Arbeitspapier
Self-selection into credit markets: Evidence from agriculture in Mali
We partnered with a micro-lender in Mali to randomize credit offers at the village level. Then, in no-loan control villages, we gave cash grants to randomly selected households. These grants led to higher agricultural investments and profits, thus showing that liquidity constraints bind with respect to agricultural investment. In loan-villages, we gave grants to a random subset of farmers who (endogenously) did not borrow. These farmers have lower - in fact zero - marginal returns to the grants. Thus we find important heterogeneity in returns to investment and strong evidence that farmers with higher marginal returns to investment self-select into lending programs.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economic Growth Center Discussion Paper ; No. 1042
- Klassifikation
-
Wirtschaft
Firm Behavior: Theory
Microeconomic Analyses of Economic Development
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
Agricultural Finance
- Thema
-
credit markets
agriculture
returns to capital
Agrarkredit
Mikrofinanzierung
Kleinbauern
Investitionsentscheidung
Gewinn
Liquiditätsbeschränkung
Landwirtschaft
Mali
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Beaman, Lori
Karlan, Dean
Thuysbaert, Bram
Udry, Christopher
- Ereignis
-
Veröffentlichung
- (wer)
-
Yale University, Economic Growth Center
- (wo)
-
New Haven, CT
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Beaman, Lori
- Karlan, Dean
- Thuysbaert, Bram
- Udry, Christopher
- Yale University, Economic Growth Center
Entstanden
- 2014
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