What determines the development of rural financial markets? Starting from a simple theoretical framework, we derive the factors shaping the market entry of rural microfinance institutions across time and space. We provide empirical evidence for these determinants using the expansion of credit...

This paper explores the pattern of agricultural productivity across 19th century Prussia to gain new insights on the causes of the 'Little Divergence' between European regions. We argue that access to urban demand was the dominant factor explaining the gradient of agricultural productivity as...

What determines the development of rural financial markets? Starting from a simple theoretical framework, we derive the factors shaping the market entry of rural microfinance institutions across time and space. We provide empirical evidence for these determinants using the expansion of credit...

This paper explores the pattern of agricultural productivity across 19th century Prussia to gain new insights on the causes of the ÒLittle DivergenceÓ between European regions. We argue that access to urban demand was the dominant factor explaining the gradient of agricultural productivity as...