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Unformatted text preview: Burgess & Pande (2003) Credit and Microﬁnance However, there have been limited evaluations of such programs 6.2 Burgess & Pande (2003) Do Rural Banks Matter?: Evidence from the Indian Social Banking Experiment
structural change – decline of agriculture as the dominating sector
key area of research in economic history, development economics and
big area of work in 1950s, 1960s and 1970s
– positive correlation with economic growth
– positive correlation with rising living standards
. . . but most of the work is descriptive limited understanding of what drives structural change particularly at the
the paper exploits the social banking experiment in India to examine this
does state-led expansion of access to commercial banks in rural areas lead
to structural change and economic growth
does improved access to banks enable households to transform production
– reexamine old set of ideas due to Gerschenkron (1962) and others – social
banking experiment in India motivated by the idea that lack of access to
bank was an impediment to modernisation and industrialisation in rural
Idea that ﬁnancial development may be a pre-requisite for economic development inﬂuential in post-war Indian governments Development Economics, LSE Summer School 2007 115 ...
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This note was uploaded on 12/29/2011 for the course ECO 307 taught by Professor Dublin during the Spring '10 term at SUNY Stony Brook.
- Spring '10