scholarly journals Credit Constraint, Credit Adjustment, and Sustainable Growth of Farmers’ Income

2018 ◽  
Vol 10 (12) ◽  
pp. 4407 ◽  
Author(s):  
Xiaohua Wang ◽  
Meilan Chen ◽  
Xi He ◽  
Fangfang Zhang
Keyword(s):  
Rural Economy ◽  
Capital Accumulation ◽  
Credit Constraints ◽  
Theory And Practice ◽  
Sustainable Growth ◽  
Regional Economies ◽  
Credit Constraint ◽  
Cross Sectional ◽  
Financial Repression ◽  
The Impact

Research on financial theory and practice has shown that the development of transition economies generally faces two major challenges. First, the less developed regions face more severe financial repression, which leads to imbalanced and unsustainable development of regional economies. Second, farmers face different credit constraints because of their productivity differences, which can further polarize the internal inequality of their income. Based on cross-sectional data of 2037 counties in 30 provinces of China in 2010, this paper employs quantile regression to investigate the relationships among credit constraints, credit adjustment, and the sustainable growth of farmers’ income. Our results confirm that rural residents generally face credit constraints, and there are significant stratified differences in the impact of farmer credit on farmers’ income. Farmers with higher income are more likely to obtain bank credit and continue to grow their income, while farmers with lower income are more likely to fall into the “vicious circle of poverty” because of their lack of capital accumulation. Therefore, to promote more fair and sustainable growth of farmers’ income, it is important to increase the credit available to farmers. Furthermore, it is critical to promote healthy competition among county financial institutions and accelerate the establishment of inclusive financial systems. This can ultimately help ensure sustainable development of agriculture and rural economy.

Capital and credit constraints in the engagement of youth in Ghanaian agriculture

2019 ◽  
Vol 80 (1) ◽  
pp. 22-37 ◽  
Author(s):  
Martinson Ankrah Twumasi ◽  
Yuansheng Jiang ◽  
Monica Owusu Acheampong
Keyword(s):  
Positive Impact ◽  
Credit Constraints ◽  
Rural Youth ◽  
Unique Contribution ◽  
Switching Regression ◽  
Credit Constraint ◽  
Data Set ◽  
Content Type ◽  
Application Procedure ◽  
The Impact

Purpose The purpose of this paper is to determine the factors influencing rural youth farmers’ credit constraints status and the effect of credit constraint on the intensity of participation of these farmers in Ghana. Design/methodology/approach The econometric estimation is based on cross-sectional data collected in 2018 from the Brong Ahafo region in Ghana. The sample data set consists of 450 rural youth farmers. The collected data were analyzed through different econometric techniques, using the endogenous switching regression model (ERSM). Findings The direct elicitation approach employed in this study revealed that out of the 450 farmers, 211 (47 percent) of the respondents were credit constrained compared to 239 (53 percent) of their counterparts who were unconstrained. The ERSM indicated that youth farmers education, age, savings, parents occupation reduced the probability of the rural youth farmer to be credit constrained but cumbersome loan application procedure and loan disbursement time positively affect credit constraint. Moreover, farmers that are credit constrained have lower intensity of participation in agriculture activities than a random farmer from the sample. This suggests that access to credit has a positive impact on the intensity of participation in agriculture activities. Research limitations/implications In this study, only rural youth farmers in a particular region were considered. However, there are youths all over the nation. Therefore, future researchers could consider other youth’s farmers elsewhere in the country. Originality/value Although existing studies have examined rural youth farmers’ participation in agriculture and credit constraint separately, the unique contribution of this paper is the analysis of credit constraint of rural youth farmers as well as the impact of credit constraint on the intensity of participation in agriculture activities.

scholarly journals Research on the Impact of Relationship Networks on Farmers’ Formal Credit Constraints: The Case of China

2021 ◽  
Vol 11 (4) ◽  
Author(s):  
Lun-song Chen ◽  
Bi-Lin Sun
Keyword(s):  
Credit Constraints ◽  
Rural Households ◽  
Credit Constraint ◽  
Constraint Function ◽  
Relationship Networks ◽  
Social Interests ◽  
Relationship Network ◽  
The Impact ◽  
The Relationship

Based on the survey data of Lishui City, Zhejiang Province, this paper uses the Heckman two-stage model to construct a credit constraint function without selection bias, and explores the relationship between the scale and quality of the relationship network and the credit constraints of rural households. Research shows that the scale of the relationship network is affected adversely by urbanization and networking, having a weaker impact on the formal credit constraints of rural households. The quality of the relationship networks can improve farmers’ awareness of formal credit, reduce transaction exposure, regulate farmers’ behavior and act as a “guarantee”, thereby effectively alleviating farmers’ formal credit constraints. At the same time, the relationship network of farmers is gradually becoming more structured, where farmers' social interests are becoming more purposeful. Additionally, formal financial institutions have set a threshold for farmers’ credit, which requires a certain amount of securities for money.

The effects of mutuality in exporter-importer relationships

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Farid Ahmed ◽  
Felicitas Evangelista ◽  
Daniela Spanjaard
Keyword(s):  
Relationship Marketing ◽  
Theory And Practice ◽  
Marketing Theory ◽  
Cross Sectional ◽  
Dyadic Data ◽  
Content Type ◽  
Central Hypothesis ◽  
Relationship Performance ◽  
The Impact

PurposeRelationship marketing has been playing an important role in the development of marketing theory and practice. Though the concept has been extensively applied in international marketing in understanding the dynamics of exporter-importer relationships, few studies have looked at dyadic data to investigate the impact of mutuality of relational variables on the exporter-importer relationships. The objective of this study is to understand the impact of mutuality of key relational variables on exporter-importer relationship performance. A dyadic model of mutuality is proposed. The model highlights the impact of balance, level and quality of perceptual bi-directionality of relational variables.Design/methodology/approachThe model was tested using dyadic data collected from exporter-importer relationships involving Australian exporters and their Southeast Asian import partners through a cross-sectional, quantitative survey. Mutuality of relationship constructs was measured using the perceptual bi-directionality (PBD) method.FindingsThe results support the central hypothesis that mutuality of relational constructs has an impact on relationship performance.Originality/valueThe study is the first to apply the perceptual bi-directionality method to measure mutuality of relational constructs in an exporter-importer setting. The study contributes to the general understanding of international business and exporter-importer relationship performance in particular.

The Impact of Credit Constraint on Agricultural Productivity - Evidence from Less Developed Province of Jiangxi in China

2014 ◽  
Vol 651-653 ◽  
pp. 1664-1669
Author(s):  
Chang Sheng Li ◽  
Wen Qi Zhang
Keyword(s):  
Agricultural Production ◽  
Production Efficiency ◽  
Credit Constraints ◽  
Stochastic Frontier ◽  
Primary Objective ◽  
Production Functions ◽  
Jiangxi Province ◽  
Credit Constraint ◽  
The One ◽  
The Impact

The primary objective of this paper is to explore how formal credit constraints affect farmers’ efficiency by the 743 random farmer samples from Jiangxi province in China. The statistic analyses of their individual characteristic, together with the inputs and outputs of their production shows that the constrained value of the production of the credit is RMB 563.2 yuan which is RMB 190 yuan less than those who are not credit constrained. The samples are divided into two groups, the one group with farmers who have been constrained by the formal credit while the other has not. The empirical results of the stochastic frontier production functions show that the agricultural production efficiency is not only affected by the labor and land, but also associated with the formal credit constraints. The results also reveal that efficiency loss of the credit constrained farmers is 17.8% higher than those of the unconstrained farmers. By doing this research, we have got evidence which clearly shows that formal credit constraints do distort the agricultural inputs, and by alleviating formal credit constraint, it is greatly helpful to improve the efficiency of agricultural production.

scholarly journals Firm performance under financial constraints: evidence from sub-Saharan African countries

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Lamessa T. Abdisa ◽  
Alemu L. Hawitibo
Keyword(s):  
Firm Performance ◽  
Credit Constraints ◽  
Investment Decision ◽  
Business Environment ◽  
Sub Saharan Africa ◽  
African Countries ◽  
Heckman Selection Model ◽  
Credit Constraint ◽  
Sub Saharan ◽  
The Impact

AbstractThe business environment in which a firm operates has an important impact on firm performance. This study examined the impact of credit constraint and power outages on the firm’s investment decision using World Bank Enterprise Survey (WBES) data collected from firms operating in 13 sub-Saharan Africa (SSA) countries. The study employed a two-part model and the Heckman selection model to estimate the impact of lack of access to finance and poor power supply on a firm’s decision to invest in self-generation. The result obtained suggest that there is a negative correlation between credit constraint and a firm’s decision to invest in self-generation. This indicates that credit constraint negatively affects a firm’s decision to invest in self-generation and firms that are credit constrained have less incentive to invest in self-generation compared to those that are not credit constrained. To test the robustness of the result obtained, alternative definitions of credit constraints were used. Results from alternative regressions using different definitions of credit constraints show that credit constraint affects a firm’s decision to invest in self-generation but not the volume of investment.

scholarly journals The Impact of Financial Sector Development and Sophistication on Sustainable Economic Growth

2019 ◽  
Vol 11 (6) ◽  
pp. 1713 ◽  
Author(s):  
Cristian Paun ◽  
Radu Musetescu ◽  
Vladimir Topan ◽  
Dan Danuletiu
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Capital Accumulation ◽  
Value Added ◽  
Financial Sector ◽  
Sustainable Growth ◽  
Financial Sector Development ◽  
And Performance ◽  
Classical Economic ◽  
The Impact

The drivers of economic growth and development are among the most important issues explored by economic theory. Sustainability of economic development was previously linked by various economic schools of thought to natural resources (agriculture, land, minerals, metals etc.), labor force (including skills, productivity, and education), entrepreneurship or technology and innovation. Capital was later introduced by classical economic theory as the key element. Without significant capital accumulation, all other production factors remain idle. The value added of the production process is a result of the existence, the accessibility and the cost of capital. Therefore, the development and the sophistication of the financial sector has gradually become very important for any nation interested in sustainable growth. This paper investigates the impact of financial sector development, sophistication and performance on economic growth based on a panel regression methodology. We found statistically significant results that confirm the importance of this connection and that are very consistent with economic theory and previous relevant articles and studies.

scholarly journals Multi-method evaluation of a national clinical fellowship programme to build leadership capacity for quality improvement

2020 ◽  
Vol 9 (4) ◽  
pp. e000978
Author(s):  
Madalina Toma ◽  
Avril Blamey ◽  
Dawn Mahal ◽  
Nicola M Gray ◽  
Laura Allison ◽  
...  
Keyword(s):  
Quality Improvement ◽  
Lead Level ◽  
Great Majority ◽  
Theory And Practice ◽  
International Level ◽  
Method Evaluation ◽  
Cross Sectional ◽  
Wide Range ◽  
Four Levels ◽  
The Impact

BackgroundThis paper reports the results of the evaluation of the Scottish Quality and Safety Fellowship (SQSF)—a 10-month, lead-level international educational programme established in 2008 with the overarching aim of developing clinicians with advanced quality improvement knowledge, technical ability and essential leadership skills. The evaluation explores four levels of educational and practice outcomes associated with (1) the reaction of fellows to SQSF participation, (2) learning gained, (3) subsequent behaviour changes and (4) the overall impact on national and international level capability and capacity building.MethodsA theory-informed multi-method design was applied using (1) a search and review of the SQSF organisational database to tabulate personal, professional and demographic characteristics; (2) semi-structured telephone interviews with 16 participants using purposive and self-selected sampling; and (3) a cross-sectional online evaluation survey across all 10 cohorts involving 222 fellowsResultsSQSF was positively perceived as a high-quality learning experience containing a well-balanced mix of theory and practice, with a majority of respondents reporting career changing benefits. Most participants reported improved social, behavioural and emotional skills, knowledge and attitudes and, with sustained support of their host organisations, were able to apply and share learning in their workplace. The impact of the SQSF on a wider national and international level capability and capacity was both mediated and moderated by a wide range of interrelated contextual factors.ConclusionsThis multi-method evaluation demonstrates that SQSF has achieved significant positive outcomes for the great majority of participants. Some tentative recommendations are provided with the aim of further enhancing fellowship content, delivery, transfer and future evaluations of wider impacts at regional, national and international health system levels.

scholarly journals The Impact of COVID-19 and Locust Invasion on Farm Households in Punjab and Sindh: Analysis from Cross-Sectional Surveys in Pakistan

2021 ◽  
Author(s):  
Takashi Yamano ◽  
Noriko Sato ◽  
Babur Wasim Arif
Keyword(s):  
Asian Development Bank ◽  
Farm Households ◽  
Regional Economies ◽  
Development Bank ◽  
Cross Sectional ◽  
Food Supply Chains ◽  
Negative Impacts ◽  
On Farm ◽  
The Impact ◽  
Input Prices

This paper presents the results of two mobile phone surveys conducted by the Asian Development Bank among farmers in Punjab and Sindh provinces in Pakistan in mid-2020 during the coronavirus disease (COVID-19) pandemic. The surveys collected information about how COVID-19-related measures and economic and transport disruptions affected farmers’ harvests, marketing efforts, input prices, and financial needs. The surveys found that the COVID-19 pandemic had significant negative impacts on farm households in both provinces. The paper provides additional context on COVID-19-related effects on local and regional economies and food supply chains. It also covers a simultaneous locust invasion along the India–Pakistan border, which has created “crisis within a crisis” in the surveyed provinces and exacerbated conditions that could lead to famine, disease, and increased poverty.

Government and Household Expenditure on Education: The Role of Credit Constraint

2021 ◽  
Vol 9 (3) ◽  
pp. 435-446
Author(s):  
Abida Naurin ◽  
Ahsan ul Haq Satti ◽  
Uzma Bashir
Keyword(s):  
Human Capital ◽  
Capital Accumulation ◽  
Research Question ◽  
Random Effect ◽  
Random Effect Model ◽  
Annual Data ◽  
Central Research ◽  
Cross Sectional ◽  
Household Expenditures ◽  
The Impact

Human capital accumulation is one of the most important factors of economic growth for both developed and developing nations. The central research question of this paper is to evaluate the tendency of household educational spending vis-à-vis government spending on education, given the household’s credit constraints. For this purpose, use annual data of 40 countries from 2004 to 2018 in this paper. The intensity of government and household expenditures on education is a more appropriate indicator to analyze the impact of human capital on economic development. This paper has applied the Fixed effect and the random effect model. The Panel Corrected Standard error (PCSEs) model to tackle the problem of heteroscedasticity, Serial Correlation of AR (1), and Cross-sectional dependence. For testing stationarity of the variables, the second generation panel unit root test is Im-Pesaran and Shin (IPS) Test at level and difference. As a robustness test, I estimated a VAR (3) and computed the Impulse response function using Cholesky decomposition along with a 95% confidence interval. The current study concludes that the causality runs from household expenditures (HEX) to government expenditure (GEX) on education directly and not the other way round. This paper also finds a negative contemporaneous relationship between GEX and NPL at the 5% significance level. This means that as households become more credit-constrained, the government tends to spend less on education.

Supervisor incivility and how it affects subordinates’ performance: a matter of trust

2018 ◽  
Vol 47 (3) ◽  
pp. 709-726 ◽  
Author(s):  
I.M. Jawahar ◽  
Bert Schreurs
Keyword(s):  
Work Engagement ◽  
Theory And Practice ◽  
Negative Effects ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Content Type ◽  
Mediating Role ◽  
Citizenship Performance ◽  
The Impact

Purpose To enhance the understanding of the mechanisms underlying the effects of incivility on outcomes, the purpose of this paper is to propose and test work engagement as a mediator of the impact of supervisor-initiated incivility on subordinates’ task and citizenship performance. Further, the authors propose that this mediated relationship would be conditional on the influence of trust in supervisor, such that the relationship would be exacerbated for subordinates who have high levels of trust in the supervisor. Design/methodology/approach Data came from a cross-sectional survey of 350 professionals employed in diverse occupations and organization types. Findings The authors found support for the mediating role of work engagement for citizenship performance, but not for task performance. As predicted, this explanation only held for employees who reported at least average levels of trust in their supervisors, supporting the “mediation is moderated” explanation. Originality/value Understanding how and for whom supervisor incivility affects task and citizenship performance is vital to advancing theory as well as for designing interventions to mitigate the negative effects. This manuscript is one of very few to pursue this line of research and makes important contributions to theory and practice.

Sign in / Sign up

Export Citation Format

Share Document