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Farm household production under CAP reform: the impact of borrowing restrictions

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  • E Phimister

Abstract

Le modèle de cycle de vie des ménages agricoles est utilisé afin d'analyser les conséquences de la réforme de la PAC sur les variables de contrôle du ménage quand ce dernier est contraint sur son endettement. Cette contrainte implique que décisions de production et de consommation sont liées à la différence du modèle récursif où décisions de production sont indépendantes des décisions de consommation. Le modèle est calibré pour reproduire la situation moyenne des exploitations céréalières spécialisées françaises et les simulations montrent que l'effet négatif de la baisse du prix du produit sur l'offre est plus faible dans le modèle contraint que dans le modèle récursif, et que l'effet de la baisse du prix sur l'offre est même souvent positif à long terme dans la mesure où cette baisse tend à atténuer l'impact des contraintes d'endettement.
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(This abstract was borrowed from another version of this item.)

Suggested Citation

  • E Phimister, 1996. "Farm household production under CAP reform: the impact of borrowing restrictions," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 38, pages 61-78.
    • Handle: RePEc:rae:jouces:v:38:y:1996:p:61-78
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    File URL: http://ageconsearch.umn.edu/bitstream/229005/2/CESR-38-61-78.pdf
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    Cited by:

    1. Stéphane Blancard & Jean-Philippe Boussemart & Walter Briec & Kristiaan 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, Agricultural and Applied Economics Association, vol. 88(2), pages 351-364.
    2. J.Ph. Boussemart & K. Kerstens & S. Blancard & W. Briec, 2007. "Technology Adoption in French Agriculture and the role of Financial Constraints," Post-Print hal-00287979, HAL.
    3. Kristiaan Kerstens & Jean-Philippe Boussemart & Stéphane Blancard, 2003. "L’influence des contraintes de financement de court terme sur le profit des exploitations agricoles. Une approche non paramétrique," Économie et Prévision, Programme National Persée, vol. 159(3), pages 71-81.

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