Global microscope on the microfinance business environment 2012
Global microscope on the microfinance business environment 2012
Global microscope on the microfinance business environment 2012
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70<br />
Table 1<br />
© The Ec<strong>on</strong>omist Intelligence Unit Limited <strong>2012</strong><br />
<str<strong>on</strong>g>Global</str<strong>on</strong>g> <str<strong>on</strong>g>microscope</str<strong>on</strong>g> <strong>on</strong> <strong>the</strong> microfi nance <strong>business</strong> envir<strong>on</strong>ment <strong>2012</strong><br />
(1)<br />
VARIABLES Number of<br />
borrowers as<br />
% of<br />
populati<strong>on</strong><br />
Client Protecti<strong>on</strong>: Transparency<br />
in pricing<br />
Infl ati<strong>on</strong>, GDP defl ator<br />
(annual %)<br />
GDP growth<br />
(annual %)<br />
1.9637***<br />
[0.000]<br />
-0.1038<br />
[0.303]<br />
0.1663<br />
[0.370]<br />
Rule of law -1.6228*<br />
BANK OVERHEAD COSTS /<br />
TOTAL ASSETS<br />
Ease of doing <strong>business</strong> index<br />
(1=most <strong>business</strong>-friendly<br />
regulati<strong>on</strong>s)<br />
[0.081]<br />
-12.8061<br />
[0.298]<br />
-0.0204*<br />
[0.092]<br />
C<strong>on</strong>stant 1.3644<br />
[0.528]<br />
Observati<strong>on</strong>s 47<br />
R-squared 0.375<br />
p-values in brackets<br />
*** p