Effects of Microfinance on Poverty Reduction in Vietnam: A Pseudo-panel Data Analysis
Abstract
The development of microfinance in Vietnam since 1990s has coincided
with a remarkable progress in poverty reduction. Numerous descriptive
studies have illustrated that microfinance is an effective tool to eradicate
poverty in Vietnam but evidence from quantitative studies is mixed. This
study contributes to the literature by providing new evidence on the impact
of microfinance to poverty reduction in Vietnam using the repeated crosssectional
data from the Vietnam Living Standards Survey (VLSS) during
period 1992-2010. Our results show that micro-loans contribute
significantly to household consumption.The development of microfinance in Vietnam since 1990s has coincided
with a remarkable progress in poverty reduction. Numerous descriptive
studies have illustrated that microfinance is an effective tool to eradicate
poverty in Vietnam but evidence from quantitative studies is mixed. This
study contributes to the literature by providing new evidence on the impact
of microfinance to poverty reduction in Vietnam using the repeated crosssectional
data from the Vietnam Living Standards Survey (VLSS) during
period 1992-2010. Our results show that micro-loans contribute
significantly to household consumption.
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Journal Title
Journal of Accounting, Finance and Economics
Volume
4
Issue
2
Publisher URI
Subject
Welfare Economics