The Elasticity of Demand for Microcredit: Evidence from Latin America

被引：13
作者：
Bogan, Vicki L. [1 ]
Turvey, Calum G. [1 ]
Salazar, Gabriela [1 ]
机构：
[1] Cornell Univ, Charles H Dyson Sch Appl Econ & Management, Ithaca, NY 14853 USA
来源：
DEVELOPMENT POLICY REVIEW | 2015年 / 33卷 / 06期
关键词：
Microcredit; Demand elasticity; INTEREST-RATES MATTER; CREDIT MARKETS; MICROFINANCE; CONSTRAINTS; VALUATION; BEHAVIOR; ACCESS;
D O I：
10.1111/dpr.12131
中图分类号：
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号：
0201 ; 020105 ; 03 ; 0303 ;
摘要：
Microcredit demand is frequently assumed to be inelastic, yet understanding the price elasticity of demand for microcredit is highly relevant in designing appropriate microfinance institution (MFI) financial products and policy. This article extracts loan demand schedules and elasticities of MFI borrowers in the Dominican Republic using a unique survey instrument. We analyse the intensive margin of microcredit demand and find that client demand elasticities are not homogeneous and are correlated with certain borrower characteristics. Overall results suggest that these micro-entrepreneurs, who have already entered the MFI market, have close to unit elastic demand for microcredit. The mean demand elasticity for our sample is -1.0.
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收藏
页码：725 / 757
页数：33
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