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The purpose of this paper is to identify the organisational comparative advantage of NGOs, and to develop a model which explains the set of circumstances uder which they emerge and dominate other types of firms. It is argued that the potential superiority of NGOs derives from two features: (1)...
Persistent link: https://www.econbiz.de/10010745102
Few microfinance-funded businesses grow beyond subsistence entrepreneurship. This paper considers one possible … explanation: that the structure of existing microfinance contracts may discourage risky but high-expected return investments. To … microfinance institution in India. The experiments confirm the theoretical predictions that joint liability creates two …
Persistent link: https://www.econbiz.de/10010746368
microfinance borrowers. The paper posits that social capital - social relations that facilitate individual action – is essential …
Persistent link: https://www.econbiz.de/10010745098
Motivated by recent controversies surrounding the role of commercial lenders in microfinance, we analyze borrower …
Persistent link: https://www.econbiz.de/10011126412
Persistent link: https://www.econbiz.de/10011125912
This paper uses data from the British Household Panel Survey and the Attitudes to Inheritances Survey to estimate the magnitude of and the factors that are correlated with private inter-household transfers from parents to their adult children in the UK. Our evidence suggests that inter vivos...
Persistent link: https://www.econbiz.de/10011071119
Despite their potentially strong impact on poverty, agricultural innovations are often adopted slowly. Using a unique household dataset on sunflower adoption in Mozambique, we analyse whether and how individual adoption decisions depend upon the choices of others in the same social networks....
Persistent link: https://www.econbiz.de/10010884493
Individuals and business owners engage in an increasingly complex array of financial decisions that are critical for their success and well-being. Yet a growing literature documents that in both developed and developing countries, a large fraction of the population is unprepared to make these...
Persistent link: https://www.econbiz.de/10010884647
The determinants of government responsiveness to its citizens is a key issue in political economy. Here we develop a model based on the solution of political agency problems. Having a more informed an politically active electorate strengthens incentives for governments to be responsive. This...
Persistent link: https://www.econbiz.de/10010928605
The paper studies credible information transmission by governments. A group of heterogenous individuals have to make private investment and labour supply decisions while relying on the government for information about investment returns. The government consists of an elected citizen who chooses...
Persistent link: https://www.econbiz.de/10010928656