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- W154726898 abstract "This paper analyzes the factor determining the presence and spread of agrarian creditcooperatives (rural savings banks) in Spain during the first third of the 20th century. We firstprovide descriptive evidence on the evolution of the number of agricultural cooperatives andthen we analyze their economic and financial activity. We emphasize that the role of the publicsector in this process is not always positive. Panel data estimates attest that the number ofcredit cooperatives is higher in regions with a higher number of potential competitors, i.e. savingbanks and public granaries, also called positos. We also find that the higher the number ofcompetitors in a year, the lower the number of cooperatives in the next year. As expected, thelevel of literacy of the population in a region determines the presence of credit cooperatives inthat region." @default.
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- W154726898 date "2011-01-01" @default.
- W154726898 modified "2023-09-23" @default.
- W154726898 title "Factors behind the presence of agricultural credit cooperatives in Spain, 1900-1935: an econometric model" @default.
- W154726898 hasPublicationYear "2011" @default.
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