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Kelvin Balcombe Laure Latruffe Mizanur Rahman Laurence Smith 《Applied economics》2013,45(15):1919-1925
In this article we examine sources of technical efficiency for rice farming in Bangladesh. The motivation for the analysis is the need to close the rice yield gap to enable food security. We employ the DEA double bootstrap of Simar and Wilson (2007) to estimate and explain technical efficiency. This technique overcomes severe limitations inherent in using the two-stage DEA approach commonly employed in the efficiency literature. From a policy perspective our results show that potential efficiency gains to reduce the yield gap are greater than previously found. Statistically positive influences on technical efficiency are education, extension and credit, with age being a negative influence. 相似文献
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Edith Ginglinger Laure Matsoukis Fabrice Riva 《Journal of Business Finance & Accounting》2013,40(1-2):215-238
This paper examines the impact of market liquidity on seasoned equity offerings (SEO) characteristics in France. We find that, besides blockholders’ takeup, liquidity is an important determinant of SEO flotation method choice. We document higher direct equity offering flotation costs, but also improved stock market liquidity after public offerings and standby rights relative to uninsured rights. After controlling for endogeneity in the choice of SEO flotation method, we find that pure public offerings and standby rights are comparable in terms of direct costs and liquidity improvement. Our results provide new insights as to why firms choose public offerings despite apparently higher costs. 相似文献
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We present a micro‐econometric analysis of agricultural credit market outcomes in Poland that investigates the relationship between contractual arrangements and interest rates. An innovative theoretical framework based on a hedonic market model is developed. We interpret the factors that influence interest rates as ‘quality’ components of the credit contract. Using unique data allows us to consider both nominal interest rates and additional bank fees. The results show that banks have preferences for particularly liquid types of collateral, whereas they care little about the purpose for which the loan is used. Furthermore, the analysis allows quantification of the effects of socioeconomic attributes of farmers, different lending sources and government subsidies on interest rates. The latter effect is small compared with the officially declared reduction of the nominal interest rate. A simulation shows that enabling more borrowers to use liquid forms of collateral implies lower rates than those obtained by participating in the subsidy programme. 相似文献
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This article investigates why farmers in Kosovo leave land fallow when their farms’ total land area is small and households, almost fully dependent on farming for their livelihoods, are large. It uses a comprehensive survey carried out during the agricultural year 2005/2006 to explore agricultural households’ perceptions of production, market conditions and general security 6 years after the end of the military conflict in the former Yugoslavia. Several locational, household and farm characteristics empirically approximate the significance of different factors for the amount of land left idle. Two different econometric models are used to address the characteristics of the dependent variable distribution by accounting for endogeneity. The main determinants of the share of land left fallow are found to be related to the economic and institutional structure, and to the general feeling of insecurity. 相似文献
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This paper provides the first analysis of the relationship between farm financial structure and technical efficiency in Central and Eastern European farming during the transition to a market economy. First, technical efficiency scores for a sample of Czech farms are computed with data envelopment analysis, accounting for sampling variability by using the Simar and Wilson bootstrapping procedure. The confidence intervals show that corporate livestock farms are the most homogenous in terms of technical efficiency. Second, a Tobit model is applied for the investigation of factors, including financial considerations, which influence the variation in technical efficiency. The potential endogeneity of the financial variables in the explanation of efficiency is examined, following Smith and Blundell. The Amemiya estimator is used for those cases which are revealed as endogenous. The analysis indicates substantial differences in the way in which the different management structures are treated by lenders. De novo, individual farms are subject to stringent evaluation of their loan applications, which is not the case for the successors of the former collective and state farms. 相似文献
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This paper investigates the differences in technical efficiency and productivity change, and the technology gaps, between French and Hungarian farms in the dairy and cereal, oilseed and protein crops (COP) sectors during the period 2001–2007. The analyses were performed with national Farm Accountancy Data Network (FADN) data and the Data Envelopment Analysis (DEA) approach under each country's respective frontier and under a metafrontier.Results reveal that French COP farms were on average more efficient under their own technology than Hungarian farms under theirs, but there was no difference between the two countries for dairy farms. However, metatechnology ratios calculated with the construction of the metafrontier indicate that Hungarian technology was the more productive in both the dairy and the COP sectors, but more noticeably in COP production. 相似文献
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Application of a double bootstrap to investigation of determinants of technical efficiency of farms in Central Europe 总被引:1,自引:1,他引:0
The paper provides one of the first applications of the double bootstrap procedure (Simar and Wilson 2007) in a two-stage estimation of the effect of environmental variables on non-parametric estimates of technical efficiency.
This procedure enables consistent inference within models explaining efficiency scores, while simultaneously producing standard
errors and confidence intervals for these efficiency scores. The application is to 88 livestock and 256 crop farms in the
Czech Republic, split into individual and corporate.
相似文献
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