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Technology Adoption in French Agriculture and the Role of Financial Constraints 31
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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