G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10103
DP10103 Self-Selection into Credit Markets: Evidence from Agriculture in Mali
Christopher Udry; Dean Karlan; Lori Beaman
发表日期2014-08-10
出版年2014
语种英语
摘要We partnered with a micro-lender in Mali to randomize credit offers at the village level. Then, in no-loan control villages, we gave cash grants to randomly selected households. These grants led to higher agricultural investments and profits, thus showing that liquidity constraints bind with respect to agricultural investment. In loan-villages, we gave grants to a random subset of farmers who (endogenously) did not borrow. These farmers have lower ? in fact zero ? marginal returns to the grants. Thus we find important heterogeneity in returns to investment and strong evidence that farmers with higher marginal returns to investment self-select into lending programs.
主题Development Economics ; Financial Economics
关键词Credit markets agriculture Returns to capital
URLhttps://cepr.org/publications/dp10103
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/538936
推荐引用方式
GB/T 7714
Christopher Udry,Dean Karlan,Lori Beaman. DP10103 Self-Selection into Credit Markets: Evidence from Agriculture in Mali. 2014.
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