Credit rationing and institutional constraint: evidence from rural China
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Frankfurt, M. [u.a.]
Lang
2008
|
| Series: | Development economics and policy
59 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVI, 146 S. graph. Darst. 21 cm |
| ISBN: | 9783631582855 |
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| 245 | 1 | 0 | |a Credit rationing and institutional constraint |b evidence from rural China |c Xiangping Jia |
| 264 | 1 | |a Frankfurt, M. [u.a.] |b Lang |c 2008 | |
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| 650 | 4 | |a Banks and banking |x State supervision |z China | |
| 650 | 4 | |a Credit control |z China | |
| 650 | 4 | |a Monetary policy |z China | |
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Record in the Search Index
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| adam_text | Contents ix
Contents
Summary.........................................................................................................v
List of Tables................................................................................................xiii
List of Figures..............................................................................................xiv
Acknowledgements.......................................................................................xv
1 Introduction..............................................................................................1
2 Agricultural Transition in China: A Historical Perspective....................5
2.1 Introductory Essay............................................................................5
2.2 Retrospective Review.......................................................................7
2.3 Agriculture and National Economy................................................11
2.3.1 Growth in Agriculture..............................................................11
2.3.2 Agricultural Transition............................................................12
2.3.3 Real Price of Farm Produce.....................................................13
2.3.4 Rural Nonfarm Employment...................................................15
2.3.5 Food Security...........................................................................17
2.3.6 China s Agriculture and the World..........................................19
2.3.7 Government-led Developing Strategy.....................................20
2.4 The New Rural Campaign ...........................................................21
2.5 Chapter Recap.................................................................................23
3 Evolution of China s Rural Financial Market.......................................25
3.1 Introduction.....................................................................................25
3.2 Overview.........................................................................................27
3.3 Rural Financial System in China....................................................29
3.3.1 Rural Credit Cooperatives (RCCs)..........................................29
3.3.2 Agricultural Bank of China (ABC)..........................................31
3.3.3 Agricultural Development Bank of China (ADBC)................31
3.3.4 China Postal and Savings Bank...............................................33
3.4 Ongoing Reforms............................................................................33
3.4.1 China Postal Savings Bank (CPSB)........................................34
3.4.2 Rural Commercial/Cooperative Banks....................................34
3.4.3 Rural Credit-only Micro-credit Company...............................34
Credit Rationing and Institutional Constraint
3AA The New Policy of the CBRC for Market Access...................34
3.4.5 Three Types of New Emerging Rural Financial Institutions... 35
3.5 Chapter Recap.................................................................................35
3.6 Table and Figures for this Chapter.................................................37
4 Rural Credit Markets in Developing Countries:
A Theoretical Review............................................................................43
4.1 Introduction.....................................................................................43
4.2 Credit Rationing..............................................................................44
4.2.1 Adverse Selection....................................................................44
4.2.2 Moral Hazard...........................................................................45
4.3 Significant Features of Rural Credit Markets.................................47
4.3.1 Features of Agriculture............................................................47
4.3.2 Generic Disadvantages of Rural Credit...................................47
4.4 Government Intervention: Some Misunderstanding......................48
4.4.1 Economic Growth Hypothesis.................................................48
4.4.2 Production Incentive Hypothesis.............................................49
4.4.3 Political Economy Hypothesis.................................................50
4.5 The Ways to Intervene....................................................................50
4.5.1 Newly-established Institutions.................................................50
4.5.2 Interesting Rate Ceiling...........................................................51
4.5.3 Earmarked Credit Utilization...................................................52
4.6 Chapter Recap.................................................................................52
5 Data and Descriptive Analysis..............................................................53
5.1 Sampling.........................................................................................53
5.2 Descriptive analysis........................................................................56
5.2.1 Cropping Calendar...................................................................56
5.2.2 Household Characteristics.......................................................57
5.2.3 Off-farm Activities..................................................................58
5.3 Formal and Informal Credit Participation......................................58
5.4 Credit Rationing: A Tabulated Decomposition..............................^
6 The Determinants of Credit Rationing..................................................69
6.1 Agricultural Household Model in Theory:
A Missing Credit Market Model....................................................69
Contents
6.1.1 The Basic Model of Intertemporal Choice..............................70
6.1.2 The Revised Model with Credit Constraint.............................71
6.2 A Brief Survey on Model Specification.........................................73
6.3 Formal Credit Rationing.................................................................73
6.3.1 Bivariate Probit........................................................................74
6.3.2 Model Specification with Full Observability..........................74
6.3.3 Model Specification with Partial Observability......................76
6.4 Informal Credit Rationing...............................................................76
6.5 Chapter Recap.................................................................................77
Interlinked Formal and Informal Credit Markets..................................81
7.1 A Brief Survey................................................................................81
7.2 Probit Model with Endogenous Regressor.....................................82
7.3 An Interlinked Sector Model..........................................................83
7.4 Post-estimations..............................................................................85
7.4.1 Prediction.................................................................................85
7.4.2 Hypothesis Testing..................................................................87
7.4.3 Multicollinearity......................................................................87
7.4.4 Sensitivity Test.........................................................................88
7.5 Chapter Recap.................................................................................91
Institutions, States and Rural Finance...................................................93
8.1 What Is An Institution....................................................................93
8.2 Why Inefficient Institutions Persist................................................95
8.2.1 A Survey..................................................................................95
8.2.2 Interest Groups.........................................................................97
8.2.3 State..........................................................................................98
8.3 Agrarian and Local Institutions....................................................100
8.3.1 Agrarian Institutions..............................................................101
8.3.2 Local Organizations and Institutions.....................................103
8.4 Rural Financial Development.......................................................105
8.4.1 Does Financial Development Contribute to
Economic Growth...................................................................105
8.4.2 The State s Role in Financial Development..........................106
8.4.3 Rural Financial Institutions....................................................107
xii________________________________________________Credit Rationing and Institutional Constraint
9 Conclusion...........................................................................................111
BIBLIOGRAPHY.......................................................................................115
Syntax Appendix.........................................................................................125
Zusammenfassung.......................................................................................144
Contents_____________________________________________________________________________xiii
List of Tables
Table 3.1 Deposits of Rural Financial Institutions (RFIs) in China...................39
Table 3.2 Loan Portfolio of RFIs in China..........................................................40
Table 3.3 Ratios of Rural Loans to Deposits and Indicators of NPLs................41
Table 5.1 Sampling Profile..................................................................................54
Table 5.2 Crop Calendar in the North China Plain.............................................57
Table 5.3 Profile of Sample Rural Households by County.................................60
Table 5.4 Off-farm Activities..............................................................................62
Table 5.5 Formal and Informal Credit Market Participation (2001-2004).........63
Table 5.6 Credit Rationing: A Tabulated Decomposition..................................66
Table 5.7 Description of Variables.....................................................................67
Table 6.1 Credit Rationing in Single Sector: A Model Comparison..................78
Table 7.1 Interlinked Formal and Informal Credit Rationing.............................84
Table 7.2 Summary Description of Influential Observations.............................91
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| spelling | Jia, Xiangping Verfasser aut Credit rationing and institutional constraint evidence from rural China Xiangping Jia Frankfurt, M. [u.a.] Lang 2008 XVI, 146 S. graph. Darst. 21 cm txt rdacontent n rdamedia nc rdacarrier Development economics and policy 59 Zugl.: Hohenheim, Univ., Diss., 2008 Bank Banks and banking State supervision China Credit control China Monetary policy China Rural credit China Kreditrestriktion (DE-588)4125607-4 gnd rswk-swf Ländlicher Raum (DE-588)4034026-0 gnd rswk-swf Agrarkredit (DE-588)4000764-9 gnd rswk-swf China (DE-588)4009937-4 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content China (DE-588)4009937-4 g Ländlicher Raum (DE-588)4034026-0 s Agrarkredit (DE-588)4000764-9 s Kreditrestriktion (DE-588)4125607-4 s DE-604 Development economics and policy 59 (DE-604)BV010533560 59 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017144182&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Jia, Xiangping Credit rationing and institutional constraint evidence from rural China Development economics and policy Bank Banks and banking State supervision China Credit control China Monetary policy China Rural credit China Kreditrestriktion (DE-588)4125607-4 gnd Ländlicher Raum (DE-588)4034026-0 gnd Agrarkredit (DE-588)4000764-9 gnd |
| subject_GND | (DE-588)4125607-4 (DE-588)4034026-0 (DE-588)4000764-9 (DE-588)4009937-4 (DE-588)4113937-9 |
| title | Credit rationing and institutional constraint evidence from rural China |
| title_auth | Credit rationing and institutional constraint evidence from rural China |
| title_exact_search | Credit rationing and institutional constraint evidence from rural China |
| title_full | Credit rationing and institutional constraint evidence from rural China Xiangping Jia |
| title_fullStr | Credit rationing and institutional constraint evidence from rural China Xiangping Jia |
| title_full_unstemmed | Credit rationing and institutional constraint evidence from rural China Xiangping Jia |
| title_short | Credit rationing and institutional constraint |
| title_sort | credit rationing and institutional constraint evidence from rural china |
| title_sub | evidence from rural China |
| topic | Bank Banks and banking State supervision China Credit control China Monetary policy China Rural credit China Kreditrestriktion (DE-588)4125607-4 gnd Ländlicher Raum (DE-588)4034026-0 gnd Agrarkredit (DE-588)4000764-9 gnd |
| topic_facet | Bank Banks and banking State supervision China Credit control China Monetary policy China Rural credit China Kreditrestriktion Ländlicher Raum Agrarkredit China Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017144182&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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| work_keys_str_mv | AT jiaxiangping creditrationingandinstitutionalconstraintevidencefromruralchina |