PhD theses

All Wageningen University PhD theses

  • external user (warningwarning)
  • Log in as
  • language uk
  • About

    Wageningen PhD theses


    This database contains bibliographic descriptions of all Wageningen University PhD theses from 1920 onwards. It is updated on a daily basis by WUR Library.

    Author abstracts and/or summaries are added to all descriptions. A link to the full text dissertation is added to the bibliographic description. In a few cases, no electronic version is available, mostly because of copyright issues.

    Hard copies of all theses are available for loan at WUR Library. To request them, click the link Request this publication in the full record presentation. This is a fee based service.

    mail icon WUR Library, 9 july 2012

     

Record number 1974009
Title Credit constraints in rural financial markets in Chile: determinants and consequences
show extra info.
Alvaro Reyes Duarte
Author(s) Reyes Duarte, A.
Publisher [S.l. : s.n.]
Publication year 2011
Description XIII, 185 p ill
Notes Proefschrift Wageningenshow all notes
Met lit. opg. - Met samenvatting in het Engels en Nederlands
ISBN 9789461730398
Tutors Kuyvenhoven, Prof. Dr. A. ; Lensink, Prof. Dr. B.W. ; Moll, Dr. Ir. H.A.J.
Graduation date 2011-11-15
Dissertation no. 5121
Author abstract show abstract

Using data from two surveys carried out in 2006 and 2008 on 177 farmers in Chile, this study measures access to credit and empirically determine the effects of credit constraints on investment and production for market-oriented farmers in central Chile. More specifically, four issues are dealt with: (1) to identify the main factors that influence access to credit for market-oriented farmers, (2) to determine whether informal financial institutions act as complements to or substitutes for farmers’ strategies for funding, (3) to determine the effect of credit constraint by formal financial institutions on farm productivity, and (4) to identify the factors limiting investment in farms.

In approaching these objectives two innovative methods are used throughout. First, qualitative information collected in interviews is used to identify three categories of credit constraints from both the demand and supply side of the credit market, namely, quantity, risk, and transaction-cost constraints. Second, a panel-data structure is used in all econometric analysis in this study, which allows us to obtain estimators that are more efficient than those based on cross-sectional analysis only.

Results show that 16.4% and 13.6% of the sample felt credit constrained in 2006 and 2008, respectively, with most farmers being quantity rationed (10.7% and 9.6%, respectively). A much lower share of farmers is constrained by risk (2.8% and 3.4%, respectively) and transaction cost (2.8% and 0.6%, respectively). Despite of its low level, credit constraint status has a significant effect on investment decision. In contrast, credit constraints do not have an impact on farm productivity. These outcomes reveals long term market imperfections, most probably because the only providers of long-term credit are commercial banks for whom long-term lending is considerable risky.

  

Online full textINTERNET
On paper Get the document, find related information or use other SFX services
Keyword(s) development economics / rural development / farmers / credit / agricultural credit / access / financial institutions / agricultural financial policy / informal sector / market economies / vegetable growing / fruit growing / chile / south america
Categories Rural Development
Publication type PhD thesis
Language English
Comments
There are no comments yet. You can post the first one!
Post a comment
 

To support researchers to publish their research Open Access, deals have been negotiated with various publishers. Depending on the deal, a discount is provided for the author on the Article Processing Charges that need to be paid by the author to publish an article Open Access. A discount of 100% means that (after approval) the author does not have to pay Article Processing Charges.

For the approval of an Open Access deal for an article, the corresponding author of this article must be affiliated with Wageningen University & Research.

Please log in to use this service. Login as Wageningen University & Research user or guest user in upper right hand corner of this page.