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Technology Adoption in French Agriculture and the Role of Financial Constraints AgEcon
Blancard, Stephane; Boussemart, Jean-Philippe; Briec, W.; Kerstens, Kristiaan.
Successive CAP reforms have increased the exposure of European agriculture to market forces. As a result, farmers have become preoccupied with their competitiveness and have progressively adopted best practices. However, these long-run technological adjustments could be slowed down by eventual shortrun financial constraints. This contribution measures the role of these financial constraints on the catching-up component of total factor productivity for a panel of French farmers in Nord-Pas-de-Calais region during 1994-2001. For TFP estimates based on non-parametric distance functions, the second stage econometric results indicate that the technological adaptation is significantly conditioned by financial constraints.
Tipo: Conference Paper or Presentation Palavras-chave: TFP catching-up; Distance function; Financial constraints; Agricultural Finance; Farm Management; Research and Development/Tech Change/Emerging Technologies.
Ano: 2008 URL: http://purl.umn.edu/44160
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Farmers’ Choice and Informal Credit Markets in China AgEcon
Yuan, Yan; Hu, Youxin; Gao, Ping.
Informal credit markets are very active in many developing countries including China. Informal financial associations have become a major channel of borrowing. Using data from the 2006 Rural Household Survey, this paper investigates farmers’ borrowings from both formal and informal sources with higher/lower interest, by looking into both demand and supply of loan. Consistent with the theory and previous studies, age follows an inverted U-shaped pattern in its relationship with the probability of borrowing from informal loan with higher interest. Our study shows that the impact of age disappears for the formal loan participation. In addition, high income and saving imply lower credit constraints. Moreover, household and county characteristics and financial...
Tipo: Conference Paper or Presentation Palavras-chave: Informal credit; Financial constraints; China; Agricultural Finance; Community/Rural/Urban Development; International Development; Q12; C5; G21.
Ano: 2011 URL: http://purl.umn.edu/103887
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