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Institutional Environment and Agricultural Production in Post-communist Central European Countries

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  • Pavol Minárik

Abstract

This paper examines the significance of the institutional environment on agricultural production in post-communist Central European countries. It adds to the extensive research conducted into agricultural production functions by introducing a model which explains aggregate agricultural production using various inputs as well as variables that represent the institutional environment. The results with regards to the elasticities of material inputs (land, labour, capital) differ from those in previous research due to the specifics of the sample. More importantly, this paper identifies several institutions relevant to the agricultural sector and shows that in transitional economies institutional variables play a significant role.

Suggested Citation

  • Pavol Minárik, 2017. "Institutional Environment and Agricultural Production in Post-communist Central European Countries," Littera Scripta, VSTE, vol. 10(1), May.
    • Handle: RePEc:rsg:littra:2017-007
    DOI: 10.36708/LS.2017.I01.007
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