Improving rural credit markets requires a good understanding of the root causes of market failures and taking necessary steps to address them. This paper investigates the role of productivity shocks in borrower’s repayment choices. Using a framed field experiment that simulated a repeated interaction in an input credit market, the analysis finds strong evidence that adverse productivity shocks lead to higher default, even when they do not induce negative...
更多显示
详细
-
2020/10/01
-
日志文章
-
157789
-
1
-
1
-
2021/03/30
-
Disclosed
-
Productivity Shocks and Repayment Behavior in Rural Credit Markets : A Framed Field Experiment
-
farmer