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Technology Adoption in French Agriculture and the Role of Financial Constraints

Author

Listed:
  • Blancard, Stephane
  • Boussemart, Jean-Philippe
  • Briec, W.
  • Kerstens, Kristiaan

Abstract

Successive 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 long-run technological adjustments could be slowed down by eventual shortrun 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 non-parametric distance functions, the second stage econometric results indicate that the technological adaptation is significantly conditioned by financial constraints.

Suggested Citation

  • 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.
    • Handle: RePEc:ags:eaae08:44160
    DOI: 10.22004/ag.econ.44160
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    Keywords

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    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; 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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