Segmentation in the Philippine Informal Credit Marktes: A Multinomial Logit Analysis
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
The paper explains the market segmentation that occurs in the Philippine informal credit markets through the matching of borrows and lenders by their occupational specialization which internalizes transaction costs and facilitates economic activity. The regression results support a predictable pattern of matching farmers lenders with borrowers specialization in non-farm activities and trader lenders with borrowers specialized in farming.