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Liquidity And Productivity In Russian Agriculture: Farm-Data Evidence

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  • Bezlepkina, Irina V.
  • Oude Lansink, Alfons G.J.M.

Abstract

The 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.

Suggested Citation

  • Bezlepkina, Irina V. & Oude Lansink, Alfons G.J.M., 2003. "Liquidity And Productivity In Russian Agriculture: Farm-Data Evidence," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25824, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae03:25824
    DOI: 10.22004/ag.econ.25824
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    References listed on IDEAS

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    Cited by:

    1. Sporri, Martina & Baráth, 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.
    2. Raushan Bokusheva & Heinrich Hockmann, 2006. "Production risk and technical inefficiency in Russian agriculture," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 33(1), pages 93-118, March.
    3. Irina V. Bezlepkina & Alfons G. J. M. Oude Lansink & Arie J. Oskam, 2005. "Effects of subsidies in Russian dairy farming," Agricultural Economics, International Association of Agricultural Economists, vol. 33(3), pages 277-288, November.
    4. Bojnec, Stefan & Latruffe, Laure, 2007. "Investment of Slovenian farms in the transition context," 104th Seminar, September 5-8, 2007, Budapest, Hungary 7827, European Association of Agricultural Economists.

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    Keywords

    Productivity Analysis;

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