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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/10013101353
We show how financial and managerial constraints impede experimentation and thus limit learning about the profitability of investments. Imperfect information about one's own type, but willingness to experiment to learn one's type, leads to short-run negative expected returns to investments, with...
Persistent link: https://www.econbiz.de/10013085940
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/10009615069
Business model. He also studied the Growth impact due to Grameen bank in Bangladesh and these studies helped to build …
Persistent link: https://www.econbiz.de/10014144315
Due to multilateral trade liberalization and a large number of bilateral and plurilateral preferential trade agreements, border barriers to trade, especially tariffs, have decreased tremendously. As a result, trade facilitation plays an increasingly important role in removing behind-the-border...
Persistent link: https://www.econbiz.de/10009702969
This paper uses a panel data set of microfinance institutions (MFI) across the world to compare several identification strategies of cost efficiency and economies of scale. Concretely, we contrast the non-parametric Data Envelopment Analysis (DEA) with the Stochastic Frontier Analysis (SFA) and...
Persistent link: https://www.econbiz.de/10010319737
(english) This study aims at assessing the impact of a microfinance institution serving micro-entrepreneurs in Antananarivo (Madagascar). It starts by reviewing the recent literature on the socioeconomic impact of microfinance, then moves on to describe the current state of supply and demand of...
Persistent link: https://www.econbiz.de/10005416739
(english) This article highlights the main findings of an evaluation report on the impact of a microfinance program based in Antananarivo. It first provides background information on microfinance programs in Madagascar and on the market-demand for micro-loans. It then describes the main...
Persistent link: https://www.econbiz.de/10005416754
This study aims at assessing the impact of a microfinance institution serving micro-entrepreneurs in Antananarivo (Madagascar). It starts by reviewing the recent literature on the socioeconomic impact of microfinance, then moves on to describe the current state of supply and demand of...
Persistent link: https://www.econbiz.de/10011074295
By using stochastic frontier analysis, this article examines the technical efficiency of different types of microfinance institutions in Latin America. In particular, it tests whether differences in technical efficiency, both intra- and interfirm, can be explained by differences in ownership....
Persistent link: https://www.econbiz.de/10010574875