The economics of rotating savings and credit associations: evidence from the Jamaican 'Partner'
Using a unique sample of rotating savings and credit association (Rosca) members from Jamaica, we provide the first econometric tests of the recent theoretical advances in the literature on Roscas, and find considerable support for an economic theory of Roscas. We find, for example, that payments to...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
Elsevier
1999
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/171035 |
| _version_ | 1855518713223053312 |
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| author | Handa, Sudhanshu Kirton, Claremont |
| author_browse | Handa, Sudhanshu Kirton, Claremont |
| author_facet | Handa, Sudhanshu Kirton, Claremont |
| author_sort | Handa, Sudhanshu |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Using a unique sample of rotating savings and credit association (Rosca) members from Jamaica, we provide the first econometric tests of the recent theoretical advances in the literature on Roscas, and find considerable support for an economic theory of Roscas. We find, for example, that payments to the Rosca leader significantly enhance the sustainability of the Rosca, and that the contractual relationship between the leader and other Rosca members is transaction cost minimizing' when the degree of asset specificity is higher the contract is more flexible. Other theoretical predictions we validate are the inverse relationship between size of Rosca and size of contribution, and the use of Rosca funds for durable goods purchase. |
| format | Journal Article |
| id | CGSpace171035 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1999 |
| publishDateRange | 1999 |
| publishDateSort | 1999 |
| publisher | Elsevier |
| publisherStr | Elsevier |
| record_format | dspace |
| spelling | CGSpace1710352025-02-19T14:00:26Z The economics of rotating savings and credit associations: evidence from the Jamaican 'Partner' Handa, Sudhanshu Kirton, Claremont informal sector transaction costs Using a unique sample of rotating savings and credit association (Rosca) members from Jamaica, we provide the first econometric tests of the recent theoretical advances in the literature on Roscas, and find considerable support for an economic theory of Roscas. We find, for example, that payments to the Rosca leader significantly enhance the sustainability of the Rosca, and that the contractual relationship between the leader and other Rosca members is transaction cost minimizing' when the degree of asset specificity is higher the contract is more flexible. Other theoretical predictions we validate are the inverse relationship between size of Rosca and size of contribution, and the use of Rosca funds for durable goods purchase. 1999-10 2025-01-29T12:57:37Z 2025-01-29T12:57:37Z Journal Article https://hdl.handle.net/10568/171035 en Limited Access Elsevier Handa, Sudhanshu; Kirton, Claremont. 1999. The economics of rotating savings and credit associations: evidence from the Jamaican 'Partner'. Journal of Development Economics 60(1): 173-194. https://doi.org/10.1016/S0304-3878(99)00040-1 |
| spellingShingle | informal sector transaction costs Handa, Sudhanshu Kirton, Claremont The economics of rotating savings and credit associations: evidence from the Jamaican 'Partner' |
| title | The economics of rotating savings and credit associations: evidence from the Jamaican 'Partner' |
| title_full | The economics of rotating savings and credit associations: evidence from the Jamaican 'Partner' |
| title_fullStr | The economics of rotating savings and credit associations: evidence from the Jamaican 'Partner' |
| title_full_unstemmed | The economics of rotating savings and credit associations: evidence from the Jamaican 'Partner' |
| title_short | The economics of rotating savings and credit associations: evidence from the Jamaican 'Partner' |
| title_sort | economics of rotating savings and credit associations evidence from the jamaican partner |
| topic | informal sector transaction costs |
| url | https://hdl.handle.net/10568/171035 |
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