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What's Wrong with Romanian Rural Finance? Understanding the Determinants of Private Farmers' Access to Credit

Author

Listed:
  • Junior R Davis
  • Angela Gaburici
  • Paul G. Hare

Abstract

This analysis of the determinants of private farmer access to rural finance in Romania has two distinct aspects: (i) a quantitative evaluation of some measurable variables for example factors affecting the amount of loans and the volume of savings; and (ii) a qualitative aspect, concentrating on the relationship between financial service suppliers and private farmers. We also consider the motivations underlying the participation or non-participation of private farmers in the development of the rural financial market. We have estimated two regression models: a) to determine the main characteristics of the private farms that have access to formal credit; and b) to estimate how farm income, the source and utilization of credit each impact on the actual loan amounts obtained. The paper attempts at all times to reflect the problems that farmers have highlighted in gaining access to rural finance in the results of our analysis.

Suggested Citation

  • Junior R Davis & Angela Gaburici & Paul G. Hare, 1998. "What's Wrong with Romanian Rural Finance? Understanding the Determinants of Private Farmers' Access to Credit," CERT Discussion Papers 9808, Centre for Economic Reform and Transformation, Heriot Watt University.
  • Handle: RePEc:hwe:certdp:9808
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    File URL: http://www2.hw.ac.uk/sml/downloads/cert/wpa/1998/dp9808.pdf
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    References listed on IDEAS

    as
    1. Heidhues, Franz & Davis, Junior R & Schrieder, Gertrud, 1998. "Agricultural Transformation and Implications for Designing Rural Financial Policies in Romania," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 25(3), pages 351-372.
    2. J.R. Davis & P.G. Hare, 1997. "Reforming the Systems of Rural Finance Provision in Romania: Some Options for Privatisation and Change," CERT Discussion Papers 9713, Centre for Economic Reform and Transformation, Heriot Watt University.
    3. Junior R Davis & Angela Gaburici, 1998. "The Economic Activity of Private Farms in Romania during Transition. Just how competitive are they?," CERT Discussion Papers 9807, Centre for Economic Reform and Transformation, Heriot Watt University.
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    Cited by:

    1. Hu, Lifang & Zeng, Yinchu & Lopez, Rigoberto A., 2016. "Access to Credit by Traders in Chinese Agricultural Wholesale Markets," 2016 Annual Meeting, July 31-August 2, 2016, Boston, Massachusetts 235449, Agricultural and Applied Economics Association.
    2. Dirk J. Bezemer, 2000. "Limitations on De-collectivisation in Central European Agriculture," Tinbergen Institute Discussion Papers 00-037/2, Tinbergen Institute.
    3. Swinnen, Johan F.M. & Dries, Liesbeth, 2004. "The Impact Of Globalization On Investment And Agricultural Restructuring: Evidence From Polish Agriculture," 2004 Annual meeting, August 1-4, Denver, CO 20255, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Junior R Davis & Angela Gaburici, 1998. "The Economic Activity of Private Farms in Romania during Transition. Just how competitive are they?," CERT Discussion Papers 9807, Centre for Economic Reform and Transformation, Heriot Watt University.

    More about this item

    Keywords

    Rural finance; private farming and logistic regression.;

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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