File2-page128 - Burgess & Pande (2003) Credit and...

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Unformatted text preview: Burgess & Pande (2003) Credit and Microfinance 0.6 initialfinancialdevelopmentXyear 0.3 0 1961 1965 1969 1973 1977 1981 1985 1989 1993 1997 -0.3 -0.6 -0.9 year unbank FIGURE: District level analysis INITIAL FINANCIAL DEVELOPMENT AND BRANCH EXPANSION IN ALREADY BANKED LOCATIONS 14 12 10 8 6 4 2 0 1961 1963 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 number of branches opened in already banked locations Notes: This figure graphs the set of “Number of banked locations in 1961 Year” Interaction terms from a regression in which the dependent variable is the number of branches opened in already banked locations. The regression includes population, income and location controls, Development Economics, LSE Summer School 2007 125 ...
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