Risk Sharing versus Low‐Cost Credit Systems for International Development
指出发展中国家低成本信贷项目未能促进农业技术采纳，原因是贫困农民无法承担新技术带来的商业和金融风险，并提出了降低风险的信贷项目设计方案。
Abstract Low‐cost credit programs in developing countries have failed to achieve agricultural technology adoption goals. This research attributes the failure to the inability of poor farmers to bear the combined business and financial risks posed by adopting new technologies and develops proposals for the design of credit programs that reduce these risks. Agronomic and socioeconomic data are combined through simulation and mathematical programming to analyze problems of decision making under risk for developing countries. The results will assist in the design of new rural financial institutions conducive to the adoption of new production technologies by subsistence farmers.