【英语翻译Anurbanbiasthatdepressedruralloanrepaymentandsavingscapacitiescharacterizedbothpublicinvestmentandmostofthesepoliciesbeforethestructuraladjustmentprogramsofrecentdecades(Krueger,Schiff,andValdes,1992;Valdes,199】

　　英语翻译

　　Anurbanbiasthatdepressedruralloanrepaymentandsavingscapacities

　　characterizedbothpublicinvestmentandmostofthesepoliciesbeforethestructural

　　adjustmentprogramsofrecentdecades(Krueger,Schiff,andValdes,1992;Valdes,

　　1996).Thesereformshaveonlypartiallyrevised,however,thepolicyenvironment

　　forruralproductiveactivities.Themarketsforseveralcropsarestilladministratively

　　controlledandeffectiveprotectionisnotuniformacrossproducts.Macroeconomic

　　stabilizationprogramsnotaccompaniedbyaneffectivereformofthestatehave

　　constrainedfiscalresourcesforinvestmentincriticalpublicgoodsneededtoimprove

　　theproductivityofresourcesinagriculture(Gonzalez-Vega,1998b).Theexpansion

　　ofruralfinancialmarketswillnotbevigorousaslongastheseconstraintsonthe

　　demandsideareinplace.