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Development of the Financial System and Models of Financing Agricultural Enterprises: USA Experience

Author

Listed:
  • Olena Oliynyk-Dunn

    (National University of Life and Environmental Sciences of Ukraine, Kyiv, Ukraine)

Abstract

The aim of the study is to identify patterns in the relationship between the development of the financial system and the changes taking place in the models of financing agricultural enterprises in the United States, as a country that has both the most powerful financial system and one of the most developed agricultural sectors in the world. To analyze the level of development of the financial system, the author's technique - the model "3 + 3", based on the use of publicly available statistical data, was used. The correlation-regression analysis carried out did not reveal significant statistical dependencies between the integral indicators of the level of development of the financial system, as well as its individual components (banking and market), and most of the main indicators characterizing the financing models of agricultural enterprises in the United States. The significant relationship between the integral indicator of the level of development of the banking component of the financial system and the ratio of loans granted within the farmer's loan and by commercial banks to agricultural enterprises has been shown to illustrate the ability of the US financial system to effectively address debt financing problems in the agrarian sector during periods of crisis deployment and post-crisis stagnation in the economy.

Suggested Citation

  • Olena Oliynyk-Dunn, 2017. "Development of the Financial System and Models of Financing Agricultural Enterprises: USA Experience," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 91-99, September.
    • Handle: RePEc:iaf:journl:y:2017:i:3:p:91-99
    as

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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial system; enterprise financing model; crediting; linear regression; agriculture;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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