Acceso abierto

The effect of microfinance on income inequality: Perspective of developing countries


Cite

Amin, R., & Sheikh, R. I. (2011). The impact of micro-finance program on the poor: A comparative study of Grameen Bank, BRAC and ASA in some selected areas in Bangladesh. European Journal of Business Management, 3(4), 346-364. Retrieved from http://www.iiste.org/Journals/index.php/EJBM/article/view/320 Search in Google Scholar

Baldi, G., & Šipilova, V. (2014). How big are the employment effects of microloans? Evidence from a case study in Latvia. Theoretical and Practical Research in Economic Field, 5(1), 17-31. doi: 10.14505/tpref.v5.1(9).0210.14505/tpref.v5.1(9).02 Search in Google Scholar

Bangoura, L., Mbow, M. K., Lessoua, A., & Diaw, D. (2016). Impact of microfinance on poverty and inequality: A heterogeneous panel causality analysis. Revue d’Economie Politique, 126(5), 789-818. doi: 10.3917/redp.265.078910.3917/redp.265.0789 Search in Google Scholar

Bateman, M., & Chang, H. (2012). Microfinance and the illusion of development: From hubris to nemesis in thirty years. World Economic Review, 1, 13-36. Retrieved from http://wer.worldeconomicsassociation.org/papers/microfinance-and-the-illusion-of-development-from-hubris-to-nemesis-in-thirty-years/ Search in Google Scholar

Beck, T., Demirgüç-Kunt, A., & Levine, R. (2007). Finance, inequality and the poor. Journal of Economic Growth, 12, 27-49. doi: 10.1007/s10887-007-9010-610.1007/s10887-007-9010-6 Search in Google Scholar

Bruhn, M., & Love, I. (2014). The real impact of improved access to finance: Evidence from Mexico. The Journal of Finance, 69(3), 1347-1376. doi: 10.1111/jofi.1209110.1111/jofi.12091 Search in Google Scholar

Buera, F. J., Kaboski, J. P., & Shin, Y. (2012). The macroeconomics of microfinance (NBER Working Paper No. 17905). Cambridge, MA: National Bureau of Economic Research. Retrieved from http://www.nber.org/papers/w17905 Search in Google Scholar

Calderon, C., & Chong, A. (2001). External sector and income inequality in interdependent economies using a dynamic panel data approach. Economics Letters, 71, 225-231. doi: 10.1016/s0165-1765(01)00374-310.1016/S0165-1765(01)00374-3 Search in Google Scholar

Chowdhury, M. J. A., Ghosh, D., & Wright, R. E. (2005). The impact of microcredit on poverty: Evidence from Bangladesh. Progress in Development Studies, 5(4), 298-309. doi: 10.1191/1464993405ps116oa10.1191/1464993405ps116oa Search in Google Scholar

Clarke, G. R. G., Xu, L. C., & Zou, H. F. (2006). Finance and income inequality: What do the data tell us? Southern Economic Journal, 72(3), 578-596. doi: 10.2307/2011183410.2307/20111834 Search in Google Scholar

Copestake, J. (2013). Research on microfinance in India: Combining impact assessment with a broader development perspective. Oxford Development Studies, 41(suppl 1), S17-S34. doi: 10.1080/13600818.2012.68981810.1080/13600818.2012.689818 Search in Google Scholar

Dabla-Norris, E., Kochhar, K., Suphaphiphat, N., Ricka, F., & Tsounta, E. (2015). Causes and consequences of income inequality: A global perspective (IMF Staff Discussion Note No. 15/13). Washington, DC: International Monetary Fund. Retrieved from https://www.imf.org/external/pubs/cat/longres.aspx?sk=42986.0 Search in Google Scholar

Electrin, M., Mosoti, J. M., George, G. E., Mandere, E. N., Jonathan, F. M., Kagumba, A. M., & Njenga, M. (2013). An evaluation of microfinance services on poverty alleviation in Kisii county, Kenya. Research Journal of Finance and Accounting, 4(10), 28-37. Retrieved from http://repository.mkurwanda.ac.rw/handle/123456789/219 Search in Google Scholar

Fishman, J. (2012). Microfinance – is there a solution? A survey on the use of MFIs to alleviate poverty in India. Denver Journal of International Law & Policy, 40(4), 588-619. Retrieved from http://djilp.org/wp-content/uploads/2014/04/Fishman-macro-FINAL.pdf Search in Google Scholar

Ghosh, J. (2013). Microfinance and the challenge of financial inclusion for development. Cambridge Journal of Economics, 37, 1203-1219. doi: 10.1093/cje/bet04210.1093/cje/bet042 Search in Google Scholar

Hassan, M. K., & Lewis M. K. (2007). Handbook of Islamic banking. United Kingdom: Edward Elgar Publishing.10.4337/9781847205414 Search in Google Scholar

Hermes, N. (2014). Does microfinance affect income inequality? Applied Economics, 46(9), 1021-1034. doi: 10.1080/00036846.2013.86403910.1080/00036846.2013.864039 Search in Google Scholar

Hulme, D. (2000). Is microdebt good for poor people? A note on the dark side of micro-finance. Small Enterprise Development, 11(1), 26-28. doi: 10.3362/0957-1329. 2000.006 Search in Google Scholar

Hulme, D., & Mosley, P. (1996). Finance against poverty. London: Routledge. Search in Google Scholar

Iqbal, Z., & Mirakhor, A. (2011). An introduction to Islamic finance: Theory and practice. Singapore: John Wiley & Sons (Asia) Pte.10.1002/9781118390474 Search in Google Scholar

Kabeer, N. (2005). Gender equality and women’s empowerment: A critical analysis of the third millennium development goal. Gender & Development, 13(1), 13-24. doi: 10.1080/1355207051233133227310.1080/13552070512331332273 Search in Google Scholar

Kai, H., & Hamori, S. (2009). Microfinance and inequality. Research in Applied Economics, 1(1), 1-12. doi: 10.5296/rae.v1i1.30410.5296/rae.v1i1.304 Search in Google Scholar

Kumar, A. (2016). Does microfinance redefine identity, income and insecurity among rural women? A model of women’s empowerment. Enterprise Development and Microfinance, 27(3), 192-203. doi: 10.3362/1755-1986.2016.01610.3362/1755-1986.2016.016 Search in Google Scholar

Ladman, J. R., & Afcha, G. (1990). Group lending: Why it failed in Bolivia. Savings and Development, 14(4), 353-369. Retrieved from https://www.cabdirect.org/cabdirect/abstract/19906709673 Search in Google Scholar

Littlefield, E., Morduch, J., & Hashemi, S. (2003). Is microfinance an effective strategy to reach the Millennium Development Goals? CGAP Focus Note, 24, 1-11. Retrieved from http://documents.worldbank.org/curated/en/982761468319745482/Ismicrofinance-an-effective-strategy-to-reach-the-Millennium-Development-Goals Search in Google Scholar

Mahesh, M. (2016). The effects of trade openness on income inequality: Evidence from BRIC countries. Economics Bulletin, 36(3), 1751-1761. doi: 10.2139/ssrn.273672110.2139/ssrn.2736721 Search in Google Scholar

Manan, S. K. A., & Kamaluddin, N. (2010). The underlying contracts of Islamic banking (IB) products and some related issues in the current practice. Malaysian Accounting Review, 9, 99-144. Retrieved from arionline.uitm.edu.my/ojs/index.php/MAR/article/view/238/153 Search in Google Scholar

Mankiw, N. G., & Rashwan, M. H. (2012). Principles of economics (Middle East ed.). Hampshire: Cengage Learning EMEA. Search in Google Scholar

McKenzie, D., & Woodruff, C. (2008). Experimental evidence on returns to capital and access to finance in Mexico. World Bank Economic Review, 22, 457-482. doi: 10.1093/wber/lhn01710.1093/wber/lhn017 Search in Google Scholar

The Microcredit Summit. (1997). Microcredit Summit Report. Retrieved from http://www.microcreditsummit.org/resource/59/1997-microcredit-summit-report.html Search in Google Scholar

Rahman, R., & Nie, Q. (2011). The synthesis of Grameen Bank: Microfinance approaches in Bangladesh. International Journal of Economics and Finance, 3(6), 207-218. doi: 10.5539/ijef.v3n6p20710.5539/ijef.v3n6p207 Search in Google Scholar

Rahman, M. W., Luo, J., & Minjuan, Z. (2015). Welfare impacts of microcredit programmes: An empirical investigation in the state-designated poor counties of Shaanxi, China. Journal of International Development, 27, 1012-1026. doi: 10.1002/jid.302010.1002/jid.3020 Search in Google Scholar

Sample, B. (2011). Moving 100 million families out of severe poverty: How can we do it? Auxiliary Session paper presented at The 2011 Global Microcredit Summit. Valladolid, Spain: Global Microcredit summit. Retrieved from http://www.microcreditsummit.org/resource/19/moving-100-million-families-out.html Search in Google Scholar

Săvescu, R. F. (2010). Microfinance and its role in economic development. Review of Management & Economic Engineering, 9(3), 51-63. Retrieved from: http://www.rmee.org/37engleza.htm Search in Google Scholar

Sengupta, R., & Aubuchon, C. P. (2008). The microfinance revolution: An overview. Federal Reserve Bank of St. Louis Review, 90(1), 9-30. doi: 10.20955/r.90.9-3010.20955/r.90.9-30 Search in Google Scholar

Shakya, Y. B., & Rankin, K. N. (2008). The politics of subversion in development practice: An exploration of microfinance in Nepal and Vietnam. The Journal of Development Studies, 44(8), 1214-1235. doi: 10.1080/0022038080224246110.1080/00220380802242461 Search in Google Scholar

Taiwo, J. N., Yewande, O. A., Edwin, A. M., & Benson, K. N. (2016). The role of microfinance institutions in financing small businesses. Journal of Internet Banking and Commerce, 21(1), 1-20. Retrieved from: http://www.icommercecentral.com/open-access/the-role-of-microfinance-institutions-in-financing-small-businesses.php?aid=70480 Search in Google Scholar

United Nations. (2015). Sustainable Development Goals to kick in with start of new year. Retrieved from http://www.un.org/apps/news/story.asp?NewsID=52922#.WDSLrFyE03f Search in Google Scholar