Technology Adoption in French Agriculture and the Role of Financial Constraints
AbstractSuccessive CAP reforms have increased the exposure of European agriculture to market forces. As a result, farmers have become preoccupied with their competitiveness and have progressively adopted best practices. However, these longrun technological adjustments could be slowed down by eventual short-run financial constraints. This contribution measures the role of these financial constraints on the catching-up component of total factor productivity for a panel of French farmers in Nord-Pas-de-Calais region during 1994-2001. For TFP estimates based on nonparametric distance functions, the second stage econometric results indicate that the technological adaptation is significantly conditioned by financial constraints.
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Bibliographic InfoPaper provided by INRA UMR CESAER, Centre d’Economie et Sociologie appliquées à l’Agriculture et aux Espaces Ruraux in its series INRA UMR CESAER Working Papers with number 2007/1.
Date of creation: 15 Mar 2007
Date of revision:
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More information through EDIRC
Agriculture; TFP catching-up; Distance function; Financial constraints;
Other versions of this item:
- Blancard, Stephane & Boussemart, Jean-Philippe & Briec, W. & Kerstens, Kristiaan, 2008. "Technology Adoption in French Agriculture and the Role of Financial Constraints," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44160, European Association of Agricultural Economists.
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
- Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
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