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The Impact Of Supervised Credit Programmes On Technological Change In Developing Agriculture

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  • Grant M. Scobie
  • David L. Franklin

Abstract

Restrictions on input use frequently accompany the granting of institutional credit to farmers in developing agriculture. A general economic framework is suggested to analyze the net social benefits of such a policy. The paper discusses the potential for manipulating the policy variables to foster more rapid adoption of new agricultural technology. An empirical analysis of the impact of a supervised credit programme in Guatemala on farm performance and farmer decision-making is presented.
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Suggested Citation

  • Grant M. Scobie & David L. Franklin, 1977. "The Impact Of Supervised Credit Programmes On Technological Change In Developing Agriculture," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 21(1), pages 1-12, April.
    • Handle: RePEc:bla:ajarec:v:21:y:1977:i:1:p:1-12
    DOI: j.1467-8489.1977.tb00189.x
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    1. Robert M. Spann, 1974. "Rate of Return Regulation and Efficiency in Production: An Empirical Test of the Averch-Johnson Thesis," Bell Journal of Economics, The RAND Corporation, vol. 5(1), pages 38-52, Spring.
    2. Alain de Janvry, 1973. "A Socioeconomic Model of Induced Innovations for Argentine Agricultural Development," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(3), pages 410-435.
    3. Ruttan, Vernon W., 1973. "Induced Technical and Institutional Change and the Future of Agriculture," 1973 Conference, August 19-30, 1973, São Paulo, Brazil 181215, International Association of Agricultural Economists.
    4. Schultz, Theodore W, 1975. "The Value of the Ability to Deal with Disequilibria," Journal of Economic Literature, American Economic Association, vol. 13(3), pages 827-846, September.
    5. Bruce Robinson Davidson & Brian Robert Martin, 1965. "The Relationship Between Yields On Farms And In Experiments," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 9(2), pages 129-140, December.
    6. Davidson, Bruce Robinson & Martin, Brian Robert, 1965. "The Relationship Between Yields On Farms And In Experiments," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 9(2), pages 1-12, December.
    7. Carlos A. Benito, 1976. "Peasants' Response to Modernization Projects in Minifundia Economies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(2), pages 143-151.
    8. Dale W Adams, 1971. "Agricultural Credit in Latin America: A Critical Review of External Funding Policy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(2), pages 163-172.
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    Cited by:

    1. Griffith, Garry R., 1978. "An Ex Ante Evaluation of the National Pig Carcase Measurement and Information Service," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 46(03), pages 1-22, December.
    2. Lesueur, J.F., 1978. "The Impact Of Supervised Credit Programs On Technological Change In Developing Agriculture: Comment," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 22(2-3), pages 1-3, August.

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