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Publications (2)
Working Paper
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– Evidence from Ghana’s Microfinance Sector
This paper examines the combined effect of interest rates and poverty levels of microfinance clients on loan size. Cross section data on 2,691 clients and non-clients households from Ghana is used to test the hypothesis of loan price inelasticity. Quantile regression and variants of least squares...
Working Paper
pdf
– Lessons for Transition Economies in Africa
To halt the deterioration of their national economy most African governments embarked on IMF and World Bank supported Structural Adjustment Programmes. These programmes have been criticised as neglecting social costs and promoting export-led growth in the context of unfavourable terms of trade. More...
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