Institutions, exchange and firm growth: evidence from Bulgarian agriculture

Institutions, exchange and firm growth: evidence from Bulgarian agriculture

The transition from a centrally planned to a more market-oriented economy provides a natural experiment on the role of institutions and exchange in economic development, and more specifically on firm growth. This paper uses survey data from Bulgaria to analyse the impact of exchange problems and ins...

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Veröffentlicht in:European review of agricultural economics 2012-02, Vol.39 (1), p.29-50
Hauptverfasser: Van Herck, Kristine, Noev, Nivelin, Swinnen, Johan F.M
Format: Artikel
Sprache:eng
Schlagworte:
Agricultural economics
Agricultural industry
Agriculture
Bulgaria
Business growth
Economic change
Economic development
Economic models
Farming
Farms
Innovation
Institutions
Marketization
new technology
Payment
Studies
Surveys
Transition economies
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Zusammenfassung:The transition from a centrally planned to a more market-oriented economy provides a natural experiment on the role of institutions and exchange in economic development, and more specifically on firm growth. This paper uses survey data from Bulgaria to analyse the impact of exchange problems and institutional innovations on farm growth. Late payments have a negative influence on farm growth, while contracting with interlinked programmes has a positive effect on farm growth.
ISSN:1464-3618
0165-1587
1464-3618
DOI:10.1093/erae/jbr033