Segmentation in the Philippine Informal Credit Marktes: A Multinomial Logit Analysis

Richard L. Meyer, Geetha Nagarajan and Leroy J. Hushak

No 198184, 1997 Occasional Paper Series No. 7 from International Association of Agricultural Economists

Abstract: The paper explains the market segmentation that occurs in the Philippine informal credit markets through the matching of borrows and lenders by their occupational specialization which internalizes transaction costs and facilitates economic activity. The regression results support a predictable pattern of matching farmers lenders with borrowers specialization in non-farm activities and trader lenders with borrowers specialized in farming.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 10
Date: 1997
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaaeo7:198184

DOI: 10.22004/ag.econ.198184

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