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| Petrick, Martin. |
| The aim of this paper is to empirically analyse the effects of governmentally promoted credit access on the investment behaviour of credit rationed farmers. This is done by specifying an empirical investment equation which is estimated on a cross-sectional sample of Polish farm household data. In contrast to conventional neo-classical investment models, the investment equation contains the financial variable long-term credit access, which plays the central role in this study. The econometric analysis is used to analyse the determinants of credit access and estimate the marginal effect of credit on investment, which in turn provides the key information for policy evaluation. The results suggest that access to subsidised credit has a significant role in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm investment; Credit policy; Poland; Microeconometrics; Agricultural Finance; Q12; Q14; P32. |
| Ano: 2002 |
URL: http://purl.umn.edu/14872 |
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