U.S. agriculture entered the most recent recession better positioned than most U.S. industries, was less affected by the recession than most other U.S. industries, and is likely to continue to do well in the years ahead. The farm sector was bolstered by several years of strong income growth,...

This paper discusses the major problem facing regional capital and credit markets in their relationship to regional development. There are two ways in which capital and credit markets play a crucial role in regional development: (1) they mobilize local savings resources and allocate them between...

In this paper, arguments and evidence is presented which leads the author to conclude that the structure and imperfections of the financial markets does influence the course of economic growth. In particular, it is concluded that due to a monopoly structure in rural banking, an agricultural...