Replication data for: The Impact of Credit on Village Economies
Principal Investigator(s): View help for Principal Investigator(s) Joseph P. Kaboski; Robert M. Townsend
Version: View help for Version V1
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Project Citation:
Kaboski, Joseph P., and Townsend, Robert M. Replication data for: The Impact of Credit on Village Economies. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116377V1
Project Description
Summary:
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This paper evaluates the short- and longer term impact of Thailand's "Million Baht Village Fund" program, among the largest scale government microfinance iniatives in the world, using pre- and post-program panel data and quasi-experimental cross-village variation in credit per household. We find that the village funds have increased total short-term credit, consumption, agricultural investment,
and income growth (from business and labor), but decreased overall asset growth. We also find a positive impact on wages, an important general equilibrium effect. The findings are broadly consistent qualitatively with models of credit-constrained household
behavior and models of intermediation and growth. (JEL D14, G21, O12, O16, O18)
Scope of Project
JEL Classification:
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D14 Household Saving; Personal Finance
G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
O12 Microeconomic Analyses of Economic Development
O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
O18 Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
D14 Household Saving; Personal Finance
G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
O12 Microeconomic Analyses of Economic Development
O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
O18 Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
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