Pederson, Glenn; Chung, Wonho; Nel, Roelof - In: Agricultural Finance Review 72 (2012) March, pp. 5-21
approach that access to credit solves a liquidity problem. If a credit constraint exists it results in a suboptimal allocation … are likely to be credit rationed. In the second stage, switching regression models are used to observe the effect of … credit rationing on farm productivity and on farm investment behavior. Findings – It is found that there are liquidity …