Replication data for: The Impact of Credit on Village Economies
- Kaboski, Joseph P.
- Townsend, Robert M.
AbstractThis 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. https://doi.org/10.1257/app.4.2.98.
- ID: 10.1257/app.4.2.98 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07