Papers by María Renée Guerra
Financial deepening through micro-financing is considered a panacea for development. Nevertheless... more Financial deepening through micro-financing is considered a panacea for development. Nevertheless, micro-financing could promote informal microenterprises and self-employment ventures, which may “crowd out” the operations of formal and sustainable small-medium enterprises that are widely seen as the optimal foundation for sustainable local economic development. Thus, what is the real socio-economic impact of micro-financing? Is employment or income lost as a result of the entry/expansion of microcredit-induced microenterprises and selfemployment ventures? What are the externalities of micro-financing? Is it really helpful in promoting inclusive growth? To answer these questions, the research will use census information, household surveys and data on regional financing in Bolivia to compare municipalities/households with access to financing (the treated population) with those municipalities/households that lack credit facilities, in order to estimate the impact of financing on growth...
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Papers by María Renée Guerra