Abstract
Original language | English |
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Pages (from-to) | 952-959 |
Number of pages | 8 |
Journal | American Journal of Agricultural Economics |
Volume | 77 |
Issue number | 4 |
DOIs | |
Publication status | Published - 1 Nov 1995 |
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Farm consumption behavior in the presence of uncertainty and restrictions on credit. / Phimister, E.
In: American Journal of Agricultural Economics, Vol. 77, No. 4, 01.11.1995, p. 952-959.Research output: Contribution to journal › Article
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TY - JOUR
T1 - Farm consumption behavior in the presence of uncertainty and restrictions on credit
AU - Phimister, E.
PY - 1995/11/1
Y1 - 1995/11/1
N2 - Farm consumption behavior has an important indirect role in determining the ability of farms to invest and grow. In this paper I examine the effect on farm consumption behavior of the presence of quantitative restrictions on farm borrowing. Using a form of the life cycle model which allows for both consumption and production by the household, the effect of borrowing restrictions on consumption behavior is tested econometrically for a sample of Dutch farm households. The results suggest that the life cycle model without borrowing restrictions is rejected by the data.
AB - Farm consumption behavior has an important indirect role in determining the ability of farms to invest and grow. In this paper I examine the effect on farm consumption behavior of the presence of quantitative restrictions on farm borrowing. Using a form of the life cycle model which allows for both consumption and production by the household, the effect of borrowing restrictions on consumption behavior is tested econometrically for a sample of Dutch farm households. The results suggest that the life cycle model without borrowing restrictions is rejected by the data.
UR - http://www.scopus.com/inward/record.url?eid=2-s2.0-0029473898&partnerID=MN8TOARS
U2 - 10.2307/1243818
DO - 10.2307/1243818
M3 - Article
VL - 77
SP - 952
EP - 959
JO - American Journal of Agricultural Economics
JF - American Journal of Agricultural Economics
SN - 0002-9092
IS - 4
ER -