The interrelationships among the formal, semiformal and informal credit demands of farm households in Vietnam

dc.contributor.authorNguyen, TA
dc.contributor.authorGan, Christopher
dc.contributor.authorDao, LTA
dc.date.accessioned2021-05-04T22:21:20Z
dc.date.available2021-03-04
dc.date.issued2021-05-04
dc.date.submitted2021-02-16
dc.description.abstractPurpose: This study simultaneously explores the nexus among formal, semiformal and informal credit markets and farm households' credit demand determinants in Vietnam. Design/methodology/approach: This study uses a multistage stratified random sampling process for a survey of 648 smallholder farmers in the Red River Delta (RRD), Vietnam. The trivariate probit model (TVPM) is used to address the interdependence of farm households' credit demands in different credit markets. Findings: The results reveal complementary relationships among two pairs of credit markets (formal versus informal and semiformal versus informal). There are dissimilarities among the determinants (household characteristics, household head's characteristics, credit history and geographic factors) of farm households' credit demands in different markets, reflecting segmentation of Vietnam credit markets. Practical implications: The study's empirical findings are important for policymakers and credit providers to enhance farm households' access to credit for agriculture and to improve the operations of the three credit markets. Originality/value: This is the first empirical study in Vietnam and one of few in other developing countries simultaneously exploring the determinants of credit demand in and interrelationships among all three credit markets to provide more comprehensive and accurate results.
dc.format.extentpp.776-791, 16 pages
dc.identifierhttps://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=elements_prod&SrcAuth=WosAPI&KeyUT=WOS:000625478900001&DestLinkType=FullRecord&DestApp=WOS
dc.identifier.doi10.1108/ijse-11-2020-0734
dc.identifier.eissn1758-6712
dc.identifier.issn0306-8293
dc.identifier.otherRZ4ZR (isidoc)
dc.identifier.urihttps://hdl.handle.net/10182/13765
dc.language.isoen
dc.publisherEmerald Publishing Ltd
dc.relationThe original publication is available from Emerald Publishing Ltd - https://doi.org/10.1108/ijse-11-2020-0734 - https://www.emerald.com/insight/content/doi/10.1108/IJSE-11-2020-0734/full/html
dc.relation.isPartOfInternational Journal of Social Economics
dc.relation.urihttps://doi.org/10.1108/ijse-11-2020-0734
dc.rights© 2021, Emerald Publishing Limited
dc.subjectcredit demand
dc.subjectfarm household
dc.subjectformal
dc.subjectinformal credit
dc.subjectsemiformal
dc.subjecttrivariate probit model
dc.subject.anzsrc2020ANZSRC::3801 Applied economics
dc.titleThe interrelationships among the formal, semiformal and informal credit demands of farm households in Vietnam
dc.typeJournal Article
lu.contributor.unitLU
lu.contributor.unitLU|Faculty of Agribusiness and Commerce
lu.contributor.unitLU|Faculty of Agribusiness and Commerce|FABS
lu.contributor.unitLU|Research Management Office
lu.contributor.unitLU|Research Management Office|OLD QE18
lu.contributor.unitLU|Research Management Office|OLD PE20
lu.identifier.orcid0000-0002-5618-1651
pubs.issue5
pubs.notesPublished ahead of print.
pubs.publication-statusPublished
pubs.publisher-urlhttps://www.emerald.com/insight/content/doi/10.1108/IJSE-11-2020-0734/full/html
pubs.volume48
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