| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10103 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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