Replication data for: The Miracle of Microfinance? Evidence from a Randomized Evaluation

Principal Investigator(s): View help for Principal Investigator(s) Abhijit Banerjee; Esther Duflo; Rachel Glennerster; Cynthia Kinnan

Version: View help for Version V1

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Project Citation:

Banerjee, Abhijit, Duflo, Esther, Glennerster, Rachel, and Kinnan, Cynthia. Replication data for: The Miracle of Microfinance? Evidence from a Randomized Evaluation. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113599V1

Project Description

Summary: This paper reports results from the randomized evaluation of a group-lending microcredit program in Hyderabad, India. A lender worked in 52 randomly selected neighborhoods, leading to an 8.4 percentage point increase in takeup of microcredit. Small business investment and profits of preexisting businesses increased, but consumption did not significantly increase. Durable goods expenditure increased, while "temptation goods" expenditure declined. We found no significant changes in health, education, or women's empowerment. Two years later, after control areas had gained access to microcredit but households in treatment area had borrowed for longer and in larger amounts, very few significant differences persist. (JEL G21, G31, O16, O12, L25, I38)

Scope of Project

JEL Classification:
      G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
      G31 Capital Budgeting; Fixed Investment and Inventory Studies; Capacity
      I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
      L25 Firm Performance: Size, Diversification, and Scope
      O12 Microeconomic Analyses of Economic Development
      O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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V1 [2019-10-12]

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