Financial Markets, Credit Constraints, and Investment in Rural Romania

R.A. Chaves, Susana Sanchez, S. Schor and E. Tesliuc

Working Papers from World Bank - Technical Papers

Abstract: This study evaluates the performance of financial markets in rural areas of Romania based on the 1998 rural household, rural enterprise, and financial intermediary surveys, along with other official statistical data for 1997. It presents empirical evidence indicating that constrained access to credit markets negatively influences the investment behavior of households and enterprises.

Keywords: FINANCIAL MARKET; HOUSEHOLD; INVESTMENTS (search for similar items in EconPapers)
JEL-codes: G1 G15 G3 O5 (search for similar items in EconPapers)
Pages: 136 pages
Date: 2001
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:wobate:499

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