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A puha költségvetési korlát és a hitelpiaci tökéletlenségek hatása a beruházásokra a magyar mezőgazdaságban
[The effect of soft budget constraint and credit-market imperfections on investments in Hungarian agriculture]

Author

Listed:
  • Fertő, Imre

    ()

  • Bakucs, Lajos Zoltán
  • Fogarasi, József

Abstract

A tanulmány ökonometriai módszerekkel vizsgálja a hitelpiaci tökéletlenségeket a magyar mezőgazdaságban a 2001 és 2005 közötti időszakra. Eredményeink megerő sítik a hitelpiaci tökéletlenség létét az általunk vizsgált teljes mintában. Az alacsony hitelállománnyal rendelkező gazdaságoknak, amelyek főként bérelt földön gazdál kodnak, finanszírozási korlátokkal kell szembenézniük. Továbbá számításaink sze rint a magas eladósodottságú gazdasági társaságok esetében kimutatható a puha költségvetési korlát. Journal of Economic Literature (JEL) kód: P32, Q14.

Suggested Citation

  • Fertő, Imre & Bakucs, Lajos Zoltán & Fogarasi, József, 2007. "A puha költségvetési korlát és a hitelpiaci tökéletlenségek hatása a beruházásokra a magyar mezőgazdaságban
    [The effect of soft budget constraint and credit-market imperfections on investments in H
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 322-333.
  • Handle: RePEc:ksa:szemle:909
    as

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    References listed on IDEAS

    as
    1. Budina, Nina & Garretsen, Harry & Jong, Eelke de, 1999. "Liquidity constraints and investment in transition economies : the case of Bulgaria," Research Report 00E05, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
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      [The soft budget constraint I]
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    11. Konings, Jozef & Rizov, Marian & Vandenbussche, Hylke, 2003. "Investment and financial constraints in transition economies: micro evidence from Poland, the Czech Republic, Bulgaria and Romania," Economics Letters, Elsevier, vol. 78(2), pages 253-258, February.
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    13. Marian Rizov, 2004. "Firm investment in transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 12(4), pages 721-746, December.
    14. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Oxford University Press, vol. 58(2), pages 277-297.
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    More about this item

    JEL classification:

    • P32 - Economic Systems - - Socialist Institutions and Their Transitions - - - Collectives; Communes; Agricultural Institutions
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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