Membership Size and Funds Mobilization Among Informal Financial Groups in Rural Zaire: A Club Theory Approach
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Publisher:Ohio State University. Department of Agricultural, Environmental, and Development Economics
Series/Report no.:Ohio State University. Department of Agricultural Economics and Rural Sociology. ESO (Economics and Sociology Occasional Paper). No. 1812
A formal model of informal financial groups is developed. A system of equations is estimated by a two stage method to evaluate key characteristics of the organizational form of informal financial groups in Zaire. Income, transaction costs, and gender ratio were found to be some of the significant explanatory variables.