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This paper tests whether the Law of Proportionate Effects (Gibrat, 1931), which states that farms grow at a rate that is independent of their size, holds for the dairy farms in Northern Ireland. Previous studies have tended to concentrate on testing whether the law holds for all farms. The...
Persistent link: https://www.econbiz.de/10005787179
The paper investigates the validity of Gibrat's Law in Hungarian agriculture. Employing various specifications including OLS, two-step Heckman model and quantile regressions our results strongly reject Gibrats Law for full sample. Estimations suggest that small farms tend to grow faster than...
Persistent link: https://www.econbiz.de/10005060806
According to Gibrat's Law of Proportionate Effect, the growth rate of a given firm is independent of its size at the beginning of the examined period. Aimed at extending this line of investigation, the present paper uses quantile regression techniques to test whether Gibrat's Law holds for new...
Persistent link: https://www.econbiz.de/10005760520
The objective of this paper is to explore the determinants to leave agriculture and change occupational sector. We adopt a 3-step multivariate probit where we control for selection bias at two stages in the decisions to work and, at a later stage, exit agriculture. The analysis is based on the...
Persistent link: https://www.econbiz.de/10010909848
The article investigates the validity of Gibrat’s Law for French, Hungarian and Slovenian farms with FADN data and Heckman selection models, quantiles regressions and panel unit root tests. The contribution to the literature is threefold. First, we compare farm growth in countries with rather...
Persistent link: https://www.econbiz.de/10008509203
Persistent link: https://www.econbiz.de/10009351606
Heavy consumption of soda may contribute to obesity, strokes, and cardiac problems. From a health perspective, the distribution of the consumption is at least as important as the mean. Censored as well as ordinary quantile regression techniques were used to estimate the demand for sugary soda...
Persistent link: https://www.econbiz.de/10005803230
The purpose of the current paper is to explain how one can forecast the effect of an elected tax on saturated fat on the demand for butter. The tax is to take affect from the first of January 2010 in Denmark. The tax is supposed to affect the consumption of saturated fat and especially high...
Persistent link: https://www.econbiz.de/10008555551
This study analyzes the determinants of TE among traditional dairy farms in the State of Wisconsin taking into account dairy farms’ heterogeneity. To do so, we first estimate a production frontier and the level of TE using the SPF framework. Then we analyze the determinants of TI using a...
Persistent link: https://www.econbiz.de/10009020501
This article is concerned with the methodological question of frontier production functions estimation for agriculture, and the appropriateness of regression quantiles, as a useful semi-parametric approach. Better insights are reached using the proposed methodology that provides robust farm...
Persistent link: https://www.econbiz.de/10009020648