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THE IMPACT OF SUPERVISED CREDIT PROGRAMS ON TECHNOLOGICAL CHANGE IN DEVELOPING AGRICULTURE: COMMENT
Author(s) -
Lesueur J.F.
Publication year - 1978
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1978.tb00222.x
Subject(s) - agriculture , developing country , value (mathematics) , economics , technological change , economic growth , computer science , geography , macroeconomics , archaeology , machine learning
In a paper in the April 1977 issue of this Journal by Scobie and Franklin (1977) it is argued that supervised credit programs are of dubious value in promoting technological change in developing agriculture. However, the case presented by the authors is not conclusive and may be open to alternative interpretations because:(a) the general economic framework used by them is inappropriate for use in smallholder developing agriculture; (b) the results of the Guatemalan test case are inconclusive; and (c) these results can be plausibly explained in other ways in any case.