The macroeconomy and microfinance outreach: A panel data analysis

Awaworyi Churchill, S 2019, 'The macroeconomy and microfinance outreach: A panel data analysis', Applied Economics, vol. 51, no. 21, pp. 2266-2274.

Document type: Journal Article
Collection: Journal Articles

Title The macroeconomy and microfinance outreach: A panel data analysis
Author(s) Awaworyi Churchill, S
Year 2019
Journal name Applied Economics
Volume number 51
Issue number 21
Start page 2266
End page 2274
Total pages 9
Publisher Taylor & Francis
Abstract This study examines the effects of macroeconomic and institutional factors on microfinance institution (MFI) outreach. To capture the performance of the macroeconomy, we include proxies for institutional quality, economic growth, FDI inflow, unemployment rate, inflation and the prevalence of wage-earning jobs. Further, we examine effects on outreach along the dimensions of outreach depth and outreach breadth. Using data on 1526 MFIs from 99 countries over the period 2000 to 2015, our results suggest that environments characterised by high levels of economic performance and good institutions tend to hinder outreach performance. These results suggest that MFIs depend on a poor economy to thrive given the informal nature of microfinance.
Subject Applied Economics not elsewhere classified
Keyword(s) Microfinance
DOI - identifier 10.1080/00036846.2018.1540857
Copyright notice © 2018 Informa UK Limited, trading as Taylor & Francis Group
ISSN 1466-4283
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