Over fifteen years have elapsed since the transition from the centrally planned economic system started in the early 1990âs. During this time agricultural and rural areas of Central and Eastern Europe have undergone profound structural changes with wide variations in the degree of...

Subsistence agriculture is probably the least understood and the most neglected type of agriculture. In a globalised, market-driven world, it remains at the same time a myth and a marginal phenomenon. Empirically, subsistence agriculture for a long time seemed to be restricted to developing...

The aim of this paper is to test empirically the role of both cognitive and structural social capital in explaining the repayment performance of individual members under joint liability borrowing in rural Armenia. Based on unique primary data collected in 2006 in Ararat, Armavir and Vayots Dzor...

On the example of a commercial microfinance institution (MFI) in Tanzania this paper investigates first whether agricultural firms have a different probability to get a loan and whether their loans are differently volume rationed than loans to non-agricultural firms. Second, we analyze whether...

The prevalence of non-monetary transactions (NMT) in the Ukrainian economy is a phenomenon attributable to its transition to a market system. Major types of NMT are barter transactions, offsets and payment in kind. Non-monetary transactions are widespread in agriculture. The aim of this research...

Our micro-econometric analysis of agricultural credit market outcomes in Poland sheds new light on the relationship between contractual arrangements and interest rates. An innovative theoretical framework based on a hedonic market model is developed. We interpret the factors that influence...