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Spatial analysis of the effect of microfinance on poverty and inequality in Ghana
Although microfinance is usually delivered with a spatial outlook, the literature is so far silent on the potential spatial effect of microfinance delivery. The aim of this study was, therefore, to examine the effect of microfinance intensity on spatial inequality and poverty in Ghana. Using the 6th...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Springer India
2022
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9558019/ https://www.ncbi.nlm.nih.gov/pubmed/36254236 http://dx.doi.org/10.1007/s40847-022-00210-3 |
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author | Oteng-Abayie, Eric Fosu Amanor, Kofi Osei-Fosu, Anthony Kofi |
author_facet | Oteng-Abayie, Eric Fosu Amanor, Kofi Osei-Fosu, Anthony Kofi |
author_sort | Oteng-Abayie, Eric Fosu |
collection | PubMed |
description | Although microfinance is usually delivered with a spatial outlook, the literature is so far silent on the potential spatial effect of microfinance delivery. The aim of this study was, therefore, to examine the effect of microfinance intensity on spatial inequality and poverty in Ghana. Using the 6th (2012/2013) and 7th (2016/2017) rounds of data from a national survey on living standards in Ghana, the study first examined the pattern of district-level poverty and inequality in Ghana and then adopted spatial econometric techniques to explore the spatial correlation between microfinance, inequality, and poverty. The results revealed that microfinance has a significant negative impact on spatial inequality and poverty in Ghana. The spatial effect of microfinance intensity on poverty and inequality is characterized by both direct and spillover effects on neighbours. It was identified that the outreach of microfinance drives within-district disparity, whereas the disparity in microfinance credit distribution powers between-district disparity. Additionally, while there is evidence of an indirect effect, the indirect effect diffuses monotonically as the number of neighbours increases. The study's findings advocate for a complementary approach to microfinance delivery, as well as the elimination of institutional barriers that limit access, availability, and operational delivery of microfinance services in order to achieve spatially optimal microfinance delivery. SUPPLEMENTARY INFORMATION: The online version contains supplementary material available at 10.1007/s40847-022-00210-3. |
format | Online Article Text |
id | pubmed-9558019 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | Springer India |
record_format | MEDLINE/PubMed |
spelling | pubmed-95580192022-10-13 Spatial analysis of the effect of microfinance on poverty and inequality in Ghana Oteng-Abayie, Eric Fosu Amanor, Kofi Osei-Fosu, Anthony Kofi J Soc Econ Dev Research Paper Although microfinance is usually delivered with a spatial outlook, the literature is so far silent on the potential spatial effect of microfinance delivery. The aim of this study was, therefore, to examine the effect of microfinance intensity on spatial inequality and poverty in Ghana. Using the 6th (2012/2013) and 7th (2016/2017) rounds of data from a national survey on living standards in Ghana, the study first examined the pattern of district-level poverty and inequality in Ghana and then adopted spatial econometric techniques to explore the spatial correlation between microfinance, inequality, and poverty. The results revealed that microfinance has a significant negative impact on spatial inequality and poverty in Ghana. The spatial effect of microfinance intensity on poverty and inequality is characterized by both direct and spillover effects on neighbours. It was identified that the outreach of microfinance drives within-district disparity, whereas the disparity in microfinance credit distribution powers between-district disparity. Additionally, while there is evidence of an indirect effect, the indirect effect diffuses monotonically as the number of neighbours increases. The study's findings advocate for a complementary approach to microfinance delivery, as well as the elimination of institutional barriers that limit access, availability, and operational delivery of microfinance services in order to achieve spatially optimal microfinance delivery. SUPPLEMENTARY INFORMATION: The online version contains supplementary material available at 10.1007/s40847-022-00210-3. Springer India 2022-10-13 2023 /pmc/articles/PMC9558019/ /pubmed/36254236 http://dx.doi.org/10.1007/s40847-022-00210-3 Text en © The Author(s), under exclusive licence to Institute for Social and Economic Change 2022. Springer Nature or its licensor holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic. |
spellingShingle | Research Paper Oteng-Abayie, Eric Fosu Amanor, Kofi Osei-Fosu, Anthony Kofi Spatial analysis of the effect of microfinance on poverty and inequality in Ghana |
title | Spatial analysis of the effect of microfinance on poverty and inequality in Ghana |
title_full | Spatial analysis of the effect of microfinance on poverty and inequality in Ghana |
title_fullStr | Spatial analysis of the effect of microfinance on poverty and inequality in Ghana |
title_full_unstemmed | Spatial analysis of the effect of microfinance on poverty and inequality in Ghana |
title_short | Spatial analysis of the effect of microfinance on poverty and inequality in Ghana |
title_sort | spatial analysis of the effect of microfinance on poverty and inequality in ghana |
topic | Research Paper |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9558019/ https://www.ncbi.nlm.nih.gov/pubmed/36254236 http://dx.doi.org/10.1007/s40847-022-00210-3 |
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