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This paper addresses whether microcredit participants in Bangladesh are trapped in poverty and debt, as many critics …, invest in children's schooling, and be lifted out of poverty. This is not to say that non-participants have failed to … of poverty reduction have been higher for participants. Testing the net effect of microcredit programs requires applying …
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As many as 50 million people in Pakistan may still live without connection to the electric grid. Pakistan also has some of the world's worst power outages. Using data from a nationally representative two-period panel survey, this paper presents the first empirical evidence on the cost of...
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