|
|
|
|
|
| Turvey, Calum G.; Kong, Rong. |
| To reduce vulnerability and food insecurity this paper investigates the economics of micro-credit. We provide a model that shows how a micro-credit market based on trust can co-exist with a commercial collateral-based market. This model is developed in detail and certain propositions are supported using dominant strategies in a trust-honour game based on the prisoners dilemma. From a policy point of view the theoretical model indicates that trust-based lending, coupled with certain incentives, can go far in supporting growth opportunities in developing countries. It is argued that development policy should be flexible enough to permit trust-based micro-lending to the poor, regardless of how counter-intuitive this must appear to the conventional wisdom. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Financial Economics. |
| Ano: 2007 |
URL: http://purl.umn.edu/9929 |
| |
|
| |
|
| |
|
|
| Khantachavana, Sivalai V.; Turvey, Calum G.; Kong, Rong. |
| The purpose of this paper is to provide a specific test of Boucher, Carter et al. (2008) framework on risk rationing. The data were collected through a survey of 730 farm households in Shaanxi province conducted in November 2010. We compare factor associated with risk rationed, quantity rationed and price rationed farmers. Seemingly unrelated regressions are performed using risk rationing, quantity rationing and price rationing measure as the dependent variable and measures of demography, wealth, income, year of farming and risk aversion as independent variables. We apply seemingly unrelated regression, cluster analysis and cross tabulation in the study. According to a seemingly unrelated regression, we find existing risk rationing is due to risk-based... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk rationing; Credit market; China; Marketing; Risk and Uncertainty. |
| Ano: 2011 |
URL: http://purl.umn.edu/104021 |
| |
|
| |
|
|
|
