Data/hora: 05/06/2024 01:25:30

Provedor de dados: | 31
País: | United States
Título: | Access to Credit, Factor Allocation and Farm Productivity: Evidence From the CEE Transition Economies
Autores: | Ciaian,   Pavel; Falkowski,   Jan; Kancs,   d'Artis.
Data: | 2010-05-03
Ano: | 2010
Palavras-chave: | Access to credit; Investment; Factor allocation; Productivity; Transition countries; Agricultural and Food Policy; Farm Management; Land Economics/Use; Q12; P14.
Resumo: | This paper analyses how farm access to credit affects farm input allocation and farm efficiency in the CEE countries. Drawing on a unique farm level panel data with 37,409 observations and employing a matching estimator we are able to control for the key source of endogeneity – unoberserved heterogeneity. We find that farms are credit constrained both in the short-run as well as in the long-run, but that credit constraint is asymmetric between inputs. Our estimates suggest that farm access to credit increases TFP up to 1.9% per 1000 EUR of additional credit. The use of variable inputs and capital investment increases up to 2.3% and 29%, respectively, per 1000 EUR of additional credit. Due to credit-financed investment in labour-saving farm equipment, labour use reduces for low level of credit Farms are found not to be credit constrained with respect to land.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês
Identificador: | http://purl.umn.edu/61347
Relação: | European Association of Agricultural Economists&gt;114th Seminar, April 15-16, 2010, Berlin, Germany
Formato: | 31