Six randomized evaluations of microcredit: Introduction and further steps

Abhijit Banerjee, Dean Karlan, Jonathan Zinman

Research output: Contribution to journalArticlepeer-review

259 Scopus citations

Abstract

Causal evidence on microcredit impacts informs theory, practice, and debates about its effectiveness as a development tool. The six randomized evaluations in this volume use a variety of sampling, data collection, experimental design, and econometric strategies to identify causal effects of expanded access to microcredit on borrowers and/or communities. These methods are deployed across an impressive range of locations-six countries on four continents, urban and rural areas-borrower characteristics, loan characteristics, and lender characteristics. Summarizing and interpreting results across studies, we note a consistent pattern of modestly positive, but not transformative, effects. We also discuss directions for future research.

Original languageEnglish (US)
Pages (from-to)1-21
Number of pages21
JournalAmerican Economic Journal: Applied Economics
Volume7
Issue number1
DOIs
StatePublished - 2015

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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