We use data from a randomized controlled trial conducted in 2003-2006 in rural Amhara and Oromiya (Ethiopia) to study the impacts of increasing access to microfinance on a number of socioeconomic outcomes, including income from agriculture, animal husbandry, nonfarm self-employment, labor supply, schooling and indicators of women's empowerment. We document that despite substantial increases in borrowing in areas assigned to treatment the null of no impact cannot be rejected for a large majority of outcomes. (JEL G21, I20, J13, J16, O13, O16, O18)
Tarozzi, Alessandro, Jaikishan Desai, and Kristin Johnson.
"The Impacts of Microcredit: Evidence from Ethiopia."
American Economic Journal: Applied Economics,
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Education and Research Institutions: General
Fertility; Family Planning; Child Care; Children; Youth
Economics of Gender; Non-labor Discrimination
Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure