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Registros recuperados: 9
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Credit Constraint and Non-separable Behavior of Rural Households — Evidence from China AgEcon
Zhao, Jianmei; Zhang, Jun.
This article addresses the separability issue in the context of Chinese rural households. Deviating from previous research, our test on separability is embedded in the capital market imperfections and from the perspective of farm living consumption and their production inputs. Our theoretical framework incorporates the credit constraint and predicts both separability and non-separability behavior from rural households. Empirical estimation presents the evidence of non-separability behavior for credit constrained farm families, while independent decisions on farm living consumption and their production inputs exist among unconstrained households. Our overall results reject the separability for financially constraint farm households in China.
Tipo: Presentation Palavras-chave: Credit constraint; Non-separable behavior; Switching regression; Agricultural Finance; Consumer/Household Economics; Q12; Q14; O18.
Ano: 2012 URL: http://purl.umn.edu/123950
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Der Wechsel vom konventionellen zum ökologischen Landbau: Eine investitionstheoretische Betrachtung AgEcon
Odening, Martin; Musshoff, Oliver; Utesch, Volker.
The objective of this paper is to explore the potential of the real options approach for analyzing farmers’ choice to switch from conventional to organic farming. Understanding the determinants of this decision is relevant in particular for agricultural policy makers when predicting the response of farmers to support programs. After a brief review of the existing literature on barriers to the adoption of organic farming a theoretical model is presented that allows one to incorporate two main features of the adoption decision, namely irreversibility and uncertainty of the returns. The real options model quantifies investment multiples that trigger the adoption of organic farming. Compared with neoclassical models it suggests an inertia of the respective...
Tipo: Journal Article Palavras-chave: Organic farming; Real options; Switching regression; Hysteresis; Farm Management.
Ano: 2004 URL: http://purl.umn.edu/97451
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Economic Impacts of Regional Approaches to Rural Development: Initial Evidence on the Delta Regional Authority AgEcon
Pender, John L.; Reeder, Richard J..
This study assesses the initial economic outcomes of the Delta Regional Authority (DRA), which began funding rural development projects in the Mississippi Delta region in 2002. The study focuses on non-metropolitan DRA counties and similar counties elsewhere in the Mississippi Delta region and the southeast, using a quasi-experimental approach that combines matching methods, double and triple difference and switching regression estimation. We find that per capita income and transfer payments grew more rapidly in DRA counties than similar non-DRA counties, and that these impacts are larger in counties in which DRA spending was larger. Each additional dollar of DRA spending per capita is associated with an increase of $15 in personal income per capita...
Tipo: Conference Paper or Presentation Palavras-chave: Rural economic development programs; Economic impacts; Mississippi Delta; Delta Regional Authority; Matching estimators; Double difference; Triple difference estimation; Switching regression; Community/Rural/Urban Development; Research Methods/ Statistical Methods; R58; R11; O18; C21.
Ano: 2010 URL: http://purl.umn.edu/60909
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Maximum likelihood estimation of endogenous switching regression models AgEcon
Lokshin, Michael; Sajaia, Zurab.
This article describes the movestay Stata command, which implements the maximum likelihood method to fit the endogenous switching regression model.
Tipo: Journal Article Palavras-chave: Movestay; Endogenous variables; Maximum likelihood; Limited dependent variables; Switching regression; Research Methods/ Statistical Methods.
Ano: 2004 URL: http://purl.umn.edu/116249
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Parametric and Non-Parametric Estimation of Soil Conservation Impact on Productivity in the Northwestern Ethiopian Highlands AgEcon
Kassie, Menale; Holden, Stein T..
The impact of fanya juu bunds on productivity in a high rainfall area in the Ethiopian highlands is analyzed based on data from a cross section household survey with multiple plot observations per household. The results from parametric and non-parametric analysis indicated that productivity from conserved plots was lower than from non-conserved plots. The Oaxaca-Blinder productivity decomposition results showed that there was little difference in plot characteristics between conserved and non-conserved plots, however the returns to those characteristics were higher for non-conserved plots. The sensitivity analysis, increasing fodder grass production on bunds, suggests that there are possibilities to make conserved plots as productive as non-conserved ones....
Tipo: Conference Paper or Presentation Palavras-chave: Yield decomposition; Soil conservation; Switching regression; Stochastic dominance analysis; Matching methods; Land Economics/Use; Productivity Analysis; C21; C23; Q12; Q15; Q16.
Ano: 2006 URL: http://purl.umn.edu/25281
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Soil conservation and technical efficiency among hillside farmers in Central America: a switching regression model AgEcon
Solis, Daniel; Bravo-Ureta, Boris E.; Quiroga, Ricardo E..
The main objective of this paper is to evaluate and analyse technical efficiency (TE) levels for hillside farmers under different levels of adoption of soil conservation in El Salvador and Honduras. A switching regression model is implemented to examine potential selectivity bias for high and low level adopters, and separate stochastic production frontiers, corrected for selectivity bias, are estimated for each group. The main results indicate that households with above-average adoption show statistically higher average TE than those with lower adoption. Households with higher adoption have smaller farms and display the highest partial output elasticity for land. Constraints in the land and credit markets are likely explanations for these differences. In...
Tipo: Article Palavras-chave: Central America; Soil conservation; Stochastic frontiers; Switching regression; Technical efficiency; Resource /Energy Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/118529
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The Economic Value of Education in Agricultural Production: A Switching Regression Analysis of Selected East Asian Countries AgEcon
Huang, Fung-Mey; Luh, Yir-Hueih.
The emphasis of education as a driving force for the growth of agricultural productivity can be dated back to the early 1960s. However, most empirical work failed to take into account of the fact that production technology changes with time and consequently obscure the true contribution of education in agricultural production. This study presents a more efficient version to testing the hypothesis that education plays a key role in agricultural development using a switching regression model. Because farmers’ ability to deal with disequilibria is allowed to change with education in the present setting, a concrete evidence of the key role of education is provided in the empirical analysis of eight East Asian countries. The results suggest that there exists a...
Tipo: Conference Paper or Presentation Palavras-chave: East Asian agricultural growth; Education; Switching regression; International Development; Labor and Human Capital; Productivity Analysis; O47; O57.
Ano: 2009 URL: http://purl.umn.edu/50928
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The effect of soil quality on fertilizer use rates among smallholder farmers in western Kenya AgEcon
Marenya, Paswel Phiri; Barrett, Christopher B..
Studies of fertilizer use in sub-Saharan Africa have been dominated by analyses of economic and market factors having to do with infrastructure, institutions, and incentives that prevent or foster increased fertilizer demand, largely ignoring how soil fertility status conditions farmer demand for fertilizer. We apply a switching regression model to data from 260 farm households in western Kenya in order to allow for the possibility of discontinuities in fertilizer demand based on a soil carbon content (SCC) threshold. We find that the usual factors reflecting liquidity and quasi-fixed inputs are important on high-SCC plots but not on those with poorer soils. External inputs become less effective on soils with low SCC, hence the discernible shift in...
Tipo: Conference Paper or Presentation Palavras-chave: Fertilizer demand; Fertilizer policy; Soil carbon; Soil organic matter; Switching regression; Agricultural and Food Policy; Crop Production/Industries; Q12; Q18; Q24.
Ano: 2009 URL: http://purl.umn.edu/51671
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Valuing the Option to Switch to Organic Farming: An Application to U.S. Corn and Soybeans AgEcon
Wossink, Ada; Kuminoff, Nicolai V..
Based on option value theory, we develop a theoretical model to assess the dollar compensation required for the conversion to organic farming. Our empirical model is a switching regression model with two regimes and we use county level data on organic and conventional corn and soybean production in the U.S. for the application. Assuming an interest rate of 10 percent, a conventional corn-soybean grower would need to receive a one-time payment of $315 per acre to compensate for the conversion cost and an additional $1,088 per acre to cover the long run higher production and market risks. The sum of these two values equals an annual payment of $228 per acre for a 10 year contact. The results are discussed in the context of the recently introduced...
Tipo: Conference Paper or Presentation Palavras-chave: Option theory; Organic farming; Direct payments; Switching regression; Conservation Security Program; Crop Production/Industries; D81; Q18.
Ano: 2005 URL: http://purl.umn.edu/24716
Registros recuperados: 9
Primeira ... 1 ... Última
 

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