Taking Stock of the Evidence on Micro-Financial Interventions
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Chapter in forthcoming NBER book The Economics of Poverty Traps, Christopher B. Barrett, Michael R. Carter, and Jean-Paul Chavas, editors
We review the empirical evidence on microfinance and asset grants to the ultra poor or microentrepreneurs, and assess our ability to account for this evidence using quantitative theory. Properly executed, these interventions can help segments of the population increase their income and consumption, but neither literature gives much reason to believe that such interventions can lead to wide-scale, transformative impacts akin to escaping aggregate poverty traps.
Taking Stock of the Evidence on Micro-Financial Interventions, Francisco J. Buera, Joseph P. Kaboski, Yongseok Shin
Commentary on this chapter: Comment, Stephen C. Smith
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