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Re-re-reply to"the impact of microcredit on the poor in Bangladesh : revisiting the evidence"

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  • Pitt, Mark M.

Abstract

"The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence,"by David Roodman and Jonathan Morduch (2014) (henceforth RM) is the most recent of a sequence of papers and web postings that seeks to refute the findings of the Pitt and Khandker (1998; henceforth PK) article"The Impact of Group-Based Credit on Poor Households in Bangladesh: Does the Gender of Participants Matter?"that microcredit for women had significant, favorable effects on household consumption and other outcomes. In this version of RM, the authors have backed off many of their prior claims and methods after earlier replies noted their faults (see Pitt (1999), Pitt (2011a), Pitt (2011b), and Pitt and Khandker (2012)). Nonetheless, important claims against PK remain in this new version of RM and are addressed below. Readers should refer to Pitt and Khandker (2012) for a discussion of other issues with RM, including a discussion of the bimodal likelihood.

Suggested Citation

  • Pitt, Mark M., 2014. "Re-re-reply to"the impact of microcredit on the poor in Bangladesh : revisiting the evidence"," Policy Research Working Paper Series 6801, The World Bank.
    • Handle: RePEc:wbk:wbrwps:6801
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    References listed on IDEAS

    as
    1. Mark M. Pitt, 2014. "Response to 'The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence'," Journal of Development Studies, Taylor & Francis Journals, vol. 50(4), pages 605-610, April.
    2. repec:pri:rpdevs:morduch_microfinance_poor is not listed on IDEAS
    3. Pitt, Mark M. & Khandker, Shahidur R., 2012. "Replicating replication : due diligence in Roodman and Morduch's replication of Pitt and Khandker (1998)," Policy Research Working Paper Series 6273, The World Bank.
    4. Mark M. Pitt & Shahidur R. Khandker, 1998. "The Impact of Group-Based Credit Programs on Poor Households in Bangladesh: Does the Gender of Participants Matter?," Journal of Political Economy, University of Chicago Press, vol. 106(5), pages 958-996, October.
    5. Davidson, Russell & MacKinnon, James G., 1993. "Estimation and Inference in Econometrics," OUP Catalogue, Oxford University Press, number 9780195060119.
    6. Guido Imbens & Karthik Kalyanaraman, 2012. "Optimal Bandwidth Choice for the Regression Discontinuity Estimator," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(3), pages 933-959.
    7. Jonathan Morduch, 1998. "Does Microfinance Really Help the Poor? New Evidence from Flagship Programs in Bangladesh," Working Papers 198, Princeton University, Woodrow Wilson School of Public and International Affairs, Research Program in Development Studies..
    8. Bekker, Paul A, 1994. "Alternative Approximations to the Distributions of Instrumental Variable Estimators," Econometrica, Econometric Society, vol. 62(3), pages 657-681, May.
    9. David Roodman & Jonathan Morduch, 2014. "The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence," Journal of Development Studies, Taylor & Francis Journals, vol. 50(4), pages 583-604, April.
    10. Mark M. Pitt, 2012. "Gunfight at the Not OK Corral: Reply to ‘High Noon for Microfinance’," Journal of Development Studies, Taylor & Francis Journals, vol. 48(12), pages 1886-1891, December.
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    Cited by:

    1. Inna Cintina & Inessa Love, 2014. "The Miracle of Microfinance Revisited: Evidence from Propensity Score Matching," Working Papers 201424, University of Hawaii at Manoa, Department of Economics.
    2. Mathilde Maîtrot & Miguel Niño-Zarazúa, 2017. "Poverty and wellbeing impacts of microfinance: What do we know?," WIDER Working Paper Series 190, World Institute for Development Economic Research (UNU-WIDER).
    3. Terrence Kairiza & Philemon Kiprono & Vengesai Magadzire, 2017. "Gender differences in financial inclusion amongst entrepreneurs in Zimbabwe," Small Business Economics, Springer, vol. 48(1), pages 259-272, January.
    4. Vanessa S. Tchamyou & Ofeh M. Edoh, 2022. "Gender Inclusion and Sustainable Development in Africa," Working Papers of the African Governance and Development Institute. 22/086, African Governance and Development Institute..

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