| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Access to Credit, Factor Allocation and Farm Productivity: Evidence From the CEE Transition Economies
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| Autores: |
Ciaian, Pavel
Falkowski, Jan
Kancs, d'Artis
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| Data: |
2010-05-03
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| Ano: |
2010
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| Palavras-chave: |
Access to credit
Investment
Factor allocation
Productivity
Transition countries
Agricultural and Food Policy
Farm Management
Land Economics/Use
Q12
P14
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| Resumo: |
This paper analyses how farm access to credit affects farm input allocation and farm efficiency in the CEE countries. Drawing on a unique farm level panel data with 37,409 observations and employing a matching estimator we are able to control for the key source of endogeneity – unoberserved heterogeneity. We find that farms are credit constrained both in the short-run as well as in the long-run, but that credit constraint is asymmetric between inputs. Our estimates suggest that farm access to credit increases TFP up to 1.9% per 1000 EUR of additional credit. The use of variable inputs and capital investment increases up to 2.3% and 29%, respectively, per 1000 EUR of additional credit. Due to credit-financed investment in labour-saving farm equipment, labour use reduces for low level of credit Farms are found not to be credit constrained with respect to land.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/61347
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| Relação: |
European Association of Agricultural Economists>114th Seminar, April 15-16, 2010, Berlin, Germany
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| Formato: |
31
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