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| Subbotin, Alexander. |
| The Russian establishment- politicians, agricultural officials, corporate farm managers, the media- firmly believe that inadequate access to credit is one of the major factors constraining the growth of the agricultural sector. In technical terms, they in effect claim that Russian agriculture faces credit rationing. In this article, we apply discrete regression analysis to study the determinants of access to credit for corporate farms, without addressing the issue of whether or not the actual borrowing is sufficient for the farms' needs. Our analysis shows that factors reflecting economic efficiency are the main determinants of access to credit. On the other hand, asset endowments, such as land and capital stock, have a very weak effect on the ability to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Russian agriculture; Transition economics; Farm finance; Credit rationing; Logistic regression; Agricultural Finance; P340; Q140. |
| Ano: 2005 |
URL: http://purl.umn.edu/24514 |
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| Zinych, Nataliya; Odening, Martin; Huettel, Silke. |
| This paper addresses the question of financial constraints in Ukrainian agriculture in transition. The main objective is to reveal the evidence of the both phenomena, soft budget constraints and credit rationing, investigating investment behaviour of large farms in Ukraine. Our empirical analysis is based on unbalanced panel data containing 529 agricultural enterprises from three Ukrainian regions between 2001 and 2005. Estimates of the Euler investment equation for several sub-samples reveal a dissimilar level of financial constraints. We confirm the presence of the soft financial environment (soft budget constraints) for the Ukrainian large farms being in an unconstrained financial regime. The farms belong to this regime if they receive credits after... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Transition agriculture; Investment; Soft budget constraints; Credit rationing; Ukraine; Agricultural Finance. |
| Ano: 2007 |
URL: http://purl.umn.edu/7834 |
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| Petrick, Martin. |
| The objective of this paper is to empirically detect credit rationing of Polish farms. Based on cross-sectional survey data and motivated by a microeconomic farm household model, this effort is pursued by a methodology consisting of three interrelated steps. These steps include the analysis of qualitative survey data regarding farmers' experience with bank credit, based on this an econometric estimation of internal shadow prices of credit for the credit constrained sub-sample of respondents, and finally an investigation of interdependencies between determinants of consumption and production that should be influenced by the presence of a binding credit constraint. The results of the empirical analysis consistently suggest that among the observed randomly... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agriculture credit; Credit rationing; Interest subsidy; Microeconometrics; Poland; Agricultural Finance. |
| Ano: 2002 |
URL: http://purl.umn.edu/24951 |
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| Petrick, Martin. |
| Empirical analysis of rural credit market failure has been of key scientific and political interest in recent years. The aim of this paper is to give an overview of various methods for measuring credit rationing of farms employed in the literature. Furthermore, based on a common analytical framework entailing a formal model of a credit rationed farm household, the methods are subjected to a comparative evaluation of their specific strengths or shortcomings. Six approaches are distinguished: measurement of loan transaction costs, analysis of qualitative information collected in interviews, analysis of quantitative information collected in interviews by using the credit limit concept, analysis of spill-over effects with regard to secondary credit sources,... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural finance; Credit rationing; Quantitative analysis; Micro-econometrics; Agricultural Finance; Q12; Q14. |
| Ano: 2003 |
URL: http://purl.umn.edu/14926 |
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