Responsiveness of farm investment to price changes: evidence from the French crop sector
نویسندگان
چکیده
In this article, we investigate the investment behaviour of French crop farmers between 2002 and 2014, with a focus on their adjustments to prices farm output prices, which became more volatile after 2007. We estimate an econometric model accounting for heterogeneity allowing change in behavioural parameters Our results show evidence significant large investments over time, related farmers’ preferences towards risk, can explain relative stability period, despite strong increase price levels volatility
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ژورنال
عنوان ژورنال: Applied Economics
سال: 2021
ISSN: ['0003-6846', '1466-4283']
DOI: https://doi.org/10.1080/00036846.2021.1890686