Rural credit and agricultural supply in Brazil

Agricultural Economics

Volumn 43, Issue 3, 2012, Pages 293-302

  de Castro, Eduardo Rodrigues ^a   Teixeira, Erly Cardoso ^b  

^a FEDERAL UNIVERSITY OF SÃO CARLOS   (Brazil)

^b FEDERAL UNIVERSITY OF VIÇOSA   (Brazil)

Author keywords

Agricultural supply; Multi output analysis; Rural credit; Translog restricted profit function

Indexed keywords

AGRICULTURAL ECONOMICS; AGRICULTURAL PRODUCTION; CREDIT PROVISION; CROP PLANT; EXPENDITURE; NUMERICAL MODEL; PRICE DYNAMICS; PRODUCTIVITY; PROFITABILITY; RURAL FINANCE;

BRAZIL;

GLYCINE MAX; GOSSYPIUM HIRSUTUM; TRITICUM AESTIVUM; VIGNA MUNGO; VIGNA UMBELLATA; ZEA MAYS;

EID: 84860009675     PISSN: 01695150     EISSN: 15740862     Source Type: Journal    
DOI: 10.1111/j.1574-0862.2012.00583.x     Document Type: Article

References (40)

1. Alves, E.R.A., 2007. Discussão dos retornos à escala nos contextos das funções de produção e de custo. Revista de Economia e Agronegócio 5(2), 163-186.
2. ANDA, 1986, 2006. Anuários Estatísticos do Setor de Fertilizantes. ANDA, São Paulo
3. Araújo, P.F.C., 2003. O crédito rural e sua distribuição no Brasil. Estudos Econômicos (IPE/USP), São Paulo, 13, 323-348.
4. Araújo, P.F.C., Meyer, R.L., 1979. Política de crédito rural no Brasil: objetivos e resultados, In: Veiga, A., (Ed.), Ensaios sobre política agrícola brasileira, SA. São Paulo, pp. 137-162.
5. Banco Central, 19752005. Anuário Estatístico do Crédito Rural. Banco Central, Brasília
6. Boucher, S.R., Barham, B.L., Carter, M.R., 2005. The impact of "market-friendly" reforms on credit and land markets in Honduras and Nicaragua. World Dev. 33, 107-112.
7. Brarham, B.L., Boucher, S., Carter, M.R., 1996. Credit constraints, credit unions, and small scale producers in Guatemala. World Dev. 24, 793-806.
8. Carter, M.R., 1988. Equilibrium credit rationing of small farm agriculture. J. Dev. Econ. 28, 83-103.
9. Carter, M.R., Olinto, P., 2003. Getting institutions "right" for whom? Credit constraints and the impact of property rights on the quantity and composition of investment. Am. J. Agric. Econ. 85, 173-186.
10. CONAB-Companhia Nacional de Abastecimento, 2008. Séries históricas algodão, arroz, feijão, milho, soja e trigo. Available at (accessed October 2008).
11. David, C.C., Meyer, R.L., 1983. Measuring the farm level impact of agricultural loans, In: Von Pishke, J.D., Adams, D.W., Gordon, D., (Eds.), (Rural Financial Markets in Developing Countries. The John Hopkins University Press, Baltimore, pp. 84-95.
12. Decanio, S.J., 1979. Rational expectation and learning from experience. Quart. J. Econ. 93, 47-57.
13. Feder, G., Lau, L.J., Lin, J.Y., Luo, X., 1990. The relationship between credit and productivity in Chinese agriculture: A microeconomic model of disequilibrium. Am. J. Agric. Econ. 72, 1151-1157.
14. FGV, 2007. Preços Agropecuários. Available at (accessed July 2007).
15. Gasques, J.G., Bastos, E.T., Bacchi, M.P.R., Conceição, J.C.P.R., 2004. Condicionantes da Produtividade da Agropecuária Brasileira. Available at (accessed November 2007).
16. Gasques, J.G., Spolador, H.F.S., 2003. Taxa de juros e políticas de apoio interno à agricultura. Available at (accessed March 2008).
17. Goldin, I., Rezende, G.C., 1993. A agricultura brasileira na década de 80: crescimento numa economia em crise. IPEA, Rio de Janeiro, 119 pp.
18. Greene, W., 2003. Econometric Analysis. Pearson Education, Inc., NJ
19. Guedes Pinto, L.C., 1981. Grupos de interesse e crédito rural no Brasil. Revista de Economia e Sociologia Rural 19, 65-83.
20. Helfand, S.M., 2001. The distribution of subsidized agricultural credit in Brazil: Do interest groups matter? Development and Change, 32, Blackwell, Oxford, pp. 465-490.
21. IBGE, 1996. Censo Agropecuário 1995-1996. Available at (accessed October 2008).
22. IPEA, 2007. Preços. Available at (accessed July 2007).
23. Khandker, S.R., Binswanger, H.P., 1992. The impact of the formal finance on the rural economy of India. Working Paper WPS 949, World Bank Agriculture and Rural Development.
24. Lee, H., Chambers, R.G., 1986. Expenditure constraints and profit maximization in U.S. agriculture. Am. J. Agric. Econ. 68, 857-865.
25. McFadden, D., 1978. Duality of production, cost, and profit function. In: Fuss, M., McFadden, D., (Eds.), (Production Economics: A Dual Approach to Theory and Applications: The Theory of Production, Amsterdam, North Holland, pp. 1-216.
26. Muth, J.F., 1961. Rational expectations and the theory of price movements. Econometrica 29, 315-335.
27. Nerlove, M., 1956. Estimates of elasticities of supply of selected commodities. J. Farm Econ. 38, 496-509.
28. Nerlove, M., 1967. Distributed lags and unobserved components in economic time series. In: Feliner, W., (Ed.), Ten Economic Studies in the Tradition of Irving Fisher, Wiley, New York, pp. 137-168.
29. Nerlove, M., 1972. Lags in economic behavior. Econometrica 40, 221-251.
30. Nerlove, M., Bessler, D.A., 2001. Expectations, information and dynamics. In: Gardner, B., Rausser, G., (Eds.), (Handbook of Agricultural Economics, I. Elsevier, Amsterdam, pp. 156-206.
31. Nerlove, M., Fornari, I., 1988. Quasi-rational expectations, an alternative to fully rational expectations: An application to US beef cattle supply. J. Econ. 83, 129-161.
32. Nerlove, M., Ghether, D.M., Carvalho, J.L., 1995. Analysis of Econometric Time Series: A Synthesis (Revised Edition). Academic Press, Inc., San Diego, CA.
33. Nicolella, A.C., Dragone, D.S., Bacha, C.J.C., 2005. Determinantes da demanda de fertilizantes no Brasil no período de 1970 a 2002. Revista de Economia e Sociologia Rural, Rio de Janeiro, 43(1), 81-100.
34. Orazem, P., Miranowski, J., 1986. An indirect test for the specification of expectation regimes. Rev. Econ. Stat. 68, 603-609.
35. Petrick, M., 2004. A microeconometric analysis of credit rationing in the Polish farm sector. Europ. Rev. Agric. Econ. 31, 77-101.
36. Rezende, G.C., 1985. A Política Agrícola e a redução do subsídio do Crédito Rural. Texto para Discussão Interna n.° 72. Available at (accessed July 2007).
37. Sayad, J., 1984. Crédito rural no Brasil. FIPE/Pioneira, São Paulo
38. SINDAG, 2008. Vendas de Defensivos Agrícolas. Available at, accessed April 2008.
39. Stiglitz, J.E., Weiss, A., 1981. Credit rationing in markets with perfect information. Am. Econ. Rev. 71, 393-410.
40. Von Pishke, J.D., Adams, D.W., 1983. Fungibility and the design and evaluation of agricultural credit projects. In: Von Pishke, J.D., Adams, D.W., Gordon, D., (Eds.), (Rural Financial Markets in Developing Countries. The John Hopkins University Press, Baltimore, pp. 74-83.