| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17905 |
| 来源ID | Working Paper 17905 |
| The Macroeconomics of Microfinance | |
| Francisco J. Buera; Joseph P. Kaboski; Yongseok Shin | |
| 发表日期 | 2012-03-08 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We provide a quantitative evaluation of the aggregate and distributional impact of microfinance or credit programs targeted toward small businesses. We find that the redistributive impact of microfinance is stronger in general equilibrium than in partial equilibrium, but the impact on aggregate output and capital is smaller in general equilibrium. Aggregate total factor productivity (TFP) increases with microfinance in general equilibrium but decreases in partial equilibrium. When general equilibrium effects are accounted for, scaling up the microfinance program will have only a small impact on per-capita income, because the increase in TFP is counterbalanced by lower capital accumulation resulting from the redistribution of income from high-savers to low-savers. Nevertheless, the vast majority of the population will be positively affected by microfinance through the increase in equilibrium wages. |
| 主题 | Microeconomics ; Behavioral Economics ; Macroeconomics ; Money and Interest Rates ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w17905 |
| 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/575581 |
| 推荐引用方式 GB/T 7714 | Francisco J. Buera,Joseph P. Kaboski,Yongseok Shin. The Macroeconomics of Microfinance. 2012. |
| 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 | ||
| w17905.pdf（307KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
