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One reason that economic development in rural America lags behind its urban counterpart is the persistent lack of venture capital for rural entrepreneurs. Geography deserves much of the blame, as angel investors and venture capitalists tend to live and work in metropolitan areas on the coasts,...
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In this paper, we set out to establish if there is a link between finance and economic growth in rural areas. In particular, we evaluate the relation between credit by major lenders in rural areas - commercial banks and Farm Credit System institutions - and economic growth for the period...
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Rural households in developing countries continue to have limited access to credit although credit is thought to play a vital role not only in agricultural activities but also in poverty reduction through improving the economic and social wellbeing of the people. Existing studies on rural credit...
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