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Agricultural Decisions after Relaxing Credit and Risk Constraints

Karlan, Dean; Udry, Christopher; Osei, Robert Darko; … - National Bureau of Economic Research (NBER) - 2012

The investment decisions of small‐scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana...

Persistent link: https://www.econbiz.de/10010969291

After the Drought: The Impact of Microinsurance on Consumption Smoothing and Asset Protection

Janzen, Sarah A.; Carter, Michael R. - National Bureau of Economic Research (NBER) - 2013

When natural disasters afflict poor communities that lack buoyant access to financial markets, households face the unsavory choice of reducing consumption in order to protect remaining assets, or selling assets at low prices in order to maintain consumption and nutrition. Both choices are costly...

Persistent link: https://www.econbiz.de/10010721188

Saving More to Borrow Less: Experimental Evidence from Access to Formal Savings Accounts in Chile

Kast, Felipe; Pomeranz, Dina - National Bureau of Economic Research (NBER) - 2014

reducing barriers to saving through access to free savings accounts decreases participants' short-term debt by about 20%. In …-being improves significantly. Precautionary savings and credit therefore act as substitutes in providing self-insurance, and … participants prefer borrowing less when a free formal savings account is available. Take-up patterns suggest that requests by …

Persistent link: https://www.econbiz.de/10010785590

Aspire

Fafchamps, Marcel; Quinn, Simon - National Bureau of Economic Research (NBER) - 2015

We gave US$1,000 cash prizes to winners of a business plan competition in Africa. The competition, entitled ‘Aspire’, was intended to attract young individuals aspiring to become entrepreneurs. Participants were ranked by committees of judges composed of established entrepreneurs. Each...

Persistent link: https://www.econbiz.de/10011252667

Building Social Capital Through MicroFinance

Pande, Rohini; Feigenberg, Benjamin; Field, Erica M. - National Bureau of Economic Research (NBER) - 2010

A number of development assistance programs promote community interaction as a means of building social capital. Yet, despite strong theoretical underpinnings, the role of repeat interactions in sustaining cooperation has proven difficult to identify empirically. We provide the first...

Persistent link: https://www.econbiz.de/10008625923

Microinsurance, Trust and Economic Development: Evidence from a Randomized Natural Field Experiment

Cai, Hongbin; Fang, Hanming; Zhou, Li-An; Chen, Yuyu - National Bureau of Economic Research (NBER) - 2009

We report results from a large randomized natural field experiment conducted in southwestern China in the context of insurance for sows. Our study sheds light on two important questions about microinsurance. First, how does access to formal insurance affect farmers' production decisions? Second,...

Persistent link: https://www.econbiz.de/10008627139

The Diffusion of Microfinance

Duflo, Esther; Jackson, Matthew O.; Banerjee, Abhijit; … - National Bureau of Economic Research (NBER) - 2012

We examine how participation in a microfinance program diffuses through social networks. We collected detailed demographic and social network data in 43 villages in South India before microfinance was introduced in those villages and then tracked eventual participation. We exploit exogenous...

Persistent link: https://www.econbiz.de/10009397139

Credit Market Consequences of Improved Personal Identification: Field Experimental Evidence from Malawi

Giné, Xavier; Goldberg, Jessica; Yang, Dean - National Bureau of Economic Research (NBER) - 2011

We report the results of a randomized field experiment that examines the credit market impacts of improvements in a lender's ability to determine borrowers' identities. Improved personal identification enhances the credibility of a lender's dynamic repayment incentives by allowing it to withhold...

Persistent link: https://www.econbiz.de/10009323421

Innovation and Growth with Financial, and other, Frictions

Meh, Cesaire; Wright, Randall; Chiu, Jonathan - National Bureau of Economic Research (NBER) - 2011

The generation and implementation of ideas, or knowledge, is crucial for economic performance. We study this process in a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and with the exchange of ideas from those who generate them...

Persistent link: https://www.econbiz.de/10009325528

Follow the Money: Methods for Identifying Consumption and Investment Responses to a Liquidity Shock

Karlan, Dean; Zinman, Jonathan; Osman, Adam - National Bureau of Economic Research (NBER) - 2013

Identifying the impacts of liquidity shocks on spending decisions is difficult methodologically but important for theory, practice, and policy. Using seven different methods on microenterprise loan applicants, we find striking results. Borrowers report uses of loan proceeds strategically, and...

Persistent link: https://www.econbiz.de/10010796676

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