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The Political Economy of Agricultural Credit: The Case of Bolivi

Author

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  • Jerry R. Ladman
  • Ronald L. Tinnermeier

Abstract

A theoretical framework is established to show that agricultural credit programs in less developed countries can be used for political purposes because of (a) government-controlled supply; (b) implicit income transfers associated with concessionary interest rates, delinquency, and inflation that can be used as patronage for politically influential borrowers; and (c) ease of implementation under guise of economic objectives. The framework is applied to Bolivia. Within that country's political context, large income transfers to a few influential farmers strongly suggest the importance of political factors in credit allocation with consequent effects on income distribution, development, and debilitation of financial institutions.

Suggested Citation

  • Jerry R. Ladman & Ronald L. Tinnermeier, 1981. "The Political Economy of Agricultural Credit: The Case of Bolivi," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 66-72.
    • Handle: RePEc:oup:ajagec:v:63:y:1981:i:1:p:66-72.
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    File URL: http://hdl.handle.net/10.2307/1239812
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    Cited by:

    1. Mark Schreiner & Jacob Yaron, 2001. "Development Finance Institutions : Measuring Their Subsidy," World Bank Publications - Books, The World Bank Group, number 13983.
    2. Kailas Sarap, 1990. "Factors Affecting Small Farmers' Access to Institutional Credit in Rural Orissa, India," Development and Change, International Institute of Social Studies, vol. 21(2), pages 281-307, April.
    3. Abbas Ali Chandio & Yuansheng Jiang & Feng Wei & Abdul Rehman & Dan Liu, 2017. "Famers’ access to credit: Does collateral matter or cash flow matter?—Evidence from Sindh, Pakistan," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1369383-136, January.
    4. Ayoki, Milton, 2014. "Inclusive Financial System Reforms in Uganda: Unveiling Ambiguity," MPRA Paper 83234, University Library of Munich, Germany, revised Dec 2017.

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