The geographical separation of markets is of a special importance in agriculture, as often, agricultural products are bulky and/or perishable, and the place of consumption may be different from that of production, implying possibly expensive transport costs (SEXTON ET AL., 1991). The imperfectly...

The paper investigates the impacts of trust on the relationships among members and between members and the management in an agricultural marketing cooperative in the Hungarian horticultural sector. We focus on the effects of trust on cooperative members performance and satisfaction and their...

The paper investigates the validity of Gibrat's Law in Hungarian agriculture. Employing various specifications including OLS, two-step Heckman model and quantile regressions our results strongly reject Gibrats Law for full sample. Estimations suggest that small farms tend to grow faster than...

This paper analyzes how imperfections of property rights affect allocation of assets and welfare, using micro-survey data from Bulgaria. Co-ownership of assets is widespread in many countries due to inheritance. Central and Eastern Europe offers an interesting natural experiment to assess the...

For transition countries, the food industry sector is a key industry in terms of output and employment shares. As a competitive sector that receives substantial foreign direct investments (FDI), it plays an important role as an element in the process of integration in the European and world...

The paper deals with the analysis of the institutional support of agricultural loans and its role in Czech agriculture based on the dynamic optimal model. The dynamic optimization problem is solved by the Lagrange method. The application of the theoretical model shows that the lower is the...

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...

This paper aims at assessing the relationship between ownership structure, performance and investment activity. In particular it studies how behavioural differences between farms related to ownership structure influence farms' investment activity and thus their further development potential...

This paper investigates determinants of competition in agro-food trade between five transition Central European Countries (CEC-5) (Czech Republic, Hungary, Poland, Slovakia, and Slovenia) and the European Union (EU-15) countries during the preenlargement years 1995-2003. We distinguish between...

This paper deals with the estimation of a random coefficient model. The virtue of this approach is that it considers firm heterogeneity, which conventional SFA models do not. Applying the model to Polish farms, the results indicate that the conventional random and fixed effect models...