Arbeitspapier
Debt, poverty and resource management in a rural smallholder economy
This paper explores the link between poverty and resource allocation, including the management of natural resources, by chronically indebted rural smallholders in developing countries. The paper proposes a formal intertemporal model of a credit constrained farm household that can invest in wealth accumulation to relieve its long run indebtedness or conserve resources. The household must decide on an optimal combination of investments in the two forms of capital, given their savings capacity, indebtedness and costs of obtaining credit. The evolution of the natural resource base is closely dependent on the investment strategy followed by the household. The model is also used to analyse how policy-related variables may affect the household's investment strategy and, consequently, resource management and household poverty: (i) Changes in output and input prices, and (ii) changes in the liquidity available in rural credit markets.
- Sprache
-
Englisch
- Erschienen in
-
Series: Nota di Lavoro ; No. 87.1998
- Klassifikation
-
Wirtschaft
- Thema
-
Debt
Developing country
Intertemporal model
Poverty
Pricing policies
Resource management
Rural credit
Rural households
Smallholders
Wealth accumulation
Rohstoffpolitik
Kleinbäuerliche Landwirtschaft
Armut
Schulden
Agrarkredit
Intertemporale Allokation
Investitionsentscheidung
Theorie
Entwicklungsländer
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Barbier, Edward B.
López, Ramón
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
1998
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Barbier, Edward B.
- López, Ramón
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 1998
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