Precautionary Saving, Credit Constraints, and Irreversible Investment: Theory and Evidence from Semiarid India.

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...

Полное описание

Библиографические подробности
Главные авторы:	Fafchamps, M, Pender, J
Формат:	Journal article
Язык:	English
Опубликовано:	1997

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