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	Provedor de dados AgEcon (1) Autor Gardebroek, Cornelis (1) Palavra-chave Euler equation (1) GMM (1) Investment (1) Livestock Production/Industries (1) Manure production rights (1) Panel data (1) Pig farms (1) Structural break testing (1) Mais... Tipo do documento Conference Paper or Presentation (1) Ano 2001 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última THE IMPACT OF MANURE PRODUCTION RIGHTS ON CAPITAL INVESTMENT IN THE DUTCH PIG SECTOR AgEcon Gardebroek, Cornelis. In this paper the effect of manure production rights on investment decisions of Dutch pig farmers is examined. A dynamic optimization model of investment that explicitly takes zero investments into account is augmented by a constraint on production arising from the introduction of manure production rights. In the theoretical model it is shown that such a constraint has a reducing effect on investment. The presence of this constraint is tested for using GMM structural break tests. The results provide evidence for the hypothesis that manure production rights have reduced investments through its effect on production. Tipo: Conference Paper or Presentation Palavras-chave: Investment; Manure production rights; Euler equation; GMM; Structural break testing; Panel data; Pig farms; Livestock Production/Industries. Ano: 2001 URL: http://purl.umn.edu/20490 Registros recuperados: 1 Primeira ... 1 ... Última

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