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This paper begins by summarizing the micro-evidence on credit markets from a large number of studies from all over the world, with the goal of identifying a number of stylized facts. We argue that, in particular, the evidence strongly suggests that for poor people in developing countries,...
Persistent link: https://www.econbiz.de/10014117591
This paper begins by summarizing the micro-evidence on credit markets from a large number of studies from all over the world, with the goal of identifying a number of stylized facts. We argue that, in particular, the evidence strongly suggests that for poor people in developing countries,...
Persistent link: https://www.econbiz.de/10014118309
There is ample evidence from economic growth literature that investment accelerates economic growth and development of … focused more on encouraging private sector investment through the development of the financial sector. This paper investigates … the short- and long-run impact of financial development on private investment in Ghana for the years 1970 …
Persistent link: https://www.econbiz.de/10011610224
This study provides formal theoretical evidence that an agenda for economic development of a `Village' that is built around an aggressive foray into provision of Microfinance is more likely to fail, than to succeed. The Microfinance strategy fails, because any businesses formed by `Villagers'...
Persistent link: https://www.econbiz.de/10012860391
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not provide sufficient credit for investment. National development banks play a key role in facilitating the economic …
Persistent link: https://www.econbiz.de/10012940029