What's Wrong with Romanian Rural Finance? Understanding the Determinants of Private Farmers' Access to Credit

Junior Davis, Angela Gaburici and Paul Hare ()

No 9808, CERT Discussion Papers from Centre for Economic Reform and Transformation, Heriot Watt University

Abstract: This analysis of the determinants of private farmer access to rural finance in Romania has two distinct aspects: (i) a quantitative evaluation of some measurable variables for example factors affecting the amount of loans and the volume of savings; and (ii) a qualitative aspect, concentrating on the relationship between financial service suppliers and private farmers. We also consider the motivations underlying the participation or non-participation of private farmers in the development of the rural financial market. We have estimated two regression models: a) to determine the main characteristics of the private farms that have access to formal credit; and b) to estimate how farm income, the source and utilization of credit each impact on the actual loan amounts obtained. The paper attempts at all times to reflect the problems that farmers have highlighted in gaining access to rural finance in the results of our analysis.

Keywords: Rural finance; private farming and logistic regression. (search for similar items in EconPapers)
JEL-codes: D4 G20 Q14 R51 (search for similar items in EconPapers)
Date: 1998
New Economics Papers: this item is included in nep-fmk and nep-pub
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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