Off-farm income and farm capital accumulation: a farm-level data analysis
| dc.creator | Lagerkvist, Carl Johan | |
| dc.creator | Larsen, Karin | |
| dc.creator | Olson, Kent D. | |
| dc.date | 2017-04-01T14:01:58Z | |
| dc.date.accessioned | 2026-07-09T03:35:45Z | |
| dc.description | This paper test farm households' joint decisions to work off-farm, and their investments in farm capital respectively, using a farm level data set involving 252 sole proprietorships in Southwestern Minnesota. Time series are collected from the period 1993 through 2002 and estimation is done using a recursive two-step simultaneous censored equations model. Strong support is found for endogeneity of farm capital in an off-farm reliance model as well as for of off-farm income reliance in a farm capital model. In addition, evidence of true state dependence in off-farm income reliance is supported by the data. | |
| dc.identifier | doi:10.22004/ag.econ.21480 | |
| dc.identifier | https://ageconsearch.umn.edu/record/21480/files/sp06la10.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/21480 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/536059 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/21480 | |
| dc.title | Off-farm income and farm capital accumulation: a farm-level data analysis | |
| dc.type | Text |