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Essays on microfinance and poverty dynamics / Marc V. Gillaizeau

Swansea University Author: Marc V. Gillaizeau

DOI (Published version): 10.23889/SUthesis.40944

Abstract

Microfinance celebrates 40 years of existence with an ever wider popularity in the community of development practitioners. It is one of the cornerstones of the newly designed Sustainable Development Goals. But popularity does not mean success. To this day, the actual empirical evidence on the welfar...

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Published: 2017
Institution: Swansea University
Degree level: Doctoral
Degree name: Ph.D
URI: https://cronfa.swan.ac.uk/Record/cronfa40944
first_indexed 2018-07-10T10:31:20Z
last_indexed 2025-04-05T03:26:15Z
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recordtype RisThesis
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spelling 2025-04-04T13:37:00.6594807 v2 40944 2018-07-06 Essays on microfinance and poverty dynamics caacc99f61a4e61f3cb83b8a8c1e95c1 NULL Marc V. Gillaizeau Marc V. Gillaizeau true true 2018-07-06 Microfinance celebrates 40 years of existence with an ever wider popularity in the community of development practitioners. It is one of the cornerstones of the newly designed Sustainable Development Goals. But popularity does not mean success. To this day, the actual empirical evidence on the welfare impacts of microfinance programs are mixed. Using panel data from Bangladesh, this thesis seeks to address three major gaps in the literature.Impact evaluation studies typically focus on mean population outcomes. Chapter 2 makes use of quantile regression techniques in order to investigate potential distributional impacts of microfinance programs. There is compelling evidence that if microfinance benefits borrowers, the impacts are not the same for everyone. Such impact heterogeneity can have important welfare consequences.Chapter 3 investigates whether spillover effects from microfinance programs exist, which could benefit the community as a whole on top of direct beneficiaries. Afterproviding a new set of direct impact estimates that corroborate previous findings, estimations suggest there are potentially consumption gains to non-borrowers who live in villages where microfinance is accessible. A linear social interactions model succeeds in characterising spillover effects on consumption and on boys schooling as stemming from peer endogenous effects.Chapter 4 looks into the benefits of microfinance in helping the poor deal with vulnerability, another dimension of welfare that relates to the ability to insure against risks. A measure of vulnerability as expected poverty is constructed from cross-sections of data directly. After seven years went by between the surveys borrowers, who were by far worse off than non borrowers in their ability to face idiosyncratic shocks, do at least as well as non-borrowers. Empirical evidence suggests that households who borrowed are less likely to be considered as vulnerable. E-Thesis 31 12 2017 2017-12-31 10.23889/SUthesis.40944 COLLEGE NANME Economics COLLEGE CODE Swansea University Doctoral Ph.D Not Required 2025-04-04T13:37:00.6594807 2018-07-06T10:26:59.0615295 Faculty of Humanities and Social Sciences School of Social Sciences - Economics Marc V. Gillaizeau NULL 1 0040944-06072018102758.pdf Gillaizeau_Marc_PhD_Thesis_Final_1.pdf 2018-07-06T10:27:58.7470000 Output 3187522 application/pdf E-Thesis – open access true 2018-12-31T00:00:00.0000000 true
title Essays on microfinance and poverty dynamics
spellingShingle Essays on microfinance and poverty dynamics
Marc V. Gillaizeau
title_short Essays on microfinance and poverty dynamics
title_full Essays on microfinance and poverty dynamics
title_fullStr Essays on microfinance and poverty dynamics
title_full_unstemmed Essays on microfinance and poverty dynamics
title_sort Essays on microfinance and poverty dynamics
author_id_str_mv caacc99f61a4e61f3cb83b8a8c1e95c1
author_id_fullname_str_mv caacc99f61a4e61f3cb83b8a8c1e95c1_***_Marc V. Gillaizeau
author Marc V. Gillaizeau
author2 Marc V. Gillaizeau
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publishDate 2017
institution Swansea University
doi_str_mv 10.23889/SUthesis.40944
college_str Faculty of Humanities and Social Sciences
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hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Social Sciences - Economics{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Social Sciences - Economics
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description Microfinance celebrates 40 years of existence with an ever wider popularity in the community of development practitioners. It is one of the cornerstones of the newly designed Sustainable Development Goals. But popularity does not mean success. To this day, the actual empirical evidence on the welfare impacts of microfinance programs are mixed. Using panel data from Bangladesh, this thesis seeks to address three major gaps in the literature.Impact evaluation studies typically focus on mean population outcomes. Chapter 2 makes use of quantile regression techniques in order to investigate potential distributional impacts of microfinance programs. There is compelling evidence that if microfinance benefits borrowers, the impacts are not the same for everyone. Such impact heterogeneity can have important welfare consequences.Chapter 3 investigates whether spillover effects from microfinance programs exist, which could benefit the community as a whole on top of direct beneficiaries. Afterproviding a new set of direct impact estimates that corroborate previous findings, estimations suggest there are potentially consumption gains to non-borrowers who live in villages where microfinance is accessible. A linear social interactions model succeeds in characterising spillover effects on consumption and on boys schooling as stemming from peer endogenous effects.Chapter 4 looks into the benefits of microfinance in helping the poor deal with vulnerability, another dimension of welfare that relates to the ability to insure against risks. A measure of vulnerability as expected poverty is constructed from cross-sections of data directly. After seven years went by between the surveys borrowers, who were by far worse off than non borrowers in their ability to face idiosyncratic shocks, do at least as well as non-borrowers. Empirical evidence suggests that households who borrowed are less likely to be considered as vulnerable.
published_date 2017-12-31T12:10:32Z
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