The impact of formal finance on the rural economy of India
研究了印度以供给为导向的农业信贷政策对非农增长、就业和农村工资的积极影响,但农业产出增长有限,且农业收入效益仅在乐观还款假设下才超过成本。
India's supply‐led approach to agricultural credit paid off in non‐farm growth, employment and rural wages. The impact of expanded credit on agricultural output has been modest, and the benefits of agricultural income exceed the costs of the programme only if optimistic assumptions are made about repayment rates on farm credit.