Technology Adoption in French Agriculture and the Role of Financial Constraints
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Successive CAP reforms have increased the
exposure of European agriculture to market forces. As a
result, farmers have become preoccupied with their
competitiveness and have progressively adopted best
practices. However, these long-run technological
adjustments could be slowed down by eventual shortrun
financial constraints. This contribution measures
the role of these financial constraints on the catching-up
component of total factor productivity for a panel of
French farmers in Nord-Pas-de-Calais region during
1994-2001. For TFP estimates based on non-parametric
distance functions, the second stage econometric results
indicate that the technological adaptation is significantly
conditioned by financial constraints.