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| Katchova, Ani L.; Nam, Sangjeong. |
| We applied the migration approach to credit scoring measurement to determine how ratings, focused on farm characteristics such as farm size, age, and farm business type, change across business cycles. The empirical results from analyzing migration matrices using data from FBFM suggest that old, large and grain farms are more likely to upgrade their classes, while young, small, livestock farms are likely to downgrade. The migration matrices for each characteristic across the business cycles show that all farm businesses (except small, livestock farms) have a tendency to deteriorate during the recession cycles regardless of their characteristics. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Migration matrix; Business cycle; Path independence; Agricultural Finance. |
| Ano: 2005 |
URL: http://purl.umn.edu/19451 |
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| Wagner, Joachim. |
| This paper uses an unbalanced panel data set for exporting firms from manufacturing industries in one German federal state, Lower Saxony, to investigate the micro-structure of the recent export boom. Looking at data for 1995/96 to 2001/02 it is demonstrated that a considerable number of plants starts and stops exporting in each year, but that most of the export dynamics is due to positive and negative changes of exports in plants that continue to export. A small fraction made of four to five percent of all exporting plants is responsible for around 70 to 80 percent of the gross increase in exports. Firms with expanding and contracting exports are found simultaneously in all broad sectors, technology classes and firm size classes. Patterns of export... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Exports; Business cycle; Establishment panel data; International Relations/Trade; F14; E32. |
| Ano: 2003 |
URL: http://purl.umn.edu/26134 |
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