Microfinance institutions, banking, growth and transmission channel: a GMM panel data analysis from developping countries - Laboratoire en Innovation, Technologies, Économie et Management Accéder directement au contenu
Article Dans Une Revue Quarterly Review of Economics and Finance Année : 2021

Microfinance institutions, banking, growth and transmission channel: a GMM panel data analysis from developping countries

Résumé

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

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Dates et versions

hal-02888281 , version 1 (13-02-2023)

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Paternité - Pas d'utilisation commerciale

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Jean Michel Banto, Atokê Fredia Monsia. Microfinance institutions, banking, growth and transmission channel: a GMM panel data analysis from developping countries. Quarterly Review of Economics and Finance, 2021, 79, pp.126-150. ⟨10.1016/j.qref.2020.06.004⟩. ⟨hal-02888281⟩
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