INVESTIGATING THE COMPLEMENTARITY HYPOTHESIS IN GREEK AGRICULTURE: AN EMPIRICAL ANALYSIS Report as inadecuate




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This study investigates determinants of private capital formation in Greek agriculture and tests the complementarity against the crowding out hypothesis using multivariate cointegration techniques and ECVAR modeling in conjunction with variance decomposition and impulse response analysis. The results provide evidence of a significant positive causal effect of government spending on private capital formation, thus supporting the complementarity hypothesis for Greek agriculture.

Keywords: agriculture ; cointegration ; complementarity hypothesis ; Greece ; innovation accounting ; investment

Subject(s): Agricultural Finance

Issue Date: 2001-04

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/15292 Published in: Journal of Agricultural and Applied Economics, Volume 33, Number 1 Page range: 189-198

Total Pages: 10

Record appears in: Southern Agricultural Economics Association (SAEA) > Journal of Agricultural and Applied Economics





Author: Katrakilidis, Constantinos P. ; Tabakis, Nikolaos M.

Source: http://ageconsearch.umn.edu/record/15292?ln=en







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