Income and employment effects of micro‐credit programmes: Village‐level evidence from Bangladesh
研究了孟加拉国三个主要小额信贷项目对村庄收入、生产和就业的影响，发现它们促进了农村非农部门增长，但自雇增长以牺牲工资就业为代价，导致农村工资上升。
Micro‐credit programmes, having made their mark in providing credit and other development services to the poor in a non‐traditional way, are able to make significant changes in a rural economy. This article attempts to quantify the village‐level impacts of the three most important micro‐credit programmes of Bangladesh, namely Grameen Bank, Bangladesh Rural Advancement Committee (BRAC), and Bangladesh Rural Development Board's (BRDB) RD‐12 project. Descriptive and econometric analyses show that these programmes have positive impacts on income, production, and employment, particularly in the rural non‐farm sector. Also, growth in self‐employment has been achieved at the expense of wage employment, which implies an increase in rural wages. The article emphasises that an upward shift in the labour demand curve is required for both improved productivity and wage gains on a sustainable basis, which can only be supported through a structural transformation of the rural economy.