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Follow the Money : Methods for Identifying Consumption and Investment Responses to a Liquidity Shock
Karlan, Dean - 2013
Identifying the impacts of liquidity shocks on spending decisions is difficult methodologically but important for theory, practice, and policy. Using seven different methods on microenterprise loan applicants, we find striking results. Borrowers report uses of loan proceeds strategically, and...
Persistent link: https://www.econbiz.de/10012458966
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Hoping to Win, Expected to Lose : Theory and Lessons on Micro Enterprise Development
Karlan, Dean - 2012
Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...
Persistent link: https://www.econbiz.de/10012460338
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Unlocking the Benefits of Credit through Saving
Mukherjee, Sanghamitra W.; Bergquist, Lauren Falcao; … - National Bureau of Economic Research - 2021
Access to microcredit has been shown to generate only modest average benefits for recipient households. We study whether other financial market frictions--in particular, lack of access to a safe place to save--might limit credit's benefits. Working with Kenyan farmers, we cross-randomize access...
Persistent link: https://www.econbiz.de/10012794570
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Sell Low and Buy High : Arbitrage and Local Price Effects in Kenyan Markets
Burke, Marshall - 2018
low and buy high" rather than the reverse. In a field experiment in Kenya, we show that credit market imperfections limit …
Persistent link: https://www.econbiz.de/10012453239
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The Persistent Power of Behavioral Change : Long-Run Impacts of Temporary Savings Subsidies for the Poor
Schaner, Simone - 2016
I use a field experiment in rural Kenya to study how temporary incentives to save impact long-run economic outcomes …
Persistent link: https://www.econbiz.de/10012456145
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Microequity and Mutuality : Experimental Evidence on Credit with Performance-Contingent Repayment
Cordaro, Francesco; Fafchamps, Marcel; Mayer, Colin P.; … - National Bureau of Economic Research - 2022
We conduct the first field experiment of a performance-contingent microfinance contract. A large food multinational … Kenya, we compare asset financing under a traditional debt contract to three alternatives: (i) a novel equity-like financing … large positive impacts from the contractual innovations. These findings demonstrate the economic appeal of microfinance …
Persistent link: https://www.econbiz.de/10013388766
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Aspirations and Financial Decisions : Experimental Evidence from the Philippines
McKenzie, David J.; Mohpal, Aakash; Yang, Dean - National Bureau of Economic Research - 2021
A randomized experiment among poor entrepreneurs tested the impact of exogenously inducing higher financial aspirations. In theory, raising aspirations could have positive effects by inducing higher effort, but could also reduce effort if unmet aspirations lead to frustration. Treatment resulted...
Persistent link: https://www.econbiz.de/10012496161
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Intuit QuickBooks Small Business Index : A New Employment Series for the US, Canada, and the UK
Akcigit, Ufuk; Chhina, Raman; Cilasun, Seyit Mümin; … - National Bureau of Economic Research - 2023
Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar firms start their business life small and then grow over time. Small firms have less internal resources, which makes them more fragile and sensitive to macroeconomic conditions....
Persistent link: https://www.econbiz.de/10014322738
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Business Practices in Small Firms in Developing Countries
McKenzie, David - 2015
Bangladesh, Chile, Ghana, Kenya, Mexico, Nigeria and Sri Lanka. We show that variation in business practices explains as much of …
Persistent link: https://www.econbiz.de/10012457163
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Implicit and Explicit Commitment in Credit and Saving Contracts : A Field Experiment
Afzal, Uzma - 2019
microfinance institution. We offer a commitment contract inspired by the rotating structure of a ROSCA. Additional treatments test …
Persistent link: https://www.econbiz.de/10012479752