Hong Kong University of Science and Technology
Sujata Visaria is Assistant Professor in the Department of Economics at the Hong Kong University of Science and Technology (HKUST). She earned her Ph.D. degree from Columbia University, and worked at Boston University for four years before coming to HKUST. Her research studies how financial institutions affect micro-level outcomes in developing countries. She has published in journals such as the American Economic Journal: Applied Economics, American Economic Review and Econometrica. She is an affiliate of the Bureau for the Research and Economic Analysis of Development (BREAD) and the Small and Medium Enterprise Initiative of Innovations for Poverty Action.
Financial inclusion for agricultural growth: An alternative approach
08 Dec 2014
Traditional, group-based microcredit has had limited success at enabling farmers to expand the cultivation of risky but profitable cash crops. Evidence suggests that this is mainly because of its mechanisms for borrower selection and enforcement of repayment. This column proposes a new approach that leverages local intermediaries and aligns their incentives with farmer profits, to generate better outcomes for agricultural production and incomes.
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