East-West European farm investment behaviour: The role of financial constraints and public support
The article investigated farm investment behaviour among East (Hungarian and Slovenian) and West (French) European Union farms using individual farm accountancy panel data for the 2003-2008 period. Despite differences in farm structures, except for the presence of capital market imperfections eviden...
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| Veröffentlicht in: | Spanish journal of agricultural research : SJAR 2017, Vol.15 (1) |
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| container_title | Spanish journal of agricultural research : SJAR |
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| creator | Fertő, Imre Bakucs, Lajos Zoltán Bojnec, Stefan Latruffe, Laure |
| description | The article investigated farm investment behaviour among East (Hungarian and Slovenian) and West (French) European Union farms using individual farm accountancy panel data for the 2003-2008 period. Despite differences in farm structures, except for the presence of capital market imperfections evidenced in the East, farms’ investment behaviour was not substantially different. Farm gross investment was positively associated with real sales’ growth. In addition, it was positively associated with public investment subsidies which can mitigate capital market imperfections in the short-term. On the long run, the farm’s ability to successfully compete in the output market by selling produce and securing a sufficient cash flow for investment is crucial. |
| doi_str_mv | 10.5424/sjar/2017151-10252 |
| format | Article |
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| identifier | ISSN: 1695-971X |
| ispartof | Spanish journal of agricultural research : SJAR, 2017, Vol.15 (1) |
| issn | 1695-971X 2171-9292 2171-9292 |
| language | eng |
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| source | DOAJ Directory of Open Access Journals; Dialnet; EZB-FREE-00999 freely available EZB journals |
| subjects | European Union farm credit investment subsidy Life Sciences panel data analysis soft budget constraint |
| title | East-West European farm investment behaviour: The role of financial constraints and public support |
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