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2018 | 11 | nr 3 | 333--344
Tytuł artykułu

Does Governmental Microcrediting Benefit Child Labour in the Poorest Regions? : New Evidence from a Transitional Economy

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This paper contributes to the literature by examining, for the first time, the influence of credit access on child labour in the poorest regions of Vietnam. Two crucial empirical problems in the linkage between microfinancing and children's labour are considered here - the sample selection bias and the endogeneity of microcrediting. Using a combination of the instrumental variable method and the Heckman approach to overcome these problems, the finding is that access to credit decreases the child labour rate. However, when both parametric and nonparametric methods are used, our results show that access to credit only decreases the probability of child labour for households with income per capita greater than 812 thousand VND (approximately 40 USD as of the 2012 rate). These findings imply that policies for relaxation of credit constraints for households may not be effective unless accompanied by the strategies to help households overcome the minimum threshold of income. (original abstract)
Rocznik
Tom
11
Numer
Strony
333--344
Opis fizyczny
Twórcy
  • Academy of Finance, Hanoi, Vietnam
autor
  • Academy of Finance, Hanoi, Vietnam
Bibliografia
  • Aghion, B. A. d., & Morduch, J. (2004). The economics of microfinance. MIT press Cambridge, Massachusetts. Retrieved from http://www.fgda.org/dati/ContentManager/files/Documenti_microfinanza/Economics-of-Microfinance.pdf
  • Beegle, K., Dehejia, R., & Gatti, R. (2009). Why should we care about child labor? The education, labor market, and health consequences of child labor. Journal of Human Resources, 44(4), 871-889.
  • Chakrabarty, S. (2015). A nexus between child labour and microfinance: an empirical investigation. Economic Papers: A journal of applied economics and policy, 34(1-2), 76-91.
  • Coleman, B. E. (2006). Microfinance in Northeast Thailand: Who benefits and how much? World development, 34(9), 1612-1638.
  • Cuong, N. V. (2008). Is a governmental microcredit program for the poor really pro-poor? Evidence from Vietnam. The Developing Economies, 46(2), 151-187.
  • De Brauw, A., & Harigaya, T. (2007). Seasonal migration and improving living standards in Vietnam. American Journal of Agricultural Economics, 89(2), 430-447.
  • Dinh, C., Nguyen, C., & Pham, P. (2014). Does Microcredit Have an Impact on Children? Evidences from Vietnam. Retrieved from https://mpra.ub.uni-muenchen.de/71092/
  • Doan, T., Gibson, J., & Holmes, M. (2014). Household credit for the poor and child schooling in peri-urban Vietnam. International Development Planning Review, 36(4), 455-474.
  • Ersado, L. (2005). Child labor and schooling decisions in urban and rural areas: comparative evidence from Nepal, Peru, and Zimbabwe. World development, 33(3), 455-480.
  • Hazarika, G., & Sarangi, S. (2008). Household access to microcredit and child work in rural Malawi. World Development, 36(5), 843-859.
  • Jacoby, H. G., & Skoufias, E. (1997). Risk, financial markets, and human capital in a developing country. The Review of Economic Studies, 64(3), 311-335.
  • Kajisa, K. (2007). Personal networks and nonagricultural employment: The case of a farming village in the Philippines. Economic Development and Cultural Change, 55(4), 669-707.
  • Lewbel, A. (2012). Using heteroscedasticity to identify and estimate mismeasured and endogenous regressor models. Journal of Business & Economic Statistics.
  • Littlefield, E., Morduch, J., & Hashemi, S. (2003). Is microfinance an effective strategy to reach the Millennium Development Goals? Focus note, 24(2003), 1-11.
  • McKenzie, D., & Rapoport, H. (2007). Network effects and the dynamics of migration and inequality: theory and evidence from Mexico. Journal of development Economics, 84(1), 1-24.
  • Morduch, J. (2000). The microfinance schism. World development, 28(4), 617-629.
  • Nghiem, S., Coelli, T., & Rao, P. (2012). Assessing the welfare effects of microfinance in Vietnam: Empirical results from a quasi-experimental survey. Journal of Development studies, 48(5), 619-632.
  • Pitt, M. M., & Khandker, S. R. (1998). The impact of group-based credit programs on poor households in Bangladesh: Does the gender of participants matter? Journal of political economy, 106(5), 958-996.
  • Quach, M., Mullineux, A., & Murinde, V. (2005). Access to credit and household poverty reduction in rural vietnam: a cross-sectional study. The Birmingham Business School, The University of Birmingham Edgbaston.
  • Ranjan, P. (2001). Credit constraints and the phenomenon of child labor. Journal of development economics, 64(1), 81-102.
  • Stampini, M., & Davis, B. (2009). Does nonagricultural labor relax farmers' credit constraints? Evidence from longitudinal data for Vietnam. Agricultural economics, 40(2), 177-188.
  • United Nations Population Fund., 2006. Family planning and poverty reduction: benefits for families and nations: The United Nations Population Fund.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171528274

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