The Impacts of Microcredit: Evidence from Bosnia and Herzegovina

• 成果类型: Article
• 署名作者: Augsburg, Britta; De Haas, Ralph; Harmgart, Heike; Meghir, Costas
• 署名单位: University of London; London School Economics & Political Science; European Bank of Reconstructon & Development; Tilburg University; Yale University
• 刊物名称: AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS
• ISSN/ISSBN: 1945-7782
• DOI: 10.1257/app.20130272
• 发表日期: 2015
• 页码: 183-203
• 关键词: credit

摘要

We use an RCT to analyze the impacts of microcredit. The study population consists of loan applicants who were marginally rejected by an MFI in Bosnia. A random subset of these were offered a loan. We provide evidence of higher self-employment, increases in inventory, a reduction in the incidence of wage work and an increase in the labor supply of 16-19-year-olds in the household's business. We also present some evidence of increases in profits and a reduction in consumption and savings. There is no evidence that the program increased overall household income.