Credit constraints and smallholder dairy production in the East African highlands: application of a switching regression model
利用埃塞俄比亚和肯尼亚的农场数据，通过切换回归模型分析信贷约束对小农户乳业生产的影响，发现信贷主要通过对杂交奶牛的投资发挥作用，对信贷约束农户影响更大。
Abstract Accurate assessment of farmers' credit constraint condition is important in order to understand the circumstances under which credit would have its greatest impact. In this study a switching regression model was used to determine the impact of credit on smallholder dairy farms in the East African highlands using farm level data from Ethiopia and Kenya. Farmers were classified as credit constrained or credit non‐constrained based on their responses from the farm level surveys. No consistent relationship was found between farmers' credit constraint condition and their borrowing status. Most of the variation in milk output per farm was explained by the number of crossbred milking cows in the dairy herd. As credit is likely to facilitate investment in crossbred dairy cows it will have substantial impacts on smallholder dairy farms especially if it is targeted to credit constrained farms.