THE EFFECTS ON PEASANT HOUSEHOLDS OF ACCESS TO FORMAL DEPOSITS AND LOANS

Mark Schreiner, Douglas H. Graham and Mario Miranda ()

No 28329, Economics and Sociology Occasional Papers - ESO Series from Ohio State University, Department of Agricultural, Environmental and Development Economics

Abstract: A dynamic, stochastic, rational expectations model of a peasant household with access to deposits and loans (up to a credit limit) is solved and simulated. If formal contracts offer more favorable rates than informal contracts, then access to formal contracts increases average consumption and decreases its standard deviation.

Keywords: Agricultural Finance; Consumer/Household Economics (search for similar items in EconPapers)
Pages: 15
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ohsesp:28329

DOI: 10.22004/ag.econ.28329

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