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Replication data for: The Impact of Credit on Village Economies

Resource Type
  • Kaboski, Joseph P.
  • Townsend, Robert M.
Publication Date
  • Abstract

    This paper evaluates the short- and longer term impact of Thailand's "Million Baht Village Fund" program, among the largest scale government microfinance iniatives in the world, using pre- and post-program panel data and quasi-experimental cross-village variation in credit per household. We find that the village funds have increased total short-term credit, consumption, agricultural investment, and income growth (from business and labor), but decreased overall asset growth. We also find a positive impact on wages, an important general equilibrium effect. The findings are broadly consistent qualitatively with models of credit-constrained household behavior and models of intermediation and growth. (JEL D14, G21, O12, O16, O18)
  • Is supplement to
    DOI: 10.1257/app.4.2.98 (Text)
  • Kaboski, Joseph P, and Robert M Townsend. “The Impact of Credit on Village Economies.” American Economic Journal: Applied Economics 4, no. 2 (April 2012): 98–133.
    • ID: 10.1257/app.4.2.98 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

Kaboski, Joseph P.; Townsend, Robert M. (2012): Replication data for: The Impact of Credit on Village Economies. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.