The Importance Of Property Rights For Economic Outcomes: Lessons From The Transfer Of Productive Assets From Collective To Private Ownership In Bulgarian Agriculture
AbstractThe design of the agricultural reform in Bulgaria in the early 90-es provides researchers with a natural experiment for testing the effect of the protracted absence of clearly defined property rights on economic outcomes. Special rules governing the restitution of orchards made one group of crops, namely fruits, more susceptible to the negative effects of poorly defined property rights, resulting from delayed land reform. Our empirical analysis shows that the decline in agricultural output was steepest for crops in the fruits group, which we attribute to the differential effect of the property rights vacuum in the early stages of transition.
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Bibliographic InfoPaper provided by EconWPA in its series Microeconomics with number 0302006.
Length: 20 pages
Date of creation: 27 Feb 2003
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property rights Bulgaria agriculture transition;
Find related papers by JEL classification:
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy
- Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
This paper has been announced in the following NEP Reports:
- NEP-AGR-2003-03-25 (Agricultural Economics)
- NEP-ALL-2003-03-03 (All new papers)
- NEP-MIC-2003-03-03 (Microeconomics)
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.:
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CEDI Discussion Paper Series
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