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Access to Credit, Factor Allocation and Farm Productivity: Evidence From the CEE Transition Economies AgEcon
Ciaian, Pavel; Falkowski, Jan; Kancs, d'Artis.
This paper analyses how farm access to credit affects farm input allocation and farm efficiency in the CEE countries. Drawing on a unique farm level panel data with 37,409 observations and employing a matching estimator we are able to control for the key source of endogeneity – unoberserved heterogeneity. We find that farms are credit constrained both in the short-run as well as in the long-run, but that credit constraint is asymmetric between inputs. Our estimates suggest that farm access to credit increases TFP up to 1.9% per 1000 EUR of additional credit. The use of variable inputs and capital investment increases up to 2.3% and 29%, respectively, per 1000 EUR of additional credit. Due to credit-financed investment in labour-saving farm equipment,...
Tipo: Conference Paper or Presentation Palavras-chave: Access to credit; Investment; Factor allocation; Productivity; Transition countries; Agricultural and Food Policy; Farm Management; Land Economics/Use; Q12; P14.
Ano: 2010 URL: http://purl.umn.edu/61347
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Autocracies and Development in a Global Economy: A Tale of Two Elites AgEcon
Akerman, Anders; Larsson, Anna; Naghavi, Alireza.
Current version uploaded April 2013.
Tipo: Working or Discussion Paper Palavras-chave: Development; Economic Institutions; Political Institutions; Trade; Capital Mobility; Capital Accumulation; Comparative Advantage; Capital Mobility; F10; F20; P14; P16; O10; O24.
Ano: 2011 URL: http://purl.umn.edu/115848
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Institutional Change in East German Water Management Systems AgEcon
Schleyer, Christian.
Like in many fen land regions in East Germany, long-standing intensive arable farming -enabled by reclamation - has caused soil deterioration and high water runoff in the Schraden region. More than ten years of economic and political transformation that followed the breakdown of the socialist regime has worsened the situation and even added new problems. The visible consequences are droughts in the summer, waterlogged plots in the spring, and worn-down water management facilities that operate in an uncoo rdinated or unautho rized way. Given the local public good character of so me features of the fen land, the common-pool character of the intermittently scarce resource water within the ecosystem, and the conflicting interests of regional stakeholders, it...
Tipo: Conference Paper or Presentation Palavras-chave: Institutional and Behavioral Economics; Resource /Energy Economics and Policy; H41; P14; P32; Q15; Q25.
Ano: 2006 URL: http://purl.umn.edu/25729
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