메뉴 건너뛰기




Volumn 91, Issue 1, 2009, Pages 275-289

Credit constraints: Their existence, determinants, and implications for U.S. farm and nonfarm sole proprietorships

Author keywords

Credit constraint; Debt; Farm credit; Propensity score matching

Indexed keywords

AGRICULTURAL PRODUCTION; CREDIT PROVISION; DEBT; EMPIRICAL ANALYSIS; ESTIMATION METHOD; FARMING SYSTEM; NATIONAL ECONOMY;

EID: 58149529714     PISSN: 00029092     EISSN: 14678276     Source Type: Journal    
DOI: 10.1111/j.1467-8276.2008.01173.x     Document Type: Article
Times cited : (87)

References (41)
  • 3
    • 29144483792 scopus 로고    scopus 로고
    • "Agricultural Finance: Credit, Credit Constraints, and Consequences"
    • In B.L. Gardner and G.C. Rausser, eds. Amsterdam, NY: Elsevier
    • Barry, P.J., and L.J. Robison. 2001. "Agricultural Finance: Credit, Credit Constraints, and Consequences." In B.L. Gardner and G.C. Rausser, eds. Handbook of Agricultural Economics. Amsterdam, NY: Elsevier, pp. 513-71.
    • (2001) Handbook of Agricultural Economics , pp. 513-571
    • Barry, P.J.1    Robison, L.J.2
  • 6
    • 0032367389 scopus 로고    scopus 로고
    • "Fundamental q, Cash Flow, and Investment: Evidence from Farm Panel Data"
    • Bierlen, R., and A. Featherstone. 1998. "Fundamental q, Cash Flow, and Investment: Evidence from Farm Panel Data." Review of Economics and Statistics 80:427-35.
    • (1998) Review of Economics and Statistics , vol.80 , pp. 427-435
    • Bierlen, R.1    Featherstone, A.2
  • 7
    • 33645749511 scopus 로고    scopus 로고
    • "Short- and Long-Run Credit Constraints in French Agriculture: A Directional Distance Function Framework Using Expenditure-Constrained Profit Functions"
    • Blancard, S., J.P. Boussemart, W. Briec, and K. Kerstens. 2006. "Short- and Long-Run Credit Constraints in French Agriculture: A Directional Distance Function Framework Using Expenditure-Constrained Profit Functions." American Journal of Agricultural Economics 88:351-64.
    • (2006) American Journal of Agricultural Economics , vol.88 , pp. 351-364
    • Blancard, S.1    Boussemart, J.P.2    Briec, W.3    Kerstens, K.4
  • 8
    • 58149525174 scopus 로고    scopus 로고
    • "AJAE Appendix: Credit Constraints: Their Existence, Determinants, and Implications for U.S. Farm and Non-Farm Sole Proprietorships"
    • Unpublished. Available at
    • Briggeman, B.C., C.A. Towe, and M.J. Morehart. 2008. "AJAE Appendix: Credit Constraints: Their Existence, Determinants, and Implications for U.S. Farm and Non-Farm Sole Proprietorships." Unpublished. Available at: http://agecon.lib.umn.edu/.
    • (2008)
    • Briggeman, B.C.1    Towe, C.A.2    Morehart, M.J.3
  • 9
    • 0001345904 scopus 로고    scopus 로고
    • "Household Saving: Micro Theories and Micro Facts"
    • Browning, M., and A. Lusardi. 1996. "Household Saving: Micro Theories and Micro Facts." Journal of Economic Literature 34:1797-1855.
    • (1996) Journal of Economic Literature , vol.34 , pp. 1797-1855
    • Browning, M.1    Lusardi, A.2
  • 10
    • 0037329415 scopus 로고    scopus 로고
    • "Getting Institutions 'Right' for Whom? Credit Constraints and the Impact of Property Rights on the Quantity and Composition of Investment"
    • Carter, M.R., and P. Olinto. 2003. "Getting Institutions 'Right' for Whom? Credit Constraints and the Impact of Property Rights on the Quantity and Composition of Investment." American Journal of Agricultural Economics 85:173-86.
    • (2003) American Journal of Agricultural Economics , vol.85 , pp. 173-186
    • Carter, M.R.1    Olinto, P.2
  • 12
    • 0001009723 scopus 로고
    • "Credit Rationing and Private Transfers: Evidence from Survey Data"
    • Cox, D., and T. Jappelli. 1990. "Credit Rationing and Private Transfers: Evidence from Survey Data." Review of Economics and Statistics 72:445-54.
    • (1990) Review of Economics and Statistics , vol.72 , pp. 445-454
    • Cox, D.1    Jappelli, T.2
  • 13
    • 21144474619 scopus 로고
    • "The Effect of Borrowing Constraints on Consumer Liabilities"
    • Cox, D., and T. Jappelli. 1993. "The Effect of Borrowing Constraints on Consumer Liabilities." Journal of Money, Credit and Banking 25:197-212.
    • (1993) Journal of Money, Credit and Banking , vol.25 , pp. 197-212
    • Cox, D.1    Jappelli, T.2
  • 14
    • 0006046306 scopus 로고    scopus 로고
    • "Credit Constraints and U.S. Households"
    • Crook, J. 1996. "Credit Constraints and U.S. Households." Applied Financial Economics 6:477-85.
    • (1996) Applied Financial Economics , vol.6 , pp. 477-485
    • Crook, J.1
  • 15
    • 10044298710 scopus 로고    scopus 로고
    • "Practical Propensity Score-matching: A Reply to Smith and Todd"
    • Dehejia, R.H. 2005. "Practical Propensity Score-matching: A Reply to Smith and Todd." Journal of Econometrics 125:355-64.
    • (2005) Journal of Econometrics , vol.125 , pp. 355-364
    • Dehejia, R.H.1
  • 16
    • 0036102924 scopus 로고    scopus 로고
    • "Propensity Score-Matching Methods for Nonexperimental Causal Studies"
    • Dehejia, R.H., and S. Wahba. 2002. "Propensity Score-Matching Methods for Nonexperimental Causal Studies." Review of Economics and Statistics 84:151-61.
    • (2002) Review of Economics and Statistics , vol.84 , pp. 151-161
    • Dehejia, R.H.1    Wahba, S.2
  • 18
    • 0025528586 scopus 로고
    • "The Relationship between Credit and Productivity in Chinese Agriculture: A Microeconomic Model of Disequilibrium"
    • Feder, G., L. Lau, J. Lin, and X. Luo. 1990. "The Relationship between Credit and Productivity in Chinese Agriculture: A Microeconomic Model of Disequilibrium." American Journal of Agricultural Economics 72:1151-57.
    • (1990) American Journal of Agricultural Economics , vol.72 , pp. 1151-1157
    • Feder, G.1    Lau, L.2    Lin, J.3    Luo, X.4
  • 19
    • 2642560604 scopus 로고    scopus 로고
    • "Credit Market Access and Profitability in Tunisian Agriculture"
    • Foltz, J.D. 2004. "Credit Market Access and Profitability in Tunisian Agriculture." Agricultural Economics 30:229-40.
    • (2004) Agricultural Economics , vol.30 , pp. 229-240
    • Foltz, J.D.1
  • 20
    • 12144290088 scopus 로고    scopus 로고
    • "Finite-Sample Properties of Propensity-Score Matching and Weighting Estimators"
    • Frölich, M. 2004. "Finite-Sample Properties of Propensity-Score Matching and Weighting Estimators." Review of Economics and Statistics 86:77-90.
    • (2004) Review of Economics and Statistics , vol.86 , pp. 77-90
    • Frölich, M.1
  • 21
    • 33644771256 scopus 로고    scopus 로고
    • "Are 'Decoupled'Farm Program Payments Really Decoupled?An Empirical Evaluation"
    • Goodwin, B.K., and A.K. Mishra. 2006. "Are 'Decoupled'Farm Program Payments Really Decoupled?An Empirical Evaluation." American Journal of Agricultural Economics 88:73-89.
    • (2006) American Journal of Agricultural Economics , vol.88 , pp. 73-89
    • Goodwin, B.K.1    Mishra, A.K.2
  • 22
    • 0001622038 scopus 로고    scopus 로고
    • "Matching as an Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme"
    • Heckman, J.J., H. Ichimura, and P. Todd. 1997. "Matching as an Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme." Review of Economic Studies 64:605-54.
    • (1997) Review of Economic Studies , vol.64 , pp. 605-654
    • Heckman, J.J.1    Ichimura, H.2    Todd, P.3
  • 24
    • 84934564112 scopus 로고
    • "Internal Net Worth and the Investment Process: An Application to U.S. Agriculture"
    • Hubbard, R., and A. Kashyap. 1992. "Internal Net Worth and the Investment Process: An Application to U.S. Agriculture." Journal of Political Economy 100:506-34.
    • (1992) Journal of Political Economy , vol.100 , pp. 506-534
    • Hubbard, R.1    Kashyap, A.2
  • 25
    • 2542442925 scopus 로고    scopus 로고
    • "Liquidity Constraints, Household Wealth, and Entrepreneurship"
    • Hurst, E., and A. Lusardi. 2004. "Liquidity Constraints, Household Wealth, and Entrepreneurship." Journal of Political Economy 112:319-48.
    • (2004) Journal of Political Economy , vol.112 , pp. 319-348
    • Hurst, E.1    Lusardi, A.2
  • 26
    • 84963088912 scopus 로고
    • "Who Is Credit-constrained in the U.S. Economy?"
    • Jappelli, T. 1990. "Who Is Credit-constrained in the U.S. Economy?" Quarterly Journal of Economics 72:219-34.
    • (1990) Quarterly Journal of Economics , vol.72 , pp. 219-234
    • Jappelli, T.1
  • 27
    • 0032263435 scopus 로고    scopus 로고
    • "Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources"
    • Jappelli, T., J.S. Pischke, and N.S. Souleles. 1998. "Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources." Review of Economics and Statistics 80:251-62.
    • (1998) Review of Economics and Statistics , vol.80 , pp. 251-262
    • Jappelli, T.1    Pischke, J.S.2    Souleles, N.S.3
  • 28
    • 0031542902 scopus 로고    scopus 로고
    • "Unemployment and Financial Constraints Faced by Small Firms"
    • Jefferson, P.N. 1997. "Unemployment and Financial Constraints Faced by Small Firms." Economic Inquiry 35:108-16.
    • (1997) Economic Inquiry , vol.35 , pp. 108-116
    • Jefferson, P.N.1
  • 30
    • 0036589491 scopus 로고    scopus 로고
    • "Program Heterogeneity and Propensity Score-Matching: An Application to the Evaluation of Active Labor Market Policies"
    • Lechner, M. 2002. "Program Heterogeneity and Propensity Score-Matching: An Application to the Evaluation of Active Labor Market Policies." The Review of Economics and Statistics 84:205-20.
    • (2002) The Review of Economics and Statistics , vol.84 , pp. 205-220
    • Lechner, M.1
  • 32
    • 58149501983 scopus 로고    scopus 로고
    • "Estimating Nonlinear Models with Multiply Imputed Data"
    • Montalto, C.P., and Y. Yuh. 1996. "Estimating Nonlinear Models with Multiply Imputed Data." Financial Counseling and Planning 7:142-46.
    • (1996) Financial Counseling and Planning , vol.7 , pp. 142-146
    • Montalto, C.P.1    Yuh, Y.2
  • 33
    • 3442886165 scopus 로고    scopus 로고
    • "A Microeconometric Analysis of Credit Rationing in the Polish Farm Sector"
    • Petrick, M. 2004. "A Microeconometric Analysis of Credit Rationing in the Polish Farm Sector." European Review of Agricultural Economics 31:77-101.
    • (2004) European Review of Agricultural Economics , vol.31 , pp. 77-101
    • Petrick, M.1
  • 34
    • 0029473898 scopus 로고
    • "Farm Consumption Behavior in the Presence of Uncertainty and Restrictions on Credit"
    • Phimister, E. 1995. "Farm Consumption Behavior in the Presence of Uncertainty and Restrictions on Credit." American Journal of Agricultural Economics 77:952-59.
    • (1995) American Journal of Agricultural Economics , vol.77 , pp. 952-959
    • Phimister, E.1
  • 35
    • 77951622706 scopus 로고
    • "The Central Role of the Propensity Score in Observational Studies for Causal Effects"
    • Rosenbaum, P.R., and D.B. Rubin. 1983. "The Central Role of the Propensity Score in Observational Studies for Causal Effects." Biometrika 70:41-55.
    • (1983) Biometrika , vol.70 , pp. 41-55
    • Rosenbaum, P.R.1    Rubin, D.B.2
  • 36
    • 0000311606 scopus 로고
    • "Joint Estimation of Risk Preference Structure and Technology Using Expo-Power Utility"
    • Saha, A., C. Shumway, and H. Talpaz. 1994. "Joint Estimation of Risk Preference Structure and Technology Using Expo-Power Utility." American Journal of Agricultural Economics 76:173-84.
    • (1994) American Journal of Agricultural Economics , vol.76 , pp. 173-184
    • Saha, A.1    Shumway, C.2    Talpaz, H.3
  • 38
    • 10044222268 scopus 로고    scopus 로고
    • "Does Matching Overcome LaLondes Critique of Nonexperimental Estimators?"
    • Smith, J.A., and P.E. Todd. 2005a. "Does Matching Overcome LaLondes Critique of Nonexperimental Estimators?" Journal of Econometrics 125:305-53.
    • (2005) Journal of Econometrics , vol.125 , pp. 305-353
    • Smith, J.A.1    Todd, P.E.2
  • 40
    • 0000342340 scopus 로고
    • "Credit Rationing in Markets with Imperfect Information"
    • Stiglitz, J.E., and A. Weiss. 1981. "Credit Rationing in Markets with Imperfect Information." American Economic Review 71:393-410.
    • (1981) American Economic Review , vol.71 , pp. 393-410
    • Stiglitz, J.E.1    Weiss, A.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.