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Does capital market structure affect farm investment ? A comparison using French and British farm-level panel data

Author

Listed:
  • Catherine Benjamin

    (ESR - Unité de recherche d'Économie et Sociologie Rurales - INRA - Institut National de la Recherche Agronomique)

  • Euan Phimister

    (University of Aberdeen)

Abstract

L'article a pour objectif de comparer si les différences d'organisation des marchés de crédit en France et Royaume-Uni ont une influence sur les décisions d'investissement des exploitants agricoles. En particulier on souhaite tester la sensibilité des décisions d'investissement aux variables financières et en particulier à la richesse interne. A partir de données de panel d'exploitations anglaises et françaises, plusieurs approches sont utilisées pour tester l'influence des contraintes d'accès au marché du crédit sur l'investissement (en particulier une équation d'investissement en q ; un modèle basé sur une équation d'Euler avec contrainte financière). Les résultats économétriques suggèrent que les décisions d'investissement ne sont pas influencées de manière similaire par les variables de cash flow.

Suggested Citation

  • Catherine Benjamin & Euan Phimister, 2002. "Does capital market structure affect farm investment ? A comparison using French and British farm-level panel data," Post-Print hal-01931576, HAL.
    • Handle: RePEc:hal:journl:hal-01931576
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    References listed on IDEAS

    as
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