Till debt does us apart: Cross-country evidence on the relationship between microfinance prevalence and social distrust
Yükleniyor...
Dosyalar
Tarih
2023
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Public Library Science
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Economic interventions have social consequences. In this paper, we explore one such relationship, between microfinance intensity and social distrust levels reported by the low-income people. We find a significant association between microfinance intensity in a country and distrust among the poor as well as ultra-poor in cross-section using World Values Survey & European Values Survey (WVS-EVS) Wave 7 (2017-2022). We supplement these findings using empirical Bayes on a panel extending back from 7th to the 4th WVS wave (1999-2004). To deal with potential endogeneity, we run 2SLS as well as weak instruments-robust conditional instrumental variable tests and find evidence showing microfinance prevalence intensity affects distrust levels among the poor and ultra-poor households. We find no association between microfinance and distrust levels in the rich in any of the tests, potentially because the rich are not exposed to microfinance.
Açıklama
Anahtar Kelimeler
Empırıcal Bayes, Joınt Liability, Performance, Trust, Institutions, Inequality, Outreach, Credit
Kaynak
PLoS ONE
WoS Q Değeri
Q2
Scopus Q Değeri
Q1
Cilt
18
Sayı
3
Künye
Masood, S. M. U., Özcan, R. ve Khan, A. I. (2023). Till debt does us apart: Cross-country evidence on the relationship between microfinance prevalence and social distrust. PLoS ONE, 18(3), 1-20. https://doi.org/10.1371/journal.pone.0282072
