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The Roles of Commercial Credit and Direct Subsidies in Czech Agriculture During Early Transition


  • Janda, Karel


This paper provides an econometric estimation of the influence of individual social-economic, natural, and technological determinants of the credit provision for the agriculture in the case of the Czech Republic. The regression model is based on the microeconomic model of the maximization of the bank’s profit. The results of this paper show that the support of agricultural credit provided by Guarantee Fund goes primarily to the areas with a good conditions for the development of agricultural production. On the other hand, the direct government subsidies are targeted primarily to the areas with non-favourable natural conditions.

Suggested Citation

  • Janda, Karel, 2009. "The Roles of Commercial Credit and Direct Subsidies in Czech Agriculture During Early Transition," MPRA Paper 17005, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:17005

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    References listed on IDEAS

    1. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
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    More about this item


    Subsidies; Guarantees; Rural Development;

    JEL classification:

    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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