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Human Capital and the Agrarian Structure in Transition: Micro-Evidence from Romania

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  • Marian Rizov

    (Trinity College Dublin and Catholic University of Leuven)

Abstract

This article examines determinants of the agrarian structure in transition economies with an emphasis on the role of rural households’ human capital. Land reform and enterprise restructuring have resulted in a broad range of farm types, such as cooperatives, partnerships, individual farms and combinations of these. In the theoretical model the fact that household resources are allocated to different organization modes is attributed to the utility maximization strategy of heterogeneous agents deriving income from uncertain sources in the face of incomplete factor markets. The empirical results from a multinomial logit model estimated with data from a two-year nationwide survey of Romanian rural households support the hypothesis that the current agrarian structure is importantly affected by the human capital characteristics of the households and the economic risks they face.

Suggested Citation

  • Marian Rizov, 2005. "Human Capital and the Agrarian Structure in Transition: Micro-Evidence from Romania," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 26(1), pages 119-149, February.
    • Handle: RePEc:sae:ecoind:v:26:y:2005:i:1:p:119-149
    DOI: 10.1177/0143831X05049405
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    2. Lena Fredriksson & Marian Rizov & Sophia Davidova & Alastair Bailey, 2021. "Smallholder Farms in Bulgaria and Their Contributions to Food and Social Security," Sustainability, MDPI, vol. 13(14), pages 1-14, July.
    3. Rizov, Marian, 2006. "Rural development perspectives in enlarging Europe: The implications of CAP reforms and agricultural transition in accession countries," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 14(2), pages 219-238.
    4. Borodina Olena & Rykovska Oksana, 2020. "Human Capital Evaluation and Capitalisation Specific to Rural Areas of Ukraine," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 13(1), pages 58-69, March.
    5. Viira, Ants-Hannes & Pöder, Anne & Värnik, Rando, 2013. "The Determinants of Farm Growth, Decline and Exit in Estonia," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 62(1).
    6. Viira, Ants-Hannes & Pöder, Anne & Värnik, Rando, 2013. "The Determinants of Farm Growth, Decline and Exit in Estonia," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 62(01), pages 1-13, February.
    7. Georgeta Vidican-Sgouridis & Annette Kim, 2008. "From Workers to Owners: Survey Evidence on the Impact of Property Rights Reforms on Small Farmers in Two Regions in Romania," William Davidson Institute Working Papers Series wp905, William Davidson Institute at the University of Michigan.
    8. Rizov, Marian, 2008. "Institutions, reform policies, and productivity growth in agriculture: Evidence from former communist countries," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 55(4), pages 307-323.

    More about this item

    Keywords

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    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General

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