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dc.creatorNagarajan, Geethaen_US
dc.creatorMeyer, Richard L.en_US
dc.creatorHushak, Leroy J.en_US
dc.description.abstractEstimates of loan demand are often biased and inefficient due to data truncation and the use of data on individual loans that suffers from non-identifiability of aggregate demand and supply factors. This paper develops a framework to measure loan demand as a sum of all loans received during a period and applies a type three Tobit model to estimate it among farm households in the Philippines. The results suggest that the framework using total loans to estimate loan demand provides a statistically better fit than loan demand estimated using data on individual loans.en_US
dc.format.extentPages: 14en_US
dc.publisherOhio State University. Department of Agricultural, Environmental, and Development Economicsen_US
dc.relation.ispartofseriesOhio State University. Department of Agricultural Economics and Rural Sociology. ESO (Economics and Sociology Occasional Paper). No. 2233en_US
dc.rightsThis item may be protected by copyright, and is made available here for research and educational purposes. The user is responsible for making a final determination of copyright status. If copyright protection applies, permission must be obtained from the copyright holder to reuse, publish, or reproduce the object beyond the bounds of Fair Use or other exemptions to the law.en_US
dc.titleDemand for Agricultural Loans: A Theoretical and Econometric Analysis of the Philippine Credit Marketen_US
dc.type.genreWorking Paperen_US

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