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AA00260492-19990001-0099.pdf
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Download
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:648.0 KB
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:Dec 26, 2009 |
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Total downloads since Dec 26, 2009 : 1605
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| Title |
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A THEORY OF TWO-TIER INTERLINKAGE IN THE AGRICULTURAL CREDIT MARKET: COMMENTS
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CHAUDHURI, Sarbajit
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Dept. of Economics, Calcutta University
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Keio Economic Society, Keio University
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1999
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Keio economic studies
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36
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1
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1999
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| Start page |
99
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109
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| Abstract |
In the Keio Economic Studies, Volume XXX, No. 2, 1993, Gupta presented a theory of co-existence of interlinked credit-labour contract and interlinked credit-product contract in backward agriculture using the consumption efficiency hypothesis' of Leibenstein (1957). In this paper, we present an alternative theory of the two-tier interlinkage in terms of credit market imperfection. This paper also shows that product market imperfection, alone or coupled with credit market imperfection, may not be able to explain this type of interlinkage.
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