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...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2020/10/01
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Журнальная статья
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157789
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1
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1
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2021/03/30
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Disclosed
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Productivity Shocks and Repayment Behavior in Rural Credit Markets : A Framed Field Experiment
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farmer