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The Allocative Efficiency of Material Input Use in Russian Agriculture

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  • William M Liefert

    (Economic Research Service, US Department of Agriculture, Washington, DC, USA.)

Abstract

This paper examines the allocative efficiency of use of material inputs, and fertiliser in particular, in Russian agriculture during the transition from a planned to a market economy. The results indicate that inputs in the aggregate are overused (their purchase price exceeding the value of their marginal product), though fertiliser is underused. The findings support the argument that the substantial drop in agricultural input use during transition has been economically rational. Comparative Economic Studies (2005) 47, 214–223. doi:10.1057/palgrave.ces.8100086

Suggested Citation

  • William M Liefert, 2005. "The Allocative Efficiency of Material Input Use in Russian Agriculture," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 47(1), pages 214-223, March.
    • Handle: RePEc:pal:compes:v:47:y:2005:i:1:p:214-223
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    Cited by:

    1. Liefert, William M. & Liefert, Olga, 2007. "Distortions to Agricultural Incentives in Russia," Agricultural Distortions Working Paper Series 48386, World Bank.

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