FARM FIRM MICRO-ECONOMETRIC MODELLING:EMPIRICAL EVIDENCE FROM RUSSIAN DAIRY FARMING

Irina V. Bezlepkina, Alfons Oude Lansink () and Arie J. Oskam

No 20464, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study develops a micro econometric model of specialised dairy farms in Moscow Region using panel data over the period 1995-1998. The model is used to analyse the role of input and output subsidies in the on-farm decision making. Theoretical conditions for short term profit maximization and the fixed effect specification are not rejected by the data. Estimates of the parameters related to input and output subsidies are found to be highly significant. The effect of output subsidies on milk output supply is larger then the price effect. Output subsidies are allocated efficiently in the period 1996-1998 and inefficiently in 1995; input subsidies are allocated efficiently in 1995 and inefficiently in 1996-1998.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 19
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20464

DOI: 10.22004/ag.econ.20464

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