Credit constraints and aquaculture productivity
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Credit constraints and aquaculture productivity. / Mitra, Sandip; Khan, Md. Akhtaruzzaman; Nielsen, Rasmus.
In: Aquaculture Economics & Management, Vol. 23, No. 4, 2019, p. 410-427.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Credit constraints and aquaculture productivity
AU - Mitra, Sandip
AU - Khan, Md. Akhtaruzzaman
AU - Nielsen, Rasmus
PY - 2019
Y1 - 2019
N2 - The aquaculture sector is a capital intensive production process where access to credit is helpful in order to develop and manage farms in developing countries. Nevertheless, a supply of credit is often not readily available, which is creating credit constraint situations. This study investigates how credit constraints affect the productivity of aquaculture farmers in Bangladesh. An endogenous switching regression model is used to estimate the effects of credit constraints on productivity. The results show that productivity is significantly higher for farmers who are not exposed to credit constraints. This result reveals significant production-enhancing effects when using modern inputs for both constrained and unconstrained farmers. However, the effects are larger for the credit-unconstrained farmers because they have the opportunity to buy higher quality inputs and use them in a better input mix.
AB - The aquaculture sector is a capital intensive production process where access to credit is helpful in order to develop and manage farms in developing countries. Nevertheless, a supply of credit is often not readily available, which is creating credit constraint situations. This study investigates how credit constraints affect the productivity of aquaculture farmers in Bangladesh. An endogenous switching regression model is used to estimate the effects of credit constraints on productivity. The results show that productivity is significantly higher for farmers who are not exposed to credit constraints. This result reveals significant production-enhancing effects when using modern inputs for both constrained and unconstrained farmers. However, the effects are larger for the credit-unconstrained farmers because they have the opportunity to buy higher quality inputs and use them in a better input mix.
U2 - 10.1080/13657305.2019.1641571
DO - 10.1080/13657305.2019.1641571
M3 - Journal article
VL - 23
SP - 410
EP - 427
JO - Aquaculture, Economics and Management
JF - Aquaculture, Economics and Management
SN - 1365-7305
IS - 4
ER -
ID: 225177444