|
|
|
|
|
| Petrick, Martin. |
| The objective of this paper is to empirically detect credit rationing of Polish farms. Based on cross-sectional survey data and motivated by a microeconomic farm household model, this effort is pursued by a methodology consisting of three interrelated steps. These steps include the analysis of qualitative survey data regarding farmers' experience with bank credit, based on this an econometric estimation of internal shadow prices of credit for the credit constrained sub-sample of respondents, and finally an investigation of interdependencies between determinants of consumption and production that should be influenced by the presence of a binding credit constraint. The results of the empirical analysis consistently suggest that among the observed randomly... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agriculture credit; Credit rationing; Interest subsidy; Microeconometrics; Poland; Agricultural Finance. |
| Ano: 2002 |
URL: http://purl.umn.edu/24951 |
| |
|
| |
|
|
| von Haefen, Roger H.. |
| This paper demonstrates how corner solutions raise difficulties for the specification, estimation, and use of incomplete demand systems for welfare measurement with disaggregate consumption data, as is common in the outdoor recreation literature. A simple analytical model of consumer behavior is used to elucidate the potential biases for welfare measurement arising from modeling the demand for M goods as a function of M + N prices (N > 1) and income when individuals do not consume all goods in strictly positive quantities. Results from a Monte Carlo experiment suggest that these biases can be substantial for large-scale policy shocks when prices are highly correlated. |
| Tipo: Journal Article |
Palavras-chave: Demand systems; Welfare analysis; Corner solutions; Microeconometrics; Environmental Economics and Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/59327 |
| |
|
|
| 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 |
| |
|
|
|
