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Microfinance and the Interaction of Macroeconomic Factors in Poverty Reduction

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  • Esmeralda Doçi

Abstract

Microfinance is known as a valuable tool for increasing the welfare and reducing the poverty. Due to lack of data, most studies on poverty alleviation are limited. However, recently there have been empirical studies that show the interaction of macroeconomic factors and of microfinance in poverty reduction. Micro-credit is modelled as a pure element of the microcredit market, which may increase the GPD in the long run. Following the studies of the previous work, the paper aims to test the hypothesis: the impact of macroeconomic factors and of microfinance on poverty reduction. The hypothesis' testing and evaluation is conducted through econometric estimation and through Eviews program.

Suggested Citation

  • Esmeralda Doçi, 2016. "Microfinance and the Interaction of Macroeconomic Factors in Poverty Reduction," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 5, July.
    • Handle: RePEc:bjz:ajisjr:1501
    DOI: 10.5901/ajis.2016.v5n2p209
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    References listed on IDEAS

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    1. Ahlin, Christian & Jiang, Neville, 2008. "Can micro-credit bring development?," Journal of Development Economics, Elsevier, vol. 86(1), pages 1-21, April.
    2. Imai, Katsushi S. & Arun, Thankom & Annim, Samuel Kobina, 2010. "Microfinance and Household Poverty Reduction: New Evidence from India," World Development, Elsevier, vol. 38(12), pages 1760-1774, December.
    3. Katsushi S. Imai & MD. Shafiul Azam, 2011. "Does Microfinance Reduce Poverty in Bangladesh? New Evidence from Household Panel Data," Journal of Development Studies, Taylor & Francis Journals, vol. 48(5), pages 633-653, October.
    4. Banerjee, Abhijit V & Newman, Andrew F, 1993. "Occupational Choice and the Process of Development," Journal of Political Economy, University of Chicago Press, vol. 101(2), pages 274-298, April.
    5. Katsushi S. Imai & Raghav Gaiha & Ganesh Thapa & Samuel Kobina Annim, 2010. "Analysis of Poverty Reducing Effects of Microfinance from a Macro Perspective: Evidence from Cross-Country Data," Discussion Paper Series DP2010-25, Research Institute for Economics & Business Administration, Kobe University.
    6. Datt, Gaurav & Ravallion, Martin, 1992. "Growth and redistribution components of changes in poverty measures : A decomposition with applications to Brazil and India in the 1980s," Journal of Development Economics, Elsevier, vol. 38(2), pages 275-295, April.
    7. Nicholas M. Odhiambo, 2009. "Financial deepening and poverty reduction in Zambia: an empirical investigation," International Journal of Social Economics, Emerald Group Publishing, vol. 37(1), pages 41-53, December.
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