Media type: E-Article Title: Borrowing constraints and the agricultural investment decision process Contributor: Gutierrez, Luciano Published: Wiley, 2002 Published in: Agribusiness, 18 (2002) 1, Seite 101-114 Language: English DOI: 10.1002/agr.10008 ISSN: 0742-4477; 1520-6297 Keywords: Economics and Econometrics ; Agronomy and Crop Science ; Animal Science and Zoology ; Geography, Planning and Development ; Food Science Origination: Footnote: Description: <jats:title>Abstract</jats:title><jats:p>This paper develops a dynamic intertemporal model under the hypothesis of asymmetric information for the analysis of the rate of investment in the agricultural sector. The model stresses the importance of borrowing constraints for the investment decision of firms. Using the model we derive, following Abel and Blanchard's (1986) approach, an estimate for marginal Tobin's Q. We find that this series is positively and strongly related to the agricultural rate of investment in Italy during the period of 1960–1996. [Econ‐Lit Citations: Q14, E62, E22] © 2002 Wiley Periodicals, Inc.</jats:p>