Are microfinance markets monopolistic?

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dc.contributor.author Kar, Ashim Kumar
dc.contributor.author Bali Swain, Ranjula
dc.date.accessioned 2019-01-23T22:38:51Z
dc.date.available 2022-07-23T02:45:21Z
dc.date.issued 2018
dc.identifier.citation Kar , A K & Bali Swain , R 2018 , ' Are microfinance markets monopolistic? ' , Applied Economics , vol. 50 , no. 1 , pp. 1-14 . https://doi.org/10.1080/00036846.2017.1310999
dc.identifier.other PURE: 94153146
dc.identifier.other PURE UUID: 4e42b69f-9d61-4af7-9d6d-5dd0c47fa19f
dc.identifier.other WOS: 000418735000001
dc.identifier.other Scopus: 85017441725
dc.identifier.other ORCID: /0000-0002-9323-4863/work/60865884
dc.identifier.uri http://hdl.handle.net/10138/298117
dc.description.abstract Do microfinance institutions (MFIs) operate in a monopoly, monopolistic competition environment or are their revenues derived under perfect competition markets? We employ the Panzar–Rosse revenue test on a global panel data to assess the competitive environment in which MFIs of five selected countries operate: Ecuador, India, Indonesia, Peru and Philippines, over the period 2005–2009. We estimate the static and the dynamic revenue tests, with analyses of the interest rate and the return on assets. We control for microfinance-specific variables such as capital assets-ratio, loans-assets and the size of the MFI. The analyses also account for the endogeneity problem by employing the fixed-effects two-stage least squares and the fixed-effects system generalized method of moments. Our results suggest that MFIs in Peru and India operate in a monopolistic environment. We also find weak evidence that the microfinance industry in Ecuador, Indonesia and Philippines may operate under perfect competition. en
dc.format.extent 14
dc.language.iso eng
dc.relation.ispartof Applied Economics
dc.rights.uri info:eu-repo/semantics/openAccess
dc.subject 511 Economics
dc.subject Microfinance
dc.subject competition
dc.subject market structure
dc.subject dynamic panel data estimation
dc.subject GMM Estimation
dc.subject Panzar–Rosse revenue tests
dc.title Are microfinance markets monopolistic? en
dc.type Article
dc.contributor.organization Helsinki Centre of Economic Research (HECER), alayksikkö 2013-2021
dc.contributor.organization Department of Political and Economic Studies (2010-2017)
dc.description.reviewstatus Peer reviewed
dc.relation.doi https://doi.org/10.1080/00036846.2017.1310999
dc.relation.issn 0003-6846
dc.rights.accesslevel openAccess
dc.type.version acceptedVersion
dc.relation.funder
dc.relation.grantnumber 260894

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