Does microfinance cause banking sector development and economic growth? An application to Mongolia

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F23%3A97758" target="_blank" >RIV/60460709:41110/23:97758 - isvavai.cz</a>

Výsledek na webu

<a href="https://research.wur.nl/en/publications/does-microfinance-cause-banking-sector-development-and-economic-g" target="_blank" >https://research.wur.nl/en/publications/does-microfinance-cause-banking-sector-development-and-economic-g</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.4337/9781789903874.00031" target="_blank" >10.4337/9781789903874.00031</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Does microfinance cause banking sector development and economic growth? An application to Mongolia

Popis výsledku v původním jazyce

This study analyzes the long- and short-run relationships between microfinance sector development, bank-based financial sector development, and economic well-being in Mongolia using a secondary dataset covering 40 quarters between 2006q4 and 2016q3. We construct a separate index for banking sector development and for microfinance sector development, and use the growth rate of quarterly GDP per capita as a proxy for economic well-being. A cointegration analysis, based on the autoregressive distributed lag (ARDL) bounds testing approach, indicates that there is at least one cointegrating relation among microfinance development, banking sector development, and economic growth in Mongolia. The study also suggests that there is a bidirectional relationship between the microfinance and banking sectors in the short run. However, in the long run there is an unidirectional positive causal relationship from microfinance to the banking sector. The microfinance sector thus has become an integral part of the bank-based financial sector of Mongolia. However, neither microfinance development, nor banking sector development, appear to contribute to economic growth in Mongolia.

Název v anglickém jazyce

Does microfinance cause banking sector development and economic growth? An application to Mongolia

Popis výsledku anglicky

This study analyzes the long- and short-run relationships between microfinance sector development, bank-based financial sector development, and economic well-being in Mongolia using a secondary dataset covering 40 quarters between 2006q4 and 2016q3. We construct a separate index for banking sector development and for microfinance sector development, and use the growth rate of quarterly GDP per capita as a proxy for economic well-being. A cointegration analysis, based on the autoregressive distributed lag (ARDL) bounds testing approach, indicates that there is at least one cointegrating relation among microfinance development, banking sector development, and economic growth in Mongolia. The study also suggests that there is a bidirectional relationship between the microfinance and banking sectors in the short run. However, in the long run there is an unidirectional positive causal relationship from microfinance to the banking sector. The microfinance sector thus has become an integral part of the bank-based financial sector of Mongolia. However, neither microfinance development, nor banking sector development, appear to contribute to economic growth in Mongolia.

Druh

C - Kapitola v odborné knize

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název knihy nebo sborníku

Handbook of Microfinance, Financial Inclusion and Development

ISBN

9781789903867

Počet stran výsledku

23

Strana od-do

425-448

Počet stran knihy

24

Název nakladatele

Edward Elgar

Místo vydání

Cheltenham

Kód UT WoS kapitoly

—