| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
The Impact of Food Price Shock on Heterogenous Credit Constrained Firms
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| Autores: |
Ciaian, Pavel
Kancs, d'Artis
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| Data: |
2009-06-22
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| Ano: |
2009
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| Palavras-chave: |
Credit constraint
Food price shock
Heterogeneous firms
Agricultural and Food Policy
Agricultural Finance
Production Economics
Q11
Q12
P23
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| Resumo: |
The paper analyses how the rising agricultural prices affect heterogenous farm access to inputs and production under credit market imperfections in the CEE transition countries. Using farm level panel data which contains 37416 observations, we estimate a farm credit constraint equation and find that small individual farms (IF) are on average more credit constrained than large corporate farms (CF). Using the estimated parameters we simulate the effect of the recent food price shock. Our results suggest that in the presence of credit market imperfections, the relatively less credit constrained CF benefit more from higher output prices than IF, as they are able to expand their production more flexibly. These findings have implications for the developing countries: not only consumers in the LDC may loose, but also producers, which on average are more credit constrained than farmers in developed countries, may loose their market shares and hence income in the log run.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/51428
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| Relação: |
International Association of Agricultural Economists>2009 Conference, August 16-22, 2009, Beijing, China
Contributed Paper
175
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| Formato: |
29
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