The Library
Commercialization and the decline of joint liability microcredit
Tools
de Quidt, Jonathan, Fetzer, Thiemo and Ghatak, Maitreesh (2018) Commercialization and the decline of joint liability microcredit. Journal of Development Economics, 134 . pp. 209-225. doi:10.1016/j.jdeveco.2018.05.010 ISSN 0304-3878.
|
PDF
WRAP-Commercialization-and-the-decline-Fetzer-2018.pdf - Accepted Version - Requires a PDF viewer. Available under License Creative Commons Attribution Non-commercial No Derivatives 4.0. Download (1433Kb) | Preview |
Official URL: https://doi.org/10.1016/j.jdeveco.2018.05.010
Abstract
Numerous authors point to a decline in joint liability microcredit, and rise in individual liability lending. But empirical evidence is lacking, and there have been no rigorous analyses of possible causes. We first show using the well-known MIX Market dataset that there is evidence for a decline. Second, we show theoretically that commercialization – an increase in competition and a shift from non-profit to for-profit lending (both of which are present in the data) – drives lenders to reduce their use of joint liability loan contracts. Third, we test the model’s key predictions, and find support for them in the data.
Item Type: | Journal Article | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Subjects: | H Social Sciences > HG Finance | ||||||||||||
Divisions: | Faculty of Social Sciences > Economics | ||||||||||||
Library of Congress Subject Headings (LCSH): | Microfinance | ||||||||||||
Journal or Publication Title: | Journal of Development Economics | ||||||||||||
Publisher: | Elsevier | ||||||||||||
ISSN: | 0304-3878 | ||||||||||||
Official Date: | September 2018 | ||||||||||||
Dates: |
|
||||||||||||
Volume: | 134 | ||||||||||||
Page Range: | pp. 209-225 | ||||||||||||
DOI: | 10.1016/j.jdeveco.2018.05.010 | ||||||||||||
Status: | Peer Reviewed | ||||||||||||
Publication Status: | Published | ||||||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||||||
Date of first compliant deposit: | 21 May 2018 | ||||||||||||
Date of first compliant Open Access: | 21 November 2018 | ||||||||||||
RIOXX Funder/Project Grant: |
|
||||||||||||
Related URLs: | |||||||||||||
Open Access Version: |
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |
Downloads
Downloads per month over past year