The interrelationships among the formal, semiformal and informal credit demands of farm households in Vietnam
Bibliographic Data
| ID | 21515529 |
|---|---|
| Authors | Nguyen Tuan Anh (0000-0001-9867-9899, Lincoln University), Chen Gan (0000-0002-5618-1651, Lincoln University), Dao Le Trang Anh (0000-0002-8642-9638, National Economics University) |
| Year | 2021 |
| Volume | 48 |
| Issue | 5 |
| Pages | 776-791 |
| Publication date | 2021-05-04 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Social Economics (JOURNAL) |
| Journal identifiers | ISSN: 0306-8293 • E-ISSN: 1758-6712 |
| Publisher | Emerald (PUBLISHER) |
| DOI | 10.1108/ijse-11-2020-0734 |
| OpenAlex | W3135013042 |
| Language | EN |
| References cited | 30 |
Purpose This study simultaneously explores the nexus among formal, semiformal and informal credit markets and farm households' credit demand determinants in Vietnam. Design/methodology/approach This study uses a multistage stratified random sampling process for a survey of 648 smallholder farmers in the Red River Delta (RRD), Vietnam. The trivariate probit model (TVPM) is used to address the interdependence of farm households' credit demands in different credit markets. Findings The results reveal complementary relationships among two pairs of credit markets (formal versus informal and semiformal versus informal). There are dissimilarities among the determinants (household characteristics, household head's characteristics, credit history and geographic factors) of farm households' credit demands in different markets, reflecting segmentation of Vietnam credit markets. Practical implications The study's empirical findings are important for policymakers and credit providers to enhance farm households' access to credit for agriculture and to improve the operations of the three credit markets. Originality/value This is the first empirical study in Vietnam and one of few in other developing countries simultaneously exploring the determinants of credit demand in and interrelationships among all three credit markets to provide more comprehensive and accurate results
Bond market · Business · Credit enhancement · Credit history · Credit reference · Credit risk · Econometrics · Economics · Probit · Stratified sampling · Agricultural Innovations and Practices · Land Rights and Reforms · Microfinance and Financial Inclusion · Finance
Multivariate Probit Regression using Simulated Maximum Likelihood
Does credit boost agricultural performance? Evidence from Vietnam
Formal and Informal Rural Credit in Four Provinces of Vietnam
Political connections and household access to bank loans
Drivers of different types of eco-innovation in European SMEs
Determinants of credit rationing
Rural Development Finance in Vietnam
| Highly cited | No |
|---|