INVESTIGATING THE "COMPLEMENTARITY HYPOTHESIS" IN GREEK AGRICULTURE: AN EMPIRICAL ANALYSIS

This study investigates determinants of private capital formation in Greek agriculture and tests the "complementarity" against the "crowding out" hypothesis using multivariate cointegration techniques and ECVAR modeling in conjunction with variance decomposition and impulse response analysis. The results provide evidence of a significant positive causal effect of government spending on private capital formation, thus supporting the "complementarity" hypothesis for Greek agriculture.


Issue Date:
2001-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/15292
Published in:
Journal of Agricultural and Applied Economics, Volume 33, Number 1
Page range:
189-198
Total Pages:
10




 Record created 2017-04-01, last modified 2017-08-23

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