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| Kataria, Karin; Curtiss, Jarmila; Balmann, Alfons. |
| This paper aims to identify drivers of physical capital adjustments in agriculture. It begins with a review of some of the most important theories and modelling approaches regarding firms’ adjustments of physical capital, ranging from output-based models to more recent approaches that consider irreversibility and uncertainty. Thereafter, it is suggested that determinants of physical capital adjustments in agriculture can be divided into three main groups, namely drivers related to: i)expected (risk-adjusted) profit, ii) expected societal benefits and costs and iii) expected private nonpecuniary benefits and costs. The discussion that follows focuses on the determinants belonging to the first group and covers aspects related to product market conditions,... |
| Tipo: Working Paper |
Palavras-chave: Drivers; Agriculural physical capital; Theoretical framework; Hypotheses; Farm Management; Risk and Uncertainty. |
| Ano: 2012 |
URL: http://purl.umn.edu/122842 |
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| Buchenrieder, Gertrud; Mollers, Judith. |
| Employment diversification is a major livelihood strategy in rural areas and is thus a focal point of the ongoing rural development debate. The issue of non-farm diversification is undoubtedly complex and its determinants are difficult to identify. Increasingly, there is a need to address, clarify and bring together theoretical concepts for analysing non-farm rural employment (NFRE). With this in mind, the objective of this paper is to summarize and link existing theories and to introduce some new aspects with regard to modelling NFRE and employment diversification. NFRE dynamics are closely interrelated with the institutional framework and its incentives and constraints. The behaviour of rural decision-makers also depends on fundamental determinants such... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Rural non-farm employment; Diversification; Theoretical framework; Labor and Human Capital; O18; Q12. |
| Ano: 2006 |
URL: http://purl.umn.edu/25475 |
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