A microeconometric analysis of credit rationing in the Polish farm sector
基于波兰农场调查数据，研究发现超过40%的借款者面临农村银行的显著信贷配给，且信贷配给家庭对短期信贷的平均边际支付意愿高达209%（不含本金）。
The objective of this paper is to investigate credit rationing of Polish farms. The analysis is based on cross-section survey data and motivated by a microeconomic farm household model. The results suggest that more than 40 per cent of borrowers experience pronounced credit rationing by rural banks. Credit-rationed households display an average marginal willingness to pay for short-term credit of 209 per cent net of principal. Furthermore, household variables have a significant effect on output supply. Demographic characteristics and a lack of collateral are major determinants of credit rationing. Public interest rate subsidisation contributes little to alleviate rationing of farms. Copyright 2004, Oxford University Press.