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Social Networks in Ghana 31
Udry, Christopher R.; Conley, Timothy G..
In this chapter we examine social networks among farmers in a developing country. We use detailed data on economic activities and social interactions between people living in four study villages in Ghana. It is clear that economic development in this region is being shaped by the networks of information, capital and influence that permeate these communities. This chapter explores the determinants of these important economic networks. We first describe the patterns of information, capital, labor and land transaction connections that are apparent in these villages. We then discuss the interconnections between the various economic networks. We relate the functional economic networks to more fundamental social relationships between people in a reduced form...
Tipo: Working or Discussion Paper Palavras-chave: Endogenous networks; Informal credit; Social learning; Institutional and Behavioral Economics; O12; D85.
Ano: 2004 URL: http://purl.umn.edu/28488
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Farmers’ Choice and Informal Credit Markets in China 31
Yuan, Yan; Hu, Youxin; Gao, Ping.
Informal credit markets are very active in many developing countries including China. Informal financial associations have become a major channel of borrowing. Using data from the 2006 Rural Household Survey, this paper investigates farmers’ borrowings from both formal and informal sources with higher/lower interest, by looking into both demand and supply of loan. Consistent with the theory and previous studies, age follows an inverted U-shaped pattern in its relationship with the probability of borrowing from informal loan with higher interest. Our study shows that the impact of age disappears for the formal loan participation. In addition, high income and saving imply lower credit constraints. Moreover, household and county characteristics and financial...
Tipo: Conference Paper or Presentation Palavras-chave: Informal credit; Financial constraints; China; Agricultural Finance; Community/Rural/Urban Development; International Development; Q12; C5; G21.
Ano: 2011 URL: http://purl.umn.edu/103887
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