Informal finance through land pawning contracts
Evidence from the Philippines
Bibliographic Data
| ID | 20301345 |
|---|---|
| Authors | Geetha Nagarajan (The Ohio State University), Cristina C David (International Rice Research Institute), Richard L Meyer (The Ohio State University) |
| Year | 1992 |
| Volume | 29 |
| Issue | 1 |
| Pages | 93-107 |
| Publication date | 1992-10-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Journal of Development Studies (JOURNAL) |
| Journal identifiers | ISSN: 0022-0388 • E-ISSN: 1743-9140 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00220389208422263 |
| OpenAlex | W2082817108 |
| Language | EN |
| References cited | 3 |
Land pawning contracts have increased in importance in Philippine rice growing villages, and this article examines the determinants of choice of pawning contracts and the observed loan size. The analysis shows that pawning is an informal credit instrument used by small farmers to obtain large loans to finance productive investments, such as non‐farm employment, where the returns to investment are high. The econometric results suggest that poorer farm households pawn‐out land, while wealthier farm households pawn‐in. The observed loan size is explained by reputation of pawners and rice cropping intensity in the region
Agricultural economics · Agriculture · Business · Cropping · Economics · Geography · Investment (military) · Labor intensity · Loan · Market economy · Political science · Reputation · Upstream (networking) · Agricultural risk and resilience · Finance · Land Rights and Reforms · Microfinance and Financial Inclusion
| Highly cited | No |
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