On the empirics of microfinance institutions and local economic development in Africa
Bibliographic Data
| ID | 21540914 |
|---|---|
| Authors | Nixon S Chekenya (0000-0002-6533-6790, Texas Tech University, corresponding author) |
| Year | 2023 |
| Volume | 40 |
| Issue | 6 |
| Pages | 1234-1257 |
| Publication date | 2023-11-02 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Development Southern Africa (JOURNAL) |
| Journal identifiers | ISSN: 0376-835X • E-ISSN: 1470-3637 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/0376835x.2023.2224359 |
| OpenAlex | W4382248682 |
| Language | EN |
| References cited | 40 |
The link between finance and growth is a well-researched area, yet this relationship at the local level has received little empirical scrutiny. We trace the operations of Microfinance Institutions (MFIs) in Africa. We examine the role played by MFIs on local economic development using a model capturing both local geography and MFIs dynamics for the periods 1992–2015. Our sample is representative of 2,170 MFIs operating in 144 cities, 154 towns, and 14 villages in Africa. Using night time data to capture economic growth, our key hypothesis is that MFIs drive local economic progress. Conditioning on the geographical location of MFIs, we find that the presence and density of MFIs increase as the growth in light density and the estimate retains its statistical significance. The results suggest that MFIs operations may foster local economic activity
Development economics · Economic geography · Economic growth · Economics · Local economic development · Microfinance · Political science · Scrutiny · Microfinance and Financial Inclusion · Sharing Economy and Platforms · Urban and Rural Development Challenges
Relation between satellite observed visible-near infrared emissions, population, economic activity and electric power consumption
Finance and Growth
Using luminosity data as a proxy for economic statistics
Beyond GDP
Global estimates of market and non-market values derived from nighttime satellite imagery, land cover, and ecosystem service valuation
Why Is Africa Poor
A sharper image? Estimates of the precision of nighttime lights as a proxy for economic statistics
Potential for global mapping of development via a nightsat mission
Does Microfinance Work as a Recovery Tool After Disasters? Evidence from the 2004 Tsunami
The double bottom line of microfinance
Monitoring Economic Development from Space
Microfinance
Do criminally accused politicians affect economic outcomes? Evidence from India
Which night lights data should we use in economics, and where
Night-time Imagery as a Tool for Global Mapping of Socioeconomic Parameters and Greenhouse Gas Emissions
The Nature of the Firm
Historical legacies
Can Foreign Aid Buy Growth
Social Transfers and Growth
Institutions
| Citation velocity | historical |
|---|---|
| Highly cited | No |