INVESTIGATING THE "COMPLEMENTARITY HYPOTHESIS" IN GREEK AGRICULTURE: AN EMPIRICAL ANALYSIS

Constantinos Katrakilidis and Nikolaos M. Tabakis

Journal of Agricultural and Applied Economics, 2001, vol. 33, issue 01, 10

Abstract: This study investigates determinants of private capital formation in Greek agriculture and tests the "complementarity" against the "crowding out" hypothesis using multivariate cointegration techniques and ECVAR modeling in conjunction with variance decomposition and impulse response analysis. The results provide evidence of a significant positive causal effect of government spending on private capital formation, thus supporting the "complementarity" hypothesis for Greek agriculture.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 2001
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Journal Article: Investigating the “Complementarity Hypothesis” in Greek Agriculture: An Empirical Analysis (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15292

DOI: 10.22004/ag.econ.15292

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