Imai, Katsushi S.; Gaiha, Raghav; Thapa, Ganesh; Annim, … - In: World Development 40 (2012) 8, pp. 1675-1689
We test the hypothesis that microfinance reduces poverty at the macro level using cross-country and panel data which … per capita tends to have lower levels of poverty indices. Contrary to recent micro evidence, our results suggest that … microfinance significantly reduces poverty at macro level and thus reinforce the case for channeling funds from development finance …