Farm Consumption Behavior in the Presence of Uncertainty and Restrictions on Credit
研究定量借贷限制对荷兰农场家庭消费行为的影响，使用允许家庭同时消费和生产的生命周期模型进行计量检验，结果拒绝无借贷限制的生命周期模型。
Abstract Farm consumption behavior has an important indirect role in determining the ability of farms to invest and grow. In this paper I examine the effect on farm consumption behavior of the presence of quantitative restrictions on farm borrowing. Using a form of the life cycle model which allows for both consumption and production by the household, the effect of borrowing restrictions on consumption behavior is tested econometrically for a sample of Dutch farm households. The results suggest that the life cycle model without borrowing restrictions is rejected by the data.