DOES REGULATION IMPROVE SMALL FARMERS ACCESS TO BRAZILIAN RURAL CREDIT

被引:3
作者
ANDERSON, J
机构
[1] Stanford University, Stanford
关键词
D O I
10.1016/0304-3878(90)90006-W
中图分类号
F [经济];
学科分类号
02 ;
摘要
Brazilian policymakers attempted to counter the inherent tendency for concentration in subsidized rural credit programs by requiring banks to lend a specified volume to small farmers. Inferences about the regulation's success are drawn from farm-level, panel data from São Paulo in the early 1980s. Membership in the target group should have a positive effect in an 'access rule', relating farmers' characteristics to their probability of receiving credit. When allowing for time-invariant individual effects, possibly correlated with target group indicators, tests indicate that the regulation had no effect. Subsidiary results cast doubt on the efficacy of a broader set of regulations. © 1990.
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页码:67 / 87
页数:21
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