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Lack of access to finance is often cited as a key reason why poor people remain poor. This paper uses data on the Indian rural branch expansion program to provide empirial evidence on this issue. Between 1977 and 1990, the Indian Central Bank mandated that a commercial bank can open a branch in...
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large dams in India. To account for endogenous placement of dams we use GIS data and the fact that river gradient affects a … estimates suggest that large dam construction in India is a marginally cost-effective investment with significant distributional …
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