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Has Debt Restructuring Facilitatead Structural Transformation on Israeli Family Farms? Author info | Abstract | Publisher info | Download info | Related research | Statistics Kimhi, Ayal
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This paper analyzes structural transformation on Israieli family farms using longitudinal village-level data for the years 1992-2001, with particular emphases on the effects of the 1985 debt crisis and the subsequent 1992 debt settlement legislation. Dynamic panel GMM estimation reveals a negative effect of the amount of debt, and a positive effect of reaching a debt restructuring agreement, on farm size. Reaching an agreement also had an indirect negative effect on the shift to off-farm work. No significant effect was found on farm exits. This implies that the debt restructuring legislation accomplished its goal of rehabilitating the farm sector, at least to some extent.
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Paper provided by Hebrew University of Jerusalem, Department of Agricultural Economics and Management in its series Discussion Papers with number
37943.
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Date of creation: 2008Date of revision:
Handle: RePEc:ags:huaedp:37943Contact details of provider: Postal: Faculty of Agriculture, Food and Environmental Quality Sciences Hebrew University of Jerusalem, P.O. Box 12, Rehovot 76100 Phone: 08-9481230 Fax: 08-9466267 Web page: http://departments.agri.huji.ac.il/economics/indexe.html More information through EDIRC
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