Dynamics of Investment for Market-Oriented Farmers in Chile

A. Reyes, A. Kuyvenhoven, R. Lensink, H.A.J. Moll

Research output: Chapter in Book/Report/Conference proceedingConference paperAcademic

Abstract

Using panel data from a survey conducted in 2006 and 2008 of 177 market-oriented farmers in central Chile, we investigate investment under imperfect capital markets. Specifically we determine the impact of formal credit constraints on fixed investment. By controlling for endogeneity problems, we find credit constraints to have a significant negative impact on fixed investment. In addition, a time trend is significant, which we understand as evidence of the impact of the global financial crisis of 2007.
Original languageEnglish
Title of host publication28th International Conference of Agricultural Economists The Global Bio-Economy, Foz do Iguacu, Brazil, 18 - 24 August, 2012
Place of PublicationFoz do Iguacu, Brazil
Pages224
Publication statusPublished - 2012
Event28th International Conference of Agricultural Economists, The Global Economy, Foz do Iguacu, Brazil -
Duration: 18 Aug 201224 Aug 2012

Conference

Conference28th International Conference of Agricultural Economists, The Global Economy, Foz do Iguacu, Brazil
Period18/08/1224/08/12

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