Data/hora: 03/06/2024 10:57:18

Provedor de dados: 	31	
País: 	United States	
Título: 	FINANCIAL EXPOSURE, TECHNICAL CHANGE AND FARM EFFICIENCY: EVIDENCE FROM THE ENGLAND AND WALES DAIRY SECTOR	
Autores: 	Hadley,   David; Shankar,   Bhavani; Thirtle,   Colin G.; Coelli,   Tim J.	
Data: 	2001-05-23	
Ano: 	2001	
Palavras-chave: 	Livestock Production/Industries.	
Resumo: 	This paper fits a translog stochastic production frontier with inefficiency effects to a panel of 693 UK dairy farms for the period from 1982 to 1997. The Cobb Douglas is rejected as inadequate relative to the less restrictive translog functional form and the frontier model is statistically superior to the mean response function, despite the fact that on average the farms were 87% efficient. Technological progress, at 1.7% per annum, is the dominant force, but efficiency declined at 0.8% per year, which reduced productivity growth to 0.9% per annum. The inefficiencies are explained in the second stage of the model, where the greatest cause is financial exposure, captured here by the ratio of debts to assets. Older farmers, those in less favoured areas and owner-occupiers were also less efficient, but large farms were more efficient, which suggests increasing returns to scale.	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	2692

http://purl.umn.edu/20656	
Editor: 	AgEcon Search	
Relação: 	American Agricultural Economics Association&gt;2001 Annual meeting, August 5-8, Chicago, IL

Selected Paper	
Formato: 	15

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