Dynamics of Investment for Market-Oriented Farmers in Chile

Alvaro Reyes (), Robert Lensink, Arie Kuyvenhoven and Henk Moll

No 126218, 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil from International Association of Agricultural Economists

Abstract: Using panel data from a survey conducted in 2006 and 2008 of 177 market-oriented farmers in central Chile, we investigate investment under imperfect capital markets. Specifically we determine the impact of formal credit constraints on fixed investment. By controlling for endogeneity problems, we find credit constraints to have a significant negative impact on fixed investment. In addition, a time trend is significant, which we understand as evidence of the impact of the global financial crisis of 2007.

Keywords: Agricultural Finance; Financial Economics; International Development; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 38
Date: 2012-08
New Economics Papers: this item is included in nep-agr and nep-lam
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae12:126218

DOI: 10.22004/ag.econ.126218

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