Liquidity And Productivity In Russian Agriculture: Farm-Data Evidence
AbstractThe Russian agricultural sector has experienced many problems since the beginning of the 1990s that resulted in a fall in farm output. Employing a production function approach and, unlike other studies, farm-level data on more than 20,000 Russian large-scale farms for the period 1995-2000, this study analyzes the impact of both production (land, labour, capital, materials) and financial (debts and budget transfers) determinants on the productivity. Inter-regional differences such as weather conditions and farm-specific features such as geographical location, management and soil quality are taken into account employing the fixed-effect estimation. The findings show that Russian farms operate under liquidity constraints that lower their productivity.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by International Association of Agricultural Economists in its series 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa with number 25824.
Date of creation: 2003
Date of revision:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nina Budina & Harry Garretsen & Eelke de Jong, 2000. "Liquidity Constraints and Investment in Transition Economies," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(2), pages 453-475, July.
- Brown, J David & Earle, John S, 2001. "Competition Enhancing Policies and Infrastructure: Evidence from Russia," CEPR Discussion Papers 3022, C.E.P.R. Discussion Papers.
- Karen Macours & Johan F. M. Swinnen, 2000. "Impact of Initial Conditions and Reform Policies on Agricultural Performance in Central and Eastern Europe, the Former Soviet Union, and East Asia," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(5), pages 1149-1155.
- Carlos Arnade & Munisamy Gopinath, 2000. "Financial constraints and output targets in Russian agricultural production," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(1), pages 71-84.
- Trzeciak-Duval, Alexandra, 1999. "A Decade of Transition in Central and Eastern European Agriculture," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 26(3), pages 283-304, August.
- Brown, J David & Earle, John S, 2000.
"Competition And Firm Performance: Lessons From Russia,"
CEPR Discussion Papers
2444, C.E.P.R. Discussion Papers.
- J. David Brown & John S. Earle, 2000. "Competition and Firm Performance: Lessons from Russia," William Davidson Institute Working Papers Series 296, William Davidson Institute at the University of Michigan.
- Stefan Osborne & Michael A. Trueblood, 2006. "An examination of economic efficiency of Russian crop production in the reform period," Agricultural Economics, International Association of Agricultural Economists, vol. 34(1), pages 25-38, 01.
- Nickell, Stephen & Nicolitsas, Daphne & Dryden, Neil, 1997.
"What makes firms perform well?,"
European Economic Review,
Elsevier, vol. 41(3-5), pages 783-796, April.
- Liefert, William M. & Swinnen, Johan F.M., 2002. "Changes In Agricultural Markets In Transition Economies," Agricultural Economics Reports 33945, United States Department of Agriculture, Economic Research Service.
- Schnytzer, Adi & Andreyeva, Tatiana, 2002. "Company performance in Ukraine: is this a market economy?," Economic Systems, Elsevier, vol. 26(2), pages 83-98, June.
- Sporri, Martina & Barath, Lajos & Bokusheva, Raushan & Ferto, Imre, 2012. "The Impact of Crop Insurance on the Economic Performance of Hungarian Cropping Farms," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122525, European Association of Agricultural Economists.
- Raushan Bokusheva & Heinrich Hockmann, 2006.
"Production risk and technical inefficiency in Russian agriculture,"
European Review of Agricultural Economics,
Foundation for the European Review of Agricultural Economics, vol. 33(1), pages 93-118, March.
- Bokusheva, Raushan & Hockmann, Heinrich, 2005. "Production Risk and Technical Inefficiency in Russian Agriculture," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24610, European Association of Agricultural Economists.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If references are entirely missing, you can add them using this form.