Impacts of the government-supported investments on the economic farm performance in Austria

Stefan Kirchweger, Jochen Kantelhardt and Friedrich Leisch
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Stefan Kirchweger: Institute of Agricultural and Forestry Economics at the University of Natural Resources and Life Sciences, Vienna, Austria
Jochen Kantelhardt: Institute of Agricultural and Forestry Economics at the University of Natural Resources and Life Sciences, Vienna, Austria
Friedrich Leisch: Institute of Agricultural and Forestry Economics at the University of Natural Resources and Life Sciences, Vienna, Austria

Agricultural Economics, 2015, vol. 61, issue 8, 343-355

Abstract: Farm investments in the European Union are supported by the governmental programmes. The evaluation of this programme is challenged through the voluntary participation and heterogeneous observation units. Therefore, we combine the Matching Method with the Difference-in-Difference estimation in order to overcome these problems and to estimate the impact of supported farm-investment activities on the economic performance of the Austrian farm holdings. In particular, we detect an increase in production, land renting and capital borrowing. Furthermore, a shift from the non-farm to farm activities, but with no statistically significant impact on the total income is shown.

Keywords: farm-investment support programme; selection bias; matching; conditional Difference-in-Difference estimation (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnlage:v:61:y:2015:i:8:id:250-2014-agricecon

DOI: 10.17221/250/2014-AGRICECON

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