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Titel
The effects of access to credit on productivity: separating technological changes from changes in technical efficiency / Nusrat Abedin Jimi (State University of New York), Plamen Nikolov (State University of New York, IZA and Harvard University, Institute for Quantitative Social Science), Mohammad Abdul Malek (Research and Evaluation Division, BRAC and Kyoto University), Subal Kumbhakar (State University of New York)
VerfasserJimi, Nusrat Abedin ; Nikolov, Plamen ; Malek, Mohammad Abdul ; Kumbhakar, Subal
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, July 2019
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (39 Seiten) : Diagramme
SerieDiscussion paper ; no. 12514
URNurn:nbn:de:hbz:5:2-197101 
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 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
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The effects of access to credit on productivity: separating technological changes from changes in technical efficiency [0.91 mb]
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Zusammenfassung

Improving productivity among microenterprises is important, especially in low-income countries where market imperfections are pervasive, and resources are scarce. Relaxing credit constraints can increase the productivity of microenterprises. Using a field experiment involving agricultural microenterprises in Bangladesh, we estimated the impact of access to credit on the overall productivity of rice farmers and disentangled the total effect into technological change (frontier shift) and technical efficiency changes. We found that relative to the baseline rice output per decimal, access to credit resulted in, on average, approximately a 14 percent increase in yield, holding all other inputs constant. After decomposing the total effect into the frontier shift and efficiency improvement, we found that, on average, around 11 percent of the increase in output came from changes in technology, or frontier shift, while the remaining 3 percent was attributed to improvements in technical efficiency. The efficiency gain was higher for modern hybrid rice varieties, and almost zero for traditional rice varieties. Within the treatment group, the effect was greater among pure tenant and mixed-tenant microenterprise households compared with microenterprises that only cultivated their own land.