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Econometric Modelling of Heterogeneity and Structural Changes in Dutch Horticulture.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Econometric Modelling of Heterogeneity and Structural Changes in Dutch Horticulture./
作者:	Los, Evert Jan.
面頁冊數:	1 online resource (156 pages)
附註:	Source: Dissertations Abstracts International, Volume: 83-02, Section: B.
Contained By:	Dissertations Abstracts International83-02B.
標題:	Agricultural production. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28489642click for full text (PQDT)
ISBN:	9798515243029

Econometric Modelling of Heterogeneity and Structural Changes in Dutch Horticulture.
Los, Evert Jan.

Econometric Modelling of Heterogeneity and Structural Changes in Dutch Horticulture. - 1 online resource (156 pages)

Source: Dissertations Abstracts International, Volume: 83-02, Section: B.

Thesis (Ph.D.)--Wageningen University and Research, 2021.

Includes bibliographical references

With a large degree of heterogeneity in firm structures, a strong emphasis on product differentiation and a growing importance of vertical integration, the Dutch horticultural sector can be seen as a modern agricultural market par excellence. This thesis examines how primary producers in Dutch glasshouse horticulture respond heterogeneously to changes in their market, institutional and financial environment.This is executed by modelling heterogeneity in firm-specific outcomes, responses and conditions using various micro-econometric techniques. The empirical analysis builds, as explained in chapter 2, on firm-specific production data obtained from the ATR database provided by Rabobank. This database contains information of yearly financial statements of individual horticultural firms. The advantage of using such data compared to traditionally sampled data mainly resides in the greater availability of firm-level data. This is particularly beneficial in the case of heterogeneous sectors, in which individual producers are likely to deviate strongly from average trends.In chapter 3, specific attention is paid to the heterogeneity in firm structure by assessing the drivers behind firm growth. Specifically in Dutch horticulture, primary producers have rapidly increased in scale in the last decade. The results show that cost reductions due to economies of scale are not the main driver behind the growth in horticultural firm size. However, larger firms do obtain on average higher and more stable output prices obtained. This positive effect of firm size on firm revenues therefore provides a different rationale for the recent growth in average size of Dutch horticultural firms.In an attempt to assess the heterogeneity in market positioning between firms, chapter 4 investigated differences in output prices between firms. Research on agricultural production often implicitly assumes that producers are price-takers and hence obtain homogeneous prices. However, given recent developments in product differentiation and vertical integration, a growing dispersion in output prices is observed. The results in chapter 4 show that the same firms are able to obtain high output prices over time. Moreover, larger firms are structurally able to obtain higher output prices. This finding also holds after correcting for potential price differences due to differences in production costs.Chapter 5 in contrast not focused on heterogeneity in outcomes, but rather on heterogeneous responses at firm-level. Given the high usage of natural gas in horticultural production, a recent policy proposal is to raise taxation on natural gas. We assess whether firms respond differently to these price incentives, by allowing for firm-specific responses. The findings in this chapter point out that assuming homogeneous responses (through applying classical fixed slope parameters) leads to an underestimation of variability. Furthermore, larger firms are found to use on average less gas per square meter in their production.In chapter 6, the relation between the financial environment and the primary producer is studied. It specifically focuses on the heterogeneity in credit constraints for understanding investment behaviour at firm level. In light of recent developments on financial markets, these credit constraints become increasingly important and hence contradict with the idea of perfect capital markets with unlimited availability of capital. Consequently, liquidity indicators and the actual cashflow of a firm are expected to become more important for understanding investment behaviour.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2023

Mode of access: World Wide Web

ISBN: 9798515243029Subjects--Topical Terms:

3559355
Agricultural production.
Index Terms--Genre/Form:

542853
Electronic books.

Econometric Modelling of Heterogeneity and Structural Changes in Dutch Horticulture.
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100 1 $a Los, Evert Jan. $3 3703223
245 1 0 $a Econometric Modelling of Heterogeneity and Structural Changes in Dutch Horticulture.
264 0 $c 2021
300 $a 1 online resource (156 pages)
336 $a text $b txt $2 rdacontent
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338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertations Abstracts International, Volume: 83-02, Section: B.
500 $a Advisor: Gardebroek, Koos;Huirne, Ruud B.M.
502 $a Thesis (Ph.D.)--Wageningen University and Research, 2021.
504 $a Includes bibliographical references
520 $a With a large degree of heterogeneity in firm structures, a strong emphasis on product differentiation and a growing importance of vertical integration, the Dutch horticultural sector can be seen as a modern agricultural market par excellence. This thesis examines how primary producers in Dutch glasshouse horticulture respond heterogeneously to changes in their market, institutional and financial environment.This is executed by modelling heterogeneity in firm-specific outcomes, responses and conditions using various micro-econometric techniques. The empirical analysis builds, as explained in chapter 2, on firm-specific production data obtained from the ATR database provided by Rabobank. This database contains information of yearly financial statements of individual horticultural firms. The advantage of using such data compared to traditionally sampled data mainly resides in the greater availability of firm-level data. This is particularly beneficial in the case of heterogeneous sectors, in which individual producers are likely to deviate strongly from average trends.In chapter 3, specific attention is paid to the heterogeneity in firm structure by assessing the drivers behind firm growth. Specifically in Dutch horticulture, primary producers have rapidly increased in scale in the last decade. The results show that cost reductions due to economies of scale are not the main driver behind the growth in horticultural firm size. However, larger firms do obtain on average higher and more stable output prices obtained. This positive effect of firm size on firm revenues therefore provides a different rationale for the recent growth in average size of Dutch horticultural firms.In an attempt to assess the heterogeneity in market positioning between firms, chapter 4 investigated differences in output prices between firms. Research on agricultural production often implicitly assumes that producers are price-takers and hence obtain homogeneous prices. However, given recent developments in product differentiation and vertical integration, a growing dispersion in output prices is observed. The results in chapter 4 show that the same firms are able to obtain high output prices over time. Moreover, larger firms are structurally able to obtain higher output prices. This finding also holds after correcting for potential price differences due to differences in production costs.Chapter 5 in contrast not focused on heterogeneity in outcomes, but rather on heterogeneous responses at firm-level. Given the high usage of natural gas in horticultural production, a recent policy proposal is to raise taxation on natural gas. We assess whether firms respond differently to these price incentives, by allowing for firm-specific responses. The findings in this chapter point out that assuming homogeneous responses (through applying classical fixed slope parameters) leads to an underestimation of variability. Furthermore, larger firms are found to use on average less gas per square meter in their production.In chapter 6, the relation between the financial environment and the primary producer is studied. It specifically focuses on the heterogeneity in credit constraints for understanding investment behaviour at firm level. In light of recent developments on financial markets, these credit constraints become increasingly important and hence contradict with the idea of perfect capital markets with unlimited availability of capital. Consequently, liquidity indicators and the actual cashflow of a firm are expected to become more important for understanding investment behaviour.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2023
538 $a Mode of access: World Wide Web
650 4 $a Agricultural production. $3 3559355
650 4 $a Food. $3 551593
650 4 $a Emissions. $3 3559499
650 4 $a Crops. $3 672677
650 4 $a Prices. $3 652651
650 4 $a Energy. $3 876794
650 4 $a Horticulture. $3 555447
650 4 $a Environmental policy. $3 518940
650 4 $a Vegetables. $3 818721
650 4 $a Natural gas. $3 668611
650 4 $a Agriculture. $3 518588
650 4 $a Farm buildings. $3 3688430
650 4 $a Decision making. $3 517204
650 4 $a Emission standards. $3 3681915
650 4 $a Agronomy. $3 2122783
650 4 $a Operations research. $3 547123
650 4 $a Public policy. $3 532803
650 4 $a Trends. $3 3560051
650 4 $a Objectives. $3 3561496
655 7 $a Electronic books. $2 lcsh $3 542853
690 $a 0473
690 $a 0285
690 $a 0791
690 $a 0471
690 $a 0796
690 $a 0630
710 2 $a ProQuest Information and Learning Co. $3 783688
710 2 $a Wageningen University and Research. $3 3557914
773 0 $t Dissertations Abstracts International $g 83-02B.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28489642 $z click for full text (PQDT)