Microfinance institutions, banking, growth and transmission channel: A GMM panel data analysis from developing countries

نویسندگان

چکیده

This paper aims to analyse the statistical significance of MFIs’ and banks’ performance on economic development through a GMM panel analysis between 1999 2016. Our main contributions previous literature are twofold. Firstly, we consider greater variety indicators capture different aspects performance. Secondly, besides traditional channels transmission such as investment human capital, account for an important potential channel, which is consumption. We mainly find that despite their relatively small size, contributes even when taken into account. Furthermore, our results suggest by improving social financial performance, MFIs increase Especially, show women use loans consume rather than invest. Finally, also improves GDP per capita investment, consumption capital.

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ژورنال

عنوان ژورنال: The Quarterly Review of Economics and Finance

سال: 2021

ISSN: ['1878-4259', '1062-9769']

DOI: https://doi.org/10.1016/j.qref.2020.06.004