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.
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 EconWPA in its series Microeconomics with number 0302006.
Length: 20 pages
Date of creation: 27 Feb 2003
Date of revision:
Note: Type of Document - PDF; prepared on IBM PC; to print on PostScript; pages: 20 ; figures: included
Contact details of provider:
Web page: http://220.127.116.11
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.:
- Davies, David G, 1971. "The Efficiency of Public versus Private Firms, The Case of Australia's Two Airlines," Journal of Law and Economics, University of Chicago Press, vol. 14(1), pages 149-65, April.
- Agnello, Richard J & Donnelley, Lawrence P, 1975. "Property Rights and Efficiency in the Oyster Industry," Journal of Law and Economics, University of Chicago Press, vol. 18(2), pages 521-33, October.
- de Melo, Martha & Denizer, Cevdet & Gelb, Alan, 1996. "From plan to market : patterns of transition," Policy Research Working Paper Series 1564, The World Bank.
- de Melo, Martha & Denizer, Cevdet & Gelb, Alan & Tenev, Stoyan, 1997. "Circumstance and choice : the role of initial conditions and policies in transition economies," Policy Research Working Paper Series 1866, The World Bank.
- Csaki, S. & Nash, J., 1998. "The Agrarian Economies of Central and Eastern Europe and the Commonwealth of Independent States. Situation and Perspectives, 1997," World Bank - Discussion Papers 387, World Bank.
- Bhaumik, Sumon K. & Dimova, Ralitza & Nugent, Jeffrey B., 2006.
"Pulls, Pushes and Entitlement Failures in Labor Markets: Does the State of Development Matter?,"
IZA Discussion Papers
2258, Institute for the Study of Labor (IZA).
- Sumon Kumar Bhaumik & Ralitza Dimova & Jeffrey B. Nugent, 2006. "Pulls, Pushes and Entitlement Failures in Labor Markets: Does the State of Development Matter?," CEDI Discussion Paper Series 06-07, Centre for Economic Development and Institutions(CEDI), Brunel University.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.