Construct Validity and the Experimental Microfinance Literature
There is an ongoing debate on the impact of microfinance. While the first
randomized controlled trials find either underwhelming or weakly positive
evidence, the more recent experimental work on microfinance shows that tweaks
of the standard model may lead to different conclusions.
As with many interventions, the design space of a microfinance program is
highly dimensional. Not only the different components of the intervention, but
also who implemented it, may matter for the observed impact. In this study, we
will map the design space of a microfinance intervention and look into how
robust the results are across variations of the design space.
The aim of our study is twofold. First, we will provide a comprehensive
overview of the microfinance literature by conducting a deep literature review
and an expert survey with the authors of these studies. Second, using the
microfinance literature as an example, we will demonstrate the importance of
construct validity, and how variations of the design space may influence the
results obtained. This study fits within the broader debate about how we use
evidence generated by RCTs to draw conclusions about what works in a real-world
setting.
Publikationen
Projektstart:
01. Januar 2021
Projektende:
30. Juni 2024
Projektmitarbeitende:
Lise Masselus,
Christina Petrik, Prof. Dr. Jörg Ankel-Peters