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Studying Investment Patterns In Russian Agriculture

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  • Bokusheva, Raushan
  • Bezlepkina, Irina V.
  • Kupavych, Alexander

Abstract

The study analyzes the investment behavior of Russian farms during the period of economic stabilization that followed the financial crisis of 1998. While the literature primarily uses accelerator and adjustment costs models to describe farms' investment behavior in the context of transition countries, our study reveals that error-correction formulation of the investment equation is more suited to analyzing Russian farms' investment patterns. In addition, by distinguishing between different categories of farms, we reveal significant differences in the investment patterns, not only across farms both with and without access to external finance, but also across mature and newly-established farms, owner- and employee-managed farms, and farms with high and low managerial competence, respectively.

Suggested Citation

  • Bokusheva, Raushan & Bezlepkina, Irina V. & Kupavych, Alexander, 2007. "Studying Investment Patterns In Russian Agriculture," 104th Seminar, September 5-8, 2007, Budapest, Hungary 7803, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaa104:7803
    DOI: 10.22004/ag.econ.7803
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    References listed on IDEAS

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    1. Ralph de Haas & Marga Peeters, 2006. "The dynamic adjustment towards target capital structures of firms in transition economies," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 14(1), pages 133-169, March.
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    Cited by:

    1. Zinych, Nataliya & Odening, Martin, 2009. "How Costly are (Agricultural) Investments during Economic Transition? A Critical Literature Appraisal," 2009 Conference, August 16-22, 2009, Beijing, China 50319, International Association of Agricultural Economists.
    2. Nataliya Zinych & Martin Odening, 2009. "Capital market imperfections in economic transition: empirical evidence from Ukrainian agriculture," Agricultural Economics, International Association of Agricultural Economists, vol. 40(6), pages 677-689, November.

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