| Título: | PRODUCTION CONTRACTS AND FARM PRODUCTIVITY: EXAMINING THE LINK USING INSTRUMENTAL VARIABLES |
| Autores: |
Key, Nigel D. McBride, William D. |
| Fecha: |
2007-06-27 2007-06-27 2007 |
| Publicador: | AgEcon |
| Fuente: |
 |
| Tipo: | Conference Paper or Presentation |
| Tema: |
productivity production contracts instrumental variables sample selection Farm Management Productivity Analysis |
| Descripción: | Estimating how production contracts affect farm productivity is difficult because the decision to use a contract is endogenous to other decisions affecting productivity. This study uses the local availability of production contracts as an instrument for whether a farm uses a contract in order to estimate the impact of contract use on total factor productivity. Results indicate that use of a production contract is associated with a large increase in productivity for feeder-to-finish hog farms in the U.S. The instrumental variable method makes it credible to assert that the observed association is a causal relationship rather than simply a correlation. |
| Idioma: |
English en |
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