Effects of Credit Constraint on Productivity and Rural Household Income in China
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
Chinese rural household has been always facing credit constraints. Few institutions lend loans to farmers because of financial risks. Farmers have to use usury or other informal sources to meet the financial needs for production. This credit constraint has been forcing farmers to deviate from optimal resource allocation and production arrangement. Consequently, it affects farmers’ income growth. Therefore, the objective of this study is to examine how credit constraint affects agricultural productivity and rural household income and discuss some consequent policy implications.