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Full-Text Articles in Social and Behavioral Sciences
Are Credit Unions In Ecuador Achieving Economies Of Scale?, Nick A. Marchio
Are Credit Unions In Ecuador Achieving Economies Of Scale?, Nick A. Marchio
Economics Honors Projects
This study tests the assertion that membership growth in credit unions is constrained by their unique structural features, such as their non-profit mission and member-based ownership. Although these features enhance inclusiveness, existing theory suggest that they work against efficiency when membership grows too diffuse. To address this issue, this study uses a model that takes into account existing theory on constrained-optimization in credit unions and theory on the adverse effects of diffuse ownership. Using data on 36 public credit unions in Ecuador, the empirical analysis finds evidence that credit unions can achieve economies of scale despite their problematic structural features. …
The Problem With Eating Money: Remittances And Development Within Senegal's Muridiyya, Rebecca F. Sheff
The Problem With Eating Money: Remittances And Development Within Senegal's Muridiyya, Rebecca F. Sheff
Political Science Honors Projects
Contemporary development theory is poorly equipped to understand remittance-based development occurring in transnational spaces that partially escape the control of the state. An extended case study of the Muridiyya, a Sufi brotherhood in Senegal, reveals how collective remittances from Mouride transmigrants become tools for community-level development when channeled through transnational religious associations. I argue that remittance-based development projects transform the political, economic, and social contexts in which they are embedded, including the relationship between the Muridiyya and the state. Development theory must be reconceptualized to account for how remittance-based development defies conventional understandings of the scales of economic and social …