Studying Investment Patterns In Russian Agriculture
AbstractThe study analyzes the investment behavior of Russian farms during the period of economic stabilization that followed the financial crisis of 1998. While the literature primarily uses accelerator and adjustment costs models to describe farms investment behavior in the context of transition countries, our study reveals that error-correction formulation of the investment equation is more suited to analyzing Russian farms investment patterns. In addition, by distinguishing between different categories of farms, we reveal significant differences in the investment patterns, not only across farms both with and without access to external finance, but also across mature and newly-established farms, owner- and employee-managed farms, and farms with high and low managerial competence, respectively.
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Bibliographic InfoPaper provided by European Association of Agricultural Economists in its series 104th Seminar, September 5-8, 2007, Budapest, Hungary with number 7803.
Date of creation: 2007
Date of revision:
dynamic investment models; error-correction investment equation; Russia.; Agricultural Finance;
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- Ralph Haas & Marga Peeters, 2006.
"The dynamic adjustment towards target capital structures of firms in transition economies ,"
The Economics of Transition,
The European Bank for Reconstruction and Development, vol. 14(1), pages 133-169, 03.
- Ralph de Haas & Marga Peeters, 2004. "The dynamic adjustment towards target capital structures of firms in transition economies," Working Papers 87, European Bank for Reconstruction and Development, Office of the Chief Economist.
- Zinych, Nataliya & Odening, Martin, 2009. "How Costly are (Agricultural) Investments during Economic Transition? A Critical Literature Appraisal," 2009 Conference, August 16-22, 2009, Beijing, China 50319, International Association of Agricultural Economists.
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