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Exploring the effect of crisis on cooperatives: A Bayesian performance analysis of French craftsmen cooperatives

Anne Musson and Damien Rousselière

No 279350, Working Papers from Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2)

Abstract: This paper aims at understanding the economic performance of craftsmen cooperatives during the crisis period. These cooperatives have the distinctive feature of being supply cooperatives. We use an exhaustive dataset for the French craftsmen cooperatives (2004-2014). We estimate Bayesian Translog econometric models in order to underline the impact of the 2008 crisis on these cooperatives. On the one hand, cooperatives’ turnover contracts during the crisis, the effect is lower for elder cooperatives and varies across sectors. On the other hand, there is convergence towards the mean for the various generations of cooperatives. Theses findings are robust to alternative econometric specifications.

Keywords: Agribusiness (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur and nep-hme
Date: 2018
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Working Paper: Exploring the effect of crisis on cooperatives: A Bayesian performance analysis of French craftsmen cooperatives (2018)
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