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Gurtoo, Anjula
- Individual Borrowing and Default Behaviour in Surplus and Constrained Credit Environments: Evidence from India
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PDF Views:76
Authors
Affiliations
1 DOMS, Indian Institute of Science, Sir C. V. Raman Road, Bengaluru 560 012, IN
1 DOMS, Indian Institute of Science, Sir C. V. Raman Road, Bengaluru 560 012, IN
Source
Current Science, Vol 117, No 2 (2019), Pagination: 227-234Abstract
The present article studies borrowing behaviour between credit surplus and credit constrained environments in the context of microfinance, with respect to rural borrowing. Surplus and constrained environments get defined based on the number of the statepromoted self help groups (SHGs) in the district, and the volume of credit disbursed through these SHGs. Four hundred nineteen respondents comprising of farmers, off-farm workers, farm labourers, small businesspersons, SHG members and chit-fund or cooperative members were interviewed in the surplus district of Chittoor and the constrained district of Nalgonda in the erstwhile state of Andhra Pradesh. Statistical analyses comprising of OLS, binary logistic regression, ANOVA, t-test and chi-square tests show that surplus environments offer more adverse credit terms, especially for farmers and farm labourers. Further, surplus causes over-borrowing and defaults. Constraint propels planned repayments. Both the environments offer varying credit terms across trades. We also observe better lending terms when farmers and traders are among lenders in a constraint environment. Interlinking factor markets like land, labour and capital in a constrained environment leads to efficient outcomes, reinforcing the theory of New Institutional Economics.Keywords
Behaviour, Borrower, Constraint, Credit Terms, Surplus.Full Text
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- Can the Restrictive Boundaries of Intellectual Property Create a Larger Social Impact?
Abstract Views :212 |
PDF Views:83
Authors
Akriti Jain
1,
Anjula Gurtoo
1
Affiliations
1 Centre for Society and Policy, Indian Institute of Science, Bengaluru 560 012, IN
1 Centre for Society and Policy, Indian Institute of Science, Bengaluru 560 012, IN
Source
Current Science, Vol 120, No 11 (2021), Pagination: 1667-1669Abstract
This note highlights broad societal concerns associated with the intellectual property (IP) system and presents illustrative case examples to show how firms can address such concerns to fulfil their corporate social responsibility while simultaneously enjoying exclusivity obtained through IP rights. IP-specific initiatives taken by mission-oriented private organizations suggest that if designed and exercised consciously and wisely, stronger and efficient IP policy systems can act as a powerful tool to realize better societal outcomes to achieve social sustainability.Full Text
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