|
AgEcon Search >
European Association of Agricultural Economists >
2008 International Congress, August 26-29, 2008, Ghent, Belgium >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/44461
|
| Title: | Dynamics of income, wealth and capital in Norwegian farm household accounts: A state-space model |
| Authors: | Hoveid, Oyvind
Raknerud, A. |
| Keywords: | farm households
finance
investment |
| Issue Date: | 2008 |
| Abstract: | Feedbacks between on-farm and off-farm activities are analyzed with a state-space model over a panel of farm household accounts. We discover significant positive effects of farm capital both on farm income and on wage labor income. The latter effect is interpreted as wage labor partly paying the debt incurred by investments in farm capital. Significant positive effects on farm capital from wealth - indicating credit rationing or an immediate willingness to pay for farm investments - are also discovered. The wealth
effect on farm income is also significantly positive. By and large - at least for the household for which the results are estimated, and for the model applied - Fishers separation theorem is rejected. |
| URI: | http://purl.umn.edu/44461 |
| Institution/Association: | European Association of Agricultural Economists>2008 International Congress, August 26-29, 2008, Ghent, Belgium |
| Total Pages: | 14 |
| Collections: | 2008 International Congress, August 26-29, 2008, Ghent, Belgium
|
Files in This Item:
| File |
Description |
Size | Format |
|---|
| 599.pdf | | 194Kb | PDF | View/Open |
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
