Journal Article

Access to Capital in Rural Thailand: An Estimated Model of Formal vs Informal Credit

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collection.link.125
https://openknowledge.worldbank.org/handle/10986/4401
collection.name.125
C. Journal articles published externally
dc.contributor.author
Gine, Xavier
dc.date.accessioned
2012-03-30T07:34:29Z
dc.date.available
2012-03-30T07:34:29Z
dc.date.issued
2011
dc.description.abstract
This paper analyzes the mechanism underlying access to credit, focusing on two important aspects of rural credit markets. First, moneylenders and other informal lenders coexist with formal lending institutions such as government or commercial banks, and, more recently, micro-lending institutions. Second, potential borrowers presumably face sizable transaction costs in obtaining external credit. We develop and estimate a model based on limited enforcement and transaction costs that provides a unified view of these facts. Based on data from Thailand, the results show that the limited ability of banks to enforce contracts, more than transaction costs, is crucial in understanding the observed diversity of lenders.
en
dc.identifier.citation
Journal of Development Economics
dc.identifier.issn
03043878
dc.identifier.uri
http://hdl.handle.net/10986/5777
dc.language.iso
EN
dc.relation.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights.holder
World Bank
dc.subject
Banks
dc.subject
Other Depository Institutions
dc.subject
Micro Finance Institutions
dc.subject
Mortgages G210
dc.subject
Economic Development: Financial Markets
dc.subject
Saving and Capital Investment
dc.subject
Corporate Finance and Governance O160
dc.subject
Economic Development: Regional, Urban, and Rural Analyses
dc.subject
Transportation O180
dc.title
Access to Capital in Rural Thailand: An Estimated Model of Formal vs Informal Credit
en
dc.title.alternative
Journal of Development Economics
en
dc.type
Journal Article
en
okr.doctype
Journal Article
okr.externalcontent
External Content
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
788
okr.journal.nbpages
16-29
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.region.country
Thailand
okr.relation.associatedurl
http://dx.doi.org/10.1016/j.jdeveco.2010.07.001
okr.relation.associatedurl
http://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1244269&site=ehost-live
okr.relation.associatedurl
http://www.elsevier.com/wps/find/journaldescription.cws_home/505546/description#description
okr.relation.googlescholar
http://scholar.google.com/scholar?q=doi%3A10.1016%2Fj.jdeveco.2010.07.001
okr.volume
96

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