File2-page128 - Burgess Pande(2003 Credit and Micronance...

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Burgess & Pande (2003) Credit and Microfinance -0.9 -0.6 -0.3 0 0.3 0.6 1961 1965 1969 1973 1977 1981 1985 1989 1993 1997 year initialfinancialdevelopmentXyear unbank FIGURE: District level analysis INITIAL FINANCIAL DEVELOPMENT AND BRANCH EXPANSION IN ALREADY BANKED LOCATIONS 0 2 4 6 8 10 12 14 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
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