The rural sector in transition economies
In: Handbook of Agricultural Economics
AbstractInefficiencies in agriculture in Eastern and Central Europe and the Soviet Union contributed to the financial collapse of the socialist system. Yet during the transition, agricultural production has declined. Low profits, high real interest rates, slow progress in reforms in some countries, and uncertainty have restricted producers' ability to respond to reforms. When China's collectivized agriculture was dismantled after 1978, producers' incentives improved and the economy remained stable, fueling a large supply response. In several Central European countries where reforms are well advanced, agricultural growth has resumed. The difficulties of ten years of rural transition offer lessons about the high costs of embedded distortions and inflexibility in institutional evolution.
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- Bakucs, Lajos Zoltan & Ferto, Imre, 2005. "Monetary Impacts and Overshooting of Agricultural Prices in a Transition Economy," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24711, European Association of Agricultural Economists.
- Bakucs, Lajos Zoltan & Ferto, Imre, 2009. "Monetary Impacts and Overshooting of Agricultural Prices in a Transition Economy: The Case of Hungary," 2009 Conference, August 16-22, 2009, Beijing, China 51798, International Association of Agricultural Economists.
- Bakucs, Lajos Zoltan & Ferto, Imre, 2005. "The Influence of Macroeconomic Variables on the Hungarian Agriculture," 2005 Annual meeting, July 24-27, Providence, RI 19232, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Ferto, Imre & Fogarasi, Jozsef, 2005.
"The Choice of Farm Organization. A Hungarian Case,"
2005 Annual meeting, July 24-27, Providence, RI
19463, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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