TAILIEUCHUNG - Impact of formal credit on rural household income in Vietnam

The paper offers three groups of policies for promoting the role and improving efficiency of the formal credit programs on the household income in rural Vietnam. | 144 Dinh Phi Ho & Dong Duc / Journal of Economic Development 22 (2) 144-160 Impact of Formal Credit on Rural Household Income in Vietnam DINH PHI HO University of Economics HCMC – dinhphiho@ DONG DUC dongduc231@ ARTICLE INFO ABSTRACT Article history: Many studies have been conducted to estimate effects of rural credit programs on household income in both Vietnam and foreign coutries. Some provided positive evidence of such programs’ efficiency while others suggest that not all credit programs improved household income. Responding to the question of whether formal credit affects household income will contribute to directions determined to adjust allocation of resources for agriculture and rural development. In addition to the use of Difference-in-Differences (DD) method in connection with pooled OLS regression, this paper employs panel data from Vietnam Access to Resources Household Survey (VARHS) in the years 2006–2012, and finds that the formal credit does have effects on the rural household income. Additionally, the paper offers three groups of policies for promoting the role and improving efficiency of the formal credit programs on the household income in rural Vietnam. Received: Dec. 29 2014 Received in revised form: Jan. 30 2015 Accepted: Mar. 26 2015 Keywords: Formal credit, policy impact, household income, difference-indifferences method, panel data regression. Dinh Phi Ho & Dong Duc / Journal of Economic Development 22 (2) 144-160 145 1. Introduction Access to agricultural credit is an especially important factor in the context of rural development in Vietnam. Capital on its own cannot flow from developed sectors to agricultural regions; thus, government must ensure credit resource allocation to compensate for the lack of financial resources in rural areas as well as to overcome the market failure in its access to people with low income. The development of Vietnam credit market was acknowledged after “Doi moi” in 1986 (Phan, .

• Ngân hàng - Tín dụng
• Formal credit
• Policy impact
• Household income
• Difference indifferences method
• Panel data regression
• Summary of Doctoral thesis
• Gender inequality
• Access formal credit
• Vietnam’s rural household
• Formal credit access
• Social capital
• Semi formal credit
• Informal credit
• Binary logistic regression
• Multinomial logistic regression
• Asymmetry information
• Medium sized enterprises
• Asymmetrical information
• Artery Graft Surgery
• Saphenous Vein
• Graft Disease – State
• Drug Eluting Balloon
• Additional Therapy
• Cell Death Following
• Feeding Influences
• Weight of Children
• Breastfeeding Reduce
• Immunological and Molecular
• Renal Myofibroblasts
• Maternal Renal Dysfunction
• Basic econometrics
• Nonlinear regression models
• Qualitative response regression models
• Panel data regression models
• The identification problem
• Time series econometrics
• Lecture Advanced Econometrics
• Advanced Econometrics
• General framework for panel data
• Pooled regression
• Fixed effects
• Random effects model
• Choosing between fixed
• Capital structure
• Short term debt
• Total debt
• Panel data regression
• Firms’ performance
• Duration Analysis
• Count Data
• Estimating Average Treatment Effects
• Stratified Sampling
• Corner Solution Outcomes
• Censored Regression Models
• Managerial economics
• Multiple regression analysis
• Qualitative information
• Data issues
• Advanced panel data methods
• Pooling cross sections across
• Econometrics for Finance
• Introductory Econometrics for Finance
• Regression model
• Purpose of econometrics
• Panel data
• Fixed effects models
• Phân tích định lượng
• Bài giảng Phân tích định lượng
• Thiết kế nghiên cứu định lượng
• Dữ liệu bảng
• Cấu trúc dữ liệu bảng
• Dynamic network slacks based measure
• Non convex metafrontier
• Super efficiency
• Bank efficiency
• Feasible generalized least squares
• Macroeconomic news
• Firm performance
• Vietnamese SOEs
• Vietnamese soes performance
• Oil price
• Mining sector companies
• Oil price and leverage
• Significantly influenced by oil prices