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dc.contributor.authorNasr, Anthony Tanios
dc.date.accessioned2017-07-07T12:48:50Z
dc.date.available2017-07-07T12:48:50Z
dc.date.issued2017-05-30
dc.identifier.otherNasr_cornell_0058O_10084
dc.identifier.otherhttp://dissertations.umi.com/cornell:10084
dc.identifier.otherbibid: 9948905
dc.identifier.urihttps://hdl.handle.net/1813/51681
dc.description.abstractThe rise in weather shocks in Kenya has compromised farmers’ ability to smooth consumption, rendering farmers more vulnerable. In light of this development, it is essential to analyze the relationship between that vulnerability and the usage of different financial services, and the reverse role of vulnerability on the take up of these services. I run a simultaneous three-stage-least square model to control for the endogeneity and identify the interplay between usage of credit, savings, and vulnerability. I find that no variable significantly influences the usage of any form of credit, which has a significant and positive impact on savings and vulnerability through loans from informal sources. I also find strong evidence of a substitution effect between taking loans from formal sources and taking loans from informal sources, since the two are asymmetrically correlated with vulnerability. External credit rationing is the most likely culprit. Additionally, I demonstrate that financial penetration does not guarantee the usage of services such as credit, and is therefore insufficient in tackling vulnerability.
dc.language.isoen_US
dc.subjectCredit
dc.subjectFinancial Inclusion
dc.subjectInformal Loans
dc.subjectKenya
dc.subjectSavings
dc.subjectVulnerability
dc.subjectAgriculture economics
dc.titleThe Interplay of Credit, Savings, and Vulnerability: A Study of Financial Inclusion in Kenya
dc.typedissertation or thesis
thesis.degree.disciplineApplied Economics and Management
thesis.degree.grantorCornell University
thesis.degree.levelMaster of Science
thesis.degree.nameM.S., Applied Economics and Management
dc.contributor.chairTurvey, Calum G
dc.contributor.committeeMemberWoodard, Joshua D
dcterms.licensehttps://hdl.handle.net/1813/59810
dc.identifier.doihttps://doi.org/10.7298/X4MG7MMV


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