The poor are often excluded from formal credit markets, but few empirical studies in literature have investigated whether the poor are constrained in the informal credit market. This paper uses recent micro data of rural China to answer this question. An instrumental variable model is estimated...

It is well acknowledged that the entrepreneurship is important to economic development. In this paper, we suggest a gender-related determinant of entrepreneurship, local sex imbalance. Using a 2009 rural finance survey, we examine how this imbalance influences the venturing at the household...

Capital inputs are by and large ignored in the study of farmland rental in previous literature. With the micro-data of rural household finance survey in year 2009, this paper empirically tests whether credit market promotes the development of farmland rental market in rural China. Results show...

The interest rate is one of the most important factors in farmers' decision-making of borrowing and lending in the informal financial market in China. This paper explores the determinants of the interest rate with microfinance data. Results show that the income disparity, the relationship...