References
- Aggarwal , R. and Zong , S. 2006 . ‘The Cash Flow–Investment Relationship: International Evidence of Limited Access to External Finance’ . Journal of Multinational Financial Management , 16 ( 1 ) : 89 – 104 .
- Bakucs , L. , Fertő , I. and Fogarasi , J. 2009 . ‘Investment and Financial Constraints in Hungarian Agriculture’ . Economics Letters , 104 ( 3 ) : 122 – 24 .
- Benjamin , C. and Phimister , E. 2002 . ‘Does Capital Market Structure Affect Farm Investment? A Comparison Using French and British Farm-Level Panel Data’ . American Journal of Agricultural Economics , 84 ( 4 ) : 1115 – 29 .
- Bezemer , D. J. 2002 . ‘Credit Markets for Agriculture in the Czech Republic’ . Europe-Asia Studies , 54 ( 8 ) : 1301 – 17 .
- Bierlen , R. and Featherstone , A. M. 1998 . ‘Fundamental q, Cash Flow, and Investment: Evidence from Farm Panel Data’ . The Review of Economics and Statistics , 80 ( 3 ) : 427 – 35 .
- Calem , P. and Rizzo , J. 1995 . ‘Financing Constraints and Investment: New Evidence from Hospital Industry Data’ . Journal of Money, Credit and Banking , 27 ( 4 ) : 1002 – 14 .
- Carpenter , R. and Guariglia , A. 2007 . ‘Investment Behavior, Observable Expectations, and Internal Funds: A Comment on Cummins et al. (AER, 2006)’ . Economics Bulletin , 5 ( 12 ) : 1 – 12 .
- Chaddad , F. , Cook , M. and Heckelei , T. 2005 . ‘Testing for the Presence of Financial Constraints in US Agricultural Cooperatives: An Investment Behaviour Approach’ . Journal of Agricultural Economics , 56 ( 3 ) : 385 – 97 .
- Ciaian , P. and Swinnen , J. 2006 . ‘Land Market Imperfections and Agricultural Policy Impacts in the New EU Member States: A Partial Equilibrium Analysis’ . American Journal of Agricultural Economics , 88 ( 4 ) : 799 – 815 .
- Clark , J. 1917 . ‘Business Acceleration and the Law of Demand: A Technical Factor in Economic Cycles’ . Journal of Political Economy , 25 ( 1 ) : 217 – 35 .
- Collender , R. N. and Morehart , M. 2004 . “ ‘Decoupled Payments to Farmers, Capital Markets, and Supply Effects’ ” . In Decoupled Payments in a Changing Policy Setting, , Edited by: Burfisher , M. E. and Hopkins , J. Washington , DC : USDA-ERS . Electronic Report from the USDA-ERS, Agricultural Economic Report No. 838
- Cummins , J. G. , Hassett , K. A. and Oliner , S. D. 2006 . ‘Investment Behavior, Observable Expectations, and Internal Funds’ . The American Economic Review , 96 ( 3 ) : 796 – 810 .
- Davies , S. and Cook , P. 1995 . Lithuanian Farms Research , Aberdeen : University of Aberdeen . World Bank Survey Report
- Davis , J. , Buchenrieder , G. and Thomson , K. 2003 . “ ‘Rural Credit for Individual Farmers: A Survey Analysis of Rural Financial Markets’ ” . In Romanian Agriculture and Transition toward the EU , Edited by: Davidova , S. and Thomson , K. Lanham, MD, Boulder, CO, New York, NY & Oxford : Lexington Books .
- Davis , J. R. and Gaburici , A. 1999 . ‘Rural Finance and Private Farming in Romania’ . Europe-Asia Studies , 51 ( 5 ) : 843 – 69 .
- European Commission . 2003 . Mid Term Review of Agricultural Policy , Brussels : Directorate-General for Agriculture, European Commission . Com(2003) 23 final
- Fazzari , S. , Hubbard , R. and Petersen , B. 1988 . ‘Financing Constraints and Corporate Investment’ . Brookings Papers on Economic Activity , 1 : 141 – 95 .
- Harvey , D. R. 2000 . Farmers' Intentions Survey, 1994–1997: Final Report , Newcastle upon Tyne : Newcastle University . Special Studies in Agricultural Economics
- Hayashi , F. 1982 . ‘Tobin's Marginal q and Average q: A Neoclassical Interpretation’ . Econometrica , 50 ( 1 ) : 213 – 24 .
- Hoff , K. , Braverman , A. and Stiglitz , J. 1993 . “ ‘Introduction’ ” . In The Economics of Rural Organization: Theory, Practice, and Policy , Edited by: Hoff , K. , Braverman , A. and Stiglitz , J. New York : Oxford University Press .
- Hoshi , T. , Kashyap , A. and Scharfstein , D. 1991 . ‘Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups’ . The Quarterly Journal of Economics , 106 ( 1 ) : 33 – 60 .
- Hubbard , R. 1998 . ‘Capital-Market Imperfections and Investment’ . Journal of Economic Literature , 36 ( 1 ) : 193 – 225 .
- Jalinskiene , G. and Stanikünas , D. 2003 . “ ‘Income and Income Dynamics of the Lithuanian Rural Population and Farmers between 1996–2001’ ” . In Agricultural and Rural Development Policies in the Baltic Countries , Edited by: OECD . Paris : OECD .
- Jorgenson , D. 1963 . ‘Capital Theory and Investment Behavior’ . American Economic Review , 53 ( 2 ) : 247 – 59 .
- Koyck , L. 1954 . Distributed Lags and Investment Analysis , Amsterdam : North-Holland .
- Lagerkvist , C. J. 2006 . ‘Agricultural Policy Uncertainty and Farm Level Adjustments—The Case of Direct Payments and Incentives for Farmland Investment’ . European Review of Agricultural Economics , 32 ( 1 ) : 1 – 23 .
- Latruffe , L. 2005 . ‘The Impact of Credit Market Imperfections on Farm Investment in Poland’ . Post-Communist Economies , 17 ( 3 ) : 349 – 62 .
- Latruffe , L. and Le Mouël , C. 2006 . Description of Agricultural Land Market Functioning in Partner Countries Deliverable 9 of the FP6 project IDEMA (‘Impact of Decoupling and Modulation in the Enlarged Union: A Sectoral and Farm Level Assessment’), January, available at: http://www.sli.lu.se/IDEMA/idemahome.asp, accessed 3 November 2009
- Latruffe , L. and Le Mouël , C. 2009 . ‘Capitalization of Government Support in Agricultural Land Prices: What Do We Know?’ . Journal of Economic Surveys , 23 ( 4 ) : 659 – 91 .
- Lithuanian Institute of Agrarian Economics . 2005 . Monitoring of Agricultural Policy, Market and Trade Developments in Lithuania , Vilnius : Lithuanian Institute of Agrarian Economics .
- Lucas , R. 1967 . ‘Optimal Investment Policy and the Flexible Accelerator’ . International Economic Review , 8 ( 1 ) : 78 – 85 .
- Meyers , W. , Kazlauskiene , N. and Giugale , M. 1999 . Lithuania's Accession to the European Union: Successes and Challenges for a Rural Economy in Transition , Ames , IA : Iowa State University Press .
- Meyers , W. , Kazlauskiene , N. , Naujokiene , R. and Krisciukaitiene , I. 2004 . Rural Financial Constraints in the Framework of EU Accession in Lithuania , Washington , DC : World Bank . Study supported by the World Bank under Lithuania Technical Assistance TA-P083790-TAS-BB
- Ministry of Agriculture . 2007 . Rural Development Programme for Lithuania 2007–2013 , Vilnius : Lithuanian Ministry of Agriculture . available at: http://www.zum/lt/min/failai/RDP_2007-3013_2007_09_19_EK.pdf, accessed 15 July 2009
- Modigliani , F. and Miller , M. 1958 . ‘The Cost of Capital, Corporation Finance and the Theory of Investment’ . American Economic Review , 18 ( 3 ) : 261 – 97 .
- OECD . 1996 . Review of Agricultural Policies Lithuania , Paris : OECD, Centre for Co-operation with the Economies in Transition .
- OECD . 2001 . Decoupling: A Conceptual Overview , Paris : OECD .
- Petrick , M. 2004 . ‘A Microeconometric Analysis of Credit Rationing in the Polish Farm Sector’ . European Review of Agricultural Economics , 31 ( 1 ) : 77 – 101 .
- Raiser , M. , Schaffer , M. and Schuchhardt , J. Benchmarking Structural Change in Transition . Discussion Paper No. 727 . Bonn : Forschungsinstitut zur Zukunft der Arbeit .
- Rozelle , S. and Swinnen , J. 2004 . ‘Success and Failure of Reform: Insights from the Transition of Agriculture’ . Journal of Economic Literature , 42 ( 2 ) : 404 – 56 .
- Sadoulet , E. , de Janvry , A. and Davis , B. 2001 . ‘Cash Transfer Programs with Income Multipliers: PROCAMPO in Mexico’ . World Development , 29 ( 6 ) : 1046 – 56 .
- Swinnen , J. and Gow , H. 1999 . ‘Agricultural Credit Problems and Policies during the Transition to a Market Economy in Central and Eastern Europe’ . Food Policy , 24 ( 1 ) : 21 – 47 .
- Thomson , K. J. and Tansey , A. W. 1982 . ‘Intentions Surveys in Farming’ . Journal of Agricultural Economics , 33 ( 1 ) : 83 – 88 .
- Tobin , J. 1969 . ‘A General Equilibrium Approach to Monetary Theory’ . Journal of Money, Credit and Banking , 1 ( 1 ) : 15 – 29 .
- Tranter , R. , Costa , L. , Knapp , T. , Little , J. and Sottomayor , M. 2004 . “ ‘Asking Farmers about their Response to the Proposed Bond Scheme’ ” . In A Bond Scheme for Common Agricultural Policy Reform , Edited by: Swinbank , A. and Tranter , R. Wallingford : CABI Publishing .