International, Volume: 64-09, Section: A, page: 3390.
Contained By:	Dissertation Abstracts International64-09A.
Subject:	Economics, General.
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3105310
ISBN:	0496528777

Impact analysis and microfinance.
McIntosh, Craig Thomas.

Impact analysis and microfinance. [electronic resource] - 88 p.

Chairs: Alain de Janvry; Elisabeth Sadoulet.

Thesis (Ph.D.)--University of California, Berkeley, 2003.

The final paper is a theoretical model of an economy composed of investors who are constrained in access to credit. It is argued Uganda's physical isolation localizes the price-setting mechanism for many goods produced by microfinance borrowers, and thus credit barriers create increasing returns to scale in the quantity of investment capital by granting producers oligopoly power. The price externality created by competition in such markets can generate unexpected welfare consequences to lending. (Abstract shortened by UMI.)

ISBN: 0496528777Subjects--Topical Terms:

212429
Economics, General.

Impact analysis and microfinance.
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245 1 0 $a Impact analysis and microfinance. $h [electronic resource]
300 $a 88 p.
500 $a Chairs: Alain de Janvry; Elisabeth Sadoulet.
500 $a Source: Dissertation Abstracts International, Volume: 64-09, Section: A, page: 3390.
502 $a Thesis (Ph.D.)--University of California, Berkeley, 2003.
520 # $a The final paper is a theoretical model of an economy composed of investors who are constrained in access to credit. It is argued Uganda's physical isolation localizes the price-setting mechanism for many goods produced by microfinance borrowers, and thus credit barriers create increasing returns to scale in the quantity of investment capital by granting producers oligopoly power. The price externality created by competition in such markets can generate unexpected welfare consequences to lending. (Abstract shortened by UMI.)
520 # $a The first paper investigates an important and neglected feature of quasi-experiments in which not all agents in the treatment group are treated. Because this testing structure generates a control group which selected out of the treatment as well as the standard control which was denied it, we are given an extra degree of identification. A difference-in-differences analysis uses the denied group as a control and so exposes itself to bias from any unobserved differences between these groups.
520 # $a The second paper implements this technique on data from a quasi-experiment performed by Uganda's largest microfinance lender. The dual-control structure utilizes a group of agents who chose not to take each policy as well as the quasi-experimental control which was denied the policy. Two new programs are tested; in one, microfinance groups were allowed to repay loans half as often, subject to a unanimous vote in favor by the group.
520 # $a The three papers presented here are intended to contribute to our understanding of the functioning of credit markets in developing countries. In particular, they focus on the institution of microfinance, the granting of small-business loans to the poor. Despite the widespread prevalence of these institutions, there have been few successful efforts at empirical analysis of their role in development. Such basic questions as their impact on clients have gone largely unanswered because of the formidable difficulties in identifying proper control groups. This set of papers seeks to extend the theoretical and empirical tools at our disposal to analyze the impact of such institutions, and an application to the major microfinance lender in Uganda is provided.
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791 $a Ph.D.
792 $a 2003
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