Farm growth in Hungary, Slovenia and France
AbstractThe article investigates the validity of Gibrat’s Law for French, Hungarian and Slovenian farms with FADN data and Heckman selection models, quantiles regressions and panel unit root tests. The contribution to the literature is threefold. First, we compare farm growth in countries with rather different farm structures. Second, we apply two different testing techniques. Finally, we focus on specialised crop and dairy farms rather than all farms, avoiding biases due to heterogeneous structures across the agricultural sector. Results reject the Gibrat’s Law for crop farms in France (except for one sub-period) and Hungary but confirm it for French and Slovenian dairy farms.
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Bibliographic InfoPaper provided by European Association of Agricultural Economists in its series 114th Seminar, April 15-16, 2010, Berlin, Germany with number 60911.
Date of creation: 2010
Date of revision:
farm growth; Gibrat's Law; panel unit root; quintile regression; Agricultural and Food Policy; Farm Management;
This paper has been announced in the following NEP Reports:
- NEP-AGR-2010-05-22 (Agricultural Economics)
- NEP-ALL-2010-05-22 (All new papers)
- NEP-EUR-2010-05-22 (Microeconomic European Issues)
- NEP-TRA-2010-05-22 (Transition Economics)
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