Precautionary Saving, Credit Constraints, and Irreversible Investment: Theory and Evidence from Semiarid India.
This paper investigates the extent to which poor households are discouraged from making a nondivisible but profitable investment. Using data on irrigation wells in India, the authors estimate the parameters of a structural model of irreversible investment. Results show that poor farmers fail to unde...
Main Authors: | Fafchamps, M, Pender, J |
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Format: | Journal article |
Sprog: | English |
Udgivet: |
1997
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Lignende værker
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Precautionary saving, credit constraints, and irreversible investment : theory and evidence from semiarid India /
af: 172630 Fafchamps, Marcel, et al.
Udgivet: (1997) -
Discount rates and credit markets : theory and evidence from rural India /
af: 172576 Pender, John L.
Udgivet: (1996) -
Aggressive Oil Extraction and precautionary Saving:
Coping with Volatility.
af: Ploeg, F
Udgivet: (2009) -
Aggressive oil extraction and precautionary saving: coping with volatility
af: Van der Ploeg, R
Udgivet: (2009) -
Aggressive oil extraction and precautionary saving: Coping with volatility.
af: van der Ploeg, F
Udgivet: (2010)