Studying Investment Patterns In Russian Agriculture
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.
|Date of creation:||2007|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.eaae.org|
More information through EDIRC
References listed on IDEAS
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.:
- Ralph 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, 03.
- Ralph de Haas & Marga Peeters, 2004. "The dynamic adjustment towards target capital structures of firms in transition economies," Working Papers 87, European Bank for Reconstruction and Development, Office of the Chief Economist.
When requesting a correction, please mention this item's handle: RePEc:ags:eaa104:7803. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If references are entirely missing, you can add them using this form.