American Economic Journal:
Applied Economics
ISSN 1945-7782 (Print) | ISSN 1945-7790 (Online)
The Impacts of Microcredit: Evidence from Bosnia and Herzegovina
American Economic Journal: Applied Economics
vol. 7,
no. 1, January 2015
(pp. 183–203)
Abstract
We use an RCT to analyze the impacts of microcredit. The study population consists of loan applicants who were marginally rejected by an MFI in Bosnia. A random subset of these were offered a loan. We provide evidence of higher self-employment, increases in inventory, a reduction in the incidence of wage work and an increase in the labor supply of 16-19-year-olds in the household's business. We also present some evidence of increases in profits and a reduction in consumption and savings. There is no evidence that the program increased overall household income. (JEL C93, G21, I38, J23, L25, P34, P36)Citation
Augsburg, Britta, Ralph De Haas, Heike Harmgart, and Costas Meghir. 2015. "The Impacts of Microcredit: Evidence from Bosnia and Herzegovina." American Economic Journal: Applied Economics, 7 (1): 183–203. DOI: 10.1257/app.20130272Additional Materials
JEL Classification
- C93 Field Experiments
- G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
- J23 Labor Demand
- L25 Firm Performance: Size, Diversification, and Scope
- P34 Socialist Institutions and Their Transitions: Financial Economics
- P36 Socialist Institutions and Their Transitions: Consumer Economics; Health; Education and Training: Welfare, Income, Wealth, and Poverty
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