Optimal Farm Size in Russian Agriculture
A set of dynamic DEA models is applied to investigate the determinants of farm size of Moscow oblast corporate farms in the period 1996-2004. New institutional economics is found to be more relevant to explaining farm sizes and their changes than the neo-classical framework. The results prove the hypothesis that the development of farm size is mainly caused by reducing transaction costs associated with getting access to product markets.
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- Lerman, Zvi, 2001. "Agriculture in transition economies: from common heritage to divergence," Agricultural Economics, Blackwell, vol. 26(2), pages 95-114, November.
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