EconStor >
The University of Nottingham >
Centre for Research in Economic Development and International Trade (CREDIT), The University of Nottingham >
CREDIT Research Papers, The University of Nottingham >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/65427
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorDisney, Richarden_US
dc.contributor.authorFichera, Eleonoraen_US
dc.contributor.authorOwens, Trudyen_US
dc.date.accessioned2011-03-16en_US
dc.date.accessioned2012-10-24T12:00:41Z-
dc.date.available2012-10-24T12:00:41Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/65427-
dc.description.abstractThis paper uses household data to test whether microfinance institutions created by the Malawian government in the mid-1990s under its Poverty Alleviation Programme crowded out access to informal loans. As in several recent studies, the paper adopts policy evaluation techniques to identify a causal relationship between access to government-sponsored credit programmes and informal loans. After taking treatment heterogeneity into account with a multiple treatment model, the paper finds strong evidence of crowding out of formal group lending on informal sources. In particular, participation in the most widespread microfinance programme has a negative and significant effect on borrowing from informal sources, reducing on average the amount that members borrow from informal lenders by more than 70 percent of the average loan value.en_US
dc.language.isoengen_US
dc.publisherCentre for Research in Economic Development and International Trade, Univ. of Nottingham Nottinghamen_US
dc.relation.ispartofseriesCREDIT Research Paper 10/08en_US
dc.subject.jelO16en_US
dc.subject.jelO17en_US
dc.subject.ddc330en_US
dc.subject.keywordinformal lendingen_US
dc.subject.keywordmicrofinanceen_US
dc.subject.keywordevaluation methodsen_US
dc.subject.stwArmutspolitiken_US
dc.subject.stwMikrofinanzierungen_US
dc.subject.stwFinanzmarkten_US
dc.subject.stwCrowding outen_US
dc.subject.stwMalawien_US
dc.titleHas the introduction of microfinance crowded-out informal loans in Malawi?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn654203253en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:CREDIT Research Papers, The University of Nottingham

Files in This Item:
File Description SizeFormat
654203253.pdf424.17 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.