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The impact of microcredit on poverty reduction in eleven developing countries in south-east Asia

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  • Félix, Elisabete Gomes Santana
  • Belo, Teresa Freitas

Abstract

This paper examines the impact of microcredit on poverty reduction, controlling for income and its distribution, employment, inflation and education, in 11 developing countries in south-east Asia.We use static and dynamic panel data models in the growth-poverty model initially suggested by Ravallion (1997), with data from 2007 to 2016.The results indicate that microcredit reduces poverty as measured by the headcount index, poverty gap and squared poverty gap. They also show that employment and education can reduce the level of poverty.

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  • Félix, Elisabete Gomes Santana & Belo, Teresa Freitas, 2019. "The impact of microcredit on poverty reduction in eleven developing countries in south-east Asia," Journal of Multinational Financial Management, Elsevier, vol. 52.
    • Handle: RePEc:eee:mulfin:v:52-53:y:2019:i::s1042444x18302834
    DOI: 10.1016/j.mulfin.2019.07.003
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    More about this item

    Keywords

    Employment; Inflation rate; Level of education; Microcredit; Poverty gap; Poverty reduction;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C36 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Instrumental Variables (IV) Estimation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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