SCHEIDEL, Arnim and Katharine FARRELL. Small-scale cooperative banking and the production of capital: Reflecting on the role of institutional agreements in supporting rural livelihood in Kampot, Cambodia. Ecological Economics. Elsevier B.V., 2015, vol. 119, No 9, p. 230-240. ISSN 0921-8009. Available from: https://dx.doi.org/10.1016/j.ecolecon.2015.09.008.
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Basic information
Original name Small-scale cooperative banking and the production of capital: Reflecting on the role of institutional agreements in supporting rural livelihood in Kampot, Cambodia
Authors SCHEIDEL, Arnim (40 Austria, guarantor, belonging to the institution) and Katharine FARRELL (840 United States of America).
Edition Ecological Economics, Elsevier B.V. 2015, 0921-8009.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50200 5.2 Economics and Business
Country of publisher United States of America
Confidentiality degree is not subject to a state or trade secret
WWW URL
Impact factor Impact factor: 3.227
RIV identification code RIV/00216224:14230/15:00084190
Organization unit Faculty of Social Studies
Doi http://dx.doi.org/10.1016/j.ecolecon.2015.09.008
UT WoS 000364605400022
Keywords in English Cambodia; Community finance; Flow/fund theory; Institutional analysis; Small-farmers
Tags International impact, Reviewed
Changed by Changed by: Ing. Alena Raisová, učo 36962. Changed: 29/4/2016 18:11.
Abstract
This paper explores the ecological economics of small-scale cooperative banking (SSCB) through reference to the empirical case of a rice-farming village in Kampot, Cambodia. It combines Georgescu-Roegen's discussion of an economy's capacity to produce economic processes with Ostrom's concept of institutional performance, in order to address the implications and functioning of SSCB within a small-farmer economy. The local collective action situation of maintaining and making use of a SSCB system – a specific finance model – provides the studied community with access to a pooled capital fund that may play an important role in ensuring its capacity to produce and reproduce economic processes, according to its own specifications. The coordinated action among the villagers, which matches up well with Ostrom's criteria for effective institutional performance of common pool resource use governance, is found to include social and environmental dimensions, which we understand to be necessary for achieving transformations toward more sustainable economic activity. While we do not wish to suggest that the adoption of SSCB guarantees either improved ecological or social impacts, our results suggest that this finance model could play a supporting role in enhancing the potential of small-farming communities to improve both, should they wish to do so.
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