Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Urban, Spatial and Regional Economics: Heterogeneous Local Pollution Sources Location: B004 Session Chair: Appere Gildas, University of Angers FRANCE | |
| Presentation 3 | |
Overdraft Fees? Groundwater Depletion and Agricultural Loan Performance 1: University of Tennessee, United States of America; 2: University of Georgia, United States of America The direct effects of natural capital depletion are well studied in the literature. However, decreasing stocks of natural resources and environmental goods may also impact economic activity not directly engaged in resource extraction. These indirect effects remain relatively unexplored within the natural resource and environmental economics literature. This paper addresses this gap by empirically examining how contemporaneous and long-run decreases in groundwater stocks affect agricultural loan delinquency rates—a key metric assessing the health of financial institutions serving agricultural producers. Results indicate that decreasing stocks of groundwater increase agricultural loan delinquency rates, particularly production loans, with only limited evidence of adaptation. This demonstrate an important indirect channel through which diminishing groundwater stocks impact the health and profitability of financial institutions. | |

