Finance-growth nexus and banking efficiency: The impact of microfinance institutions

被引：18

作者：

Abrar, Afsheen ^{[1
,5
]}

Hasan, Iftekhar ^{[2
,3
,4
]}

Kabir, Rezaul ^{[1
]}

机构：

[1] Univ Twente, Enschede, Netherlands

[2] Fordham Univ, Bronx, NY 10458 USA

[3] Bank Finland, Helsinki, Finland

[4] Univ Sydney, Sydney, NSW, Australia

[5] Natl Univ Modern Languages, Islamabad, Pakistan

来源：

JOURNAL OF ECONOMICS AND BUSINESS | 2021年 / 114卷

关键词：

Microfinance institutions; Commercial banks; Financial development; Economic growth; Income inequality; Poverty; Efficiency; POVERTY REDUCTION; ECONOMIC-GROWTH; SCALE ECONOMIES; MARKET; PERFORMANCE; INEQUALITY; INFLATION; MODELS;

D O I：

10.1016/j.jeconbus.2020.105975

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper investigates the relative importance of microfinance institutions (MFIs) at both the macro (financial development, economic growth, income inequality, and poverty) and micro levels (efficiency of traditional commercial banks). We observe a significant impact on most of the fronts. MFIs' participation increases overall savings (total bank deposits) and credit allocation (loans to private sector) in the economy. Their involvement enhances economic welfare by reducing income inequality and poverty. Additionally, their active presence helps to discipline the traditional commercial banks by subjecting them to more competition triggering higher efficiency.

引用

页数：19

共 68 条

[11] Finance, inequality and the poor [J].