Credit onstraints and rural farmers' welfare in an agrarian economy
Credit onstraints and rural farmers' welfare in an agrarian economy
复制标题
农业经济中的信贷约束与农民福利
作者：
Amanullah;Ghulam Rasool Lakhan;Siraj Ahmed Channa;Habibullah Magsi;王静;Naseer Ahmed Channa
本研究旨在确定信贷约束对麦农福利的影响。在这项研究中，通过一个简单的随机抽样技术收集了575小麦农民的数据。采用处理效应模型分析了信贷约束对农户福利的影响。此外，为了控制内分泌问题，采用了普通最小二乘法和逻辑回归。农民的福利是通过as.消费来衡量的。结果表明，信贷约束农户的耕地面积比非信贷约束农户多2.8%~ 4.1%，但信贷约束农户的人均支出和人均收入分别比非信贷约束农户低18.9%~ 13.8%。unconstrained.farmers此外，研究结果还表明，信贷约束农户的福利和收入受到年龄、利率、土地面积和家庭规模的影响。土地面积的增加提高了受约束农民的福利和回报，这与不受约束的农民形成对比。结果表明，信贷约束对农户福利和收入产生了负面影响。只有向信贷受限的农民提供信贷，才可能实现更好的福利。此外，这项研究具有潜在的重要意义。首先，利率的负面影响表明，巴基斯坦国家银行应修改农业信贷政策，特别是为农民设计灵活的利率。第二，在通货膨胀率高企、农业危机影响长期存在的情况下，中央银行应根据当前农业市场的金融需求，修订农业信贷限额。第三，政府应该在研究地区建立一个农业伊斯兰银行。这个伊斯兰银行would.support宗教农民谁是约束由于反对利息，它将放宽农民的信贷.约束以及帮助他们增加福利和收入.
This study aims to determine the impact of credit constraints on wheat farmers' welfare. For this study, data on.575 wheat farmers were collected through a simple random sampling technique. The treatment-effect model was.used to find the effect of credit constraints on the farmers' welfare. In addition, to control for the problem of.endogeneity, ordinary least squares and logistic regressions were employed. Farmers' welfare was measured by as.consumption. The results show that constrained farmers cultivate 2.8–4.1% more area of land than unconstrained.farmers but that the spending and income per capita of credit-constrained farmers are 18.9 to 13.8% lower,.respectivley, than those of unconstrained farmers. Moreover, the results indicate that the welfare and income of.credit-constrained farmers are influenced by age, the interest rate, area of land, and family size. An increase in the.area of land enhances wellbeing and returns for the constrained farmer, which is in contrast to the unconstrained.farmer. The results show that credit constraints have a negative impact on farmers' welfare and income. Better.welfare may only be achieved if credit is supplied to credit-constrained farmers. Furthermore, this study has.potentially significant implications. First, the negative impact of the interest rate suggests that the State Bank of.Pakistan should modify agricultural credit policies, particularly to design a flexible interest rate for farmers..Second, the central bank should amend the agricultural credit limits based on the current financial needs of the.agricultural market when the rate of inflation is high and the impact of agricultural crises is long and drawn-out..Third, the government should launch an agricultural Islamic bank in the study area. This Islamic bank would.support religious farmers who are constrained due to objections to interest, and it would relax the farmers’ credit.constraints as well as help them to increase welfare and income.