| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16018 |
| 来源ID | Working Paper 16018 |
| Building Social Capital Through MicroFinance | |
| Benjamin Feigenberg; Erica M. Field; Rohini Pande | |
| 发表日期 | 2010-05-20 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | A number of development assistance programs promote community interaction as a means of building social capital. Yet, despite strong theoretical underpinnings, the role of repeat interactions in sustaining cooperation has proven difficult to identify empirically. We provide the first experimental evidence on the economic returns to social interaction in the context of microfinance. Random variation in the frequency of mandatory meetings across first-time borrower groups generates exogenous and persistent changes in clients' social ties. We show that the resulting increases in social interaction among clients more than a year later are associated with improvements in informal risk-sharing and reductions in default. A second field experiment among a subset of clients provides direct evidence that more frequent interaction increases economic cooperation among clients. Our results indicate that group lending is successful in achieving low rates of default without collateral not only because it harnesses existing social capital, as has been emphasized in the literature, but also because it builds new social capital among participants. |
| 主题 | Econometrics ; Data Collection ; Experimental Design ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w16018 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573692 |
| 推荐引用方式 GB/T 7714 | Benjamin Feigenberg,Erica M. Field,Rohini Pande. Building Social Capital Through MicroFinance. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16018.pdf（1457KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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