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Efficiency without Sustainable Growth (Mixed Salad Policy of the «Market Fundamentalism» and Pragmatism)

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  • Epstein, David B.

Abstract

The paper is devoted to the influence of market fundamentalism on the Russian agrarian policy in 1992 - 2006. On the basis of analysis of two stages of economic and agrarian policy is concluded that "mix" of market fundamentalism and some pragmatism has not allowed achieving sustainable growth of agricultural production. Resource potential of the agriculture is reduced by high rates, however there is an essential increase of an economic efficiency: the expenses for unit of gross agricultural production in the comparable prices are reduced by rather high rates. In the future the forms of the state support of the agricultural producers should help to provide the profitability, which is necessary for extended reproduction in zones of commodity manufacture.

Suggested Citation

  • Epstein, David B., 2007. "Efficiency without Sustainable Growth (Mixed Salad Policy of the «Market Fundamentalism» and Pragmatism)," 104th Seminar, September 5-8, 2007, Budapest, Hungary 8524, European Association of Agricultural Economists.
  • Handle: RePEc:ags:eaa104:8524
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    File URL: http://purl.umn.edu/8524
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    Keywords

    Agricultural and Food Policy; Marketing;

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