Data/hora: 05/06/2024 12:34:35

Provedor de dados: | 31
País: | United States
Título: | Excess Capital in Agricultural Production
Autores: | Kumbhakar,   Subal C.; Guan,   Zhengfei; Oude Lansink,   Alfons G.J.M.
Data: | 2007-06-27
Ano: | 2007
Palavras-chave: | Agricultural production; Capital requirement; Endogeneity; Excess capital; Fixed effect; Maximum likelihood estimation; Stochastic frontier; Production Economics.
Resumo: | In this article we propose a theoretical model for analyzing capital requirement in agricultural production and define excess capital thereupon. We develop a two-step method that allows endogenous regressors in the maximum likelihood estimation. The two-step procedure is also capably of recovering the parameters of time invariant variables in fixed effect models. The model and method are applied to a capital requirement study using data from cash crop farms in the Netherlands. Empirical results show that excess capital widely exists on the farm. The implications of excess capital are further demonstrated with a production frontier analysis.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês

Identificador:

26342

http://purl.umn.edu/9813

Editor: | AgEcon Search

Relação:

American Agricultural Economics Association&gt;2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon

Selected Paper 174010

Formato:

32

application/pdf