Government Payments and Farm Business Survival
利用美国农业普查的面板数据，研究直接政府支付如何影响不同规模农场企业的生存概率，发现支付增加能小幅降低倒闭风险，且对大农场效果更明显。
Using farm‐level panel data from recent U.S. Agricultural Censuses, this study examines how direct government payments influence the survival of farm businesses, paying particular attention to the differential effect of payments across farm‐size categories. A Cox proportional hazards model is used to estimate the effect of government payments on the instantaneous probability of a farm business failure, controlling for farm and operator characteristics. Results indicate that an increase in government payments has a small but statistically significant negative effect on the rate of business failure, and the magnitude of this effect increases with farm size.