The paper empirically investigates credit access and borrowing costs in Poland's rural financial market. We conduct an econometric analysis based on cross-sectional survey data including formal loans taken in the period 1997-1999. A hedonic regression of the effective interest rate, comprising...

On the basis of portfolio selection theory, this paper finds that whole-farm risk must be regarded as a major reason for the low level of credit flow to agriculture in North-western Kazakhstan. A quadratic programming model was used in order (a) to demonstrate the comparatively high overall risk...

The aim of this paper is to empirically analyse the effects of governmentally promoted credit access on the investment behaviour of credit rationed farmers. This is done by specifying an empirical investment equation which is estimated on a cross-sectional sample of Polish farm household data....

Dieses Discussion Paper enthält die Kurzfassungen der Beitrsge, die im Rahmen des Workshops zur Agrarentwicklung in Mittel- und Osteuropa fur Doktoranden und Post-DocÂ's vorgestellt und diskutiert werden sollen. Dieser Workshop mochte Nachwuchswissenschaftlern die Moglichkeit geben, Ihre...

Empirical analysis of rural credit market failure has been of key scientific and political interest in recent years. The aim of this paper is to give an overview of various methods for measuring credit rationing of farms employed in the literature. Furthermore, based on a common analytical...

This Discussion Paper contains the contributions to be presented at the "Workshop zur Agrarentwicklung in Mittel- und Osteuropa für Doktoranden und Post-Docs" to take place at IAMO from 11 to 13 July, 2005. After last year'Âs positive reception, the workshop will be held for the third time,...

VORWORT DER HERAUSGEBER Martin Petrick, Alfons Balmann Dieses Discussion Paper enthält die Kurzfassungen der Beiträge, die im Rahmen des Workshops zur Agrarentwicklung in Mittel- und Osteuropa für Doktoranden und Post-Doc'Âs vorgestellt und diskutiert werden sollen. Dieser Workshop...

The paper aims at a conceptual contribution to the normative economic analysis of rural de-velopment (RD) policies. RD is regarded as a problem of interaction between individuals; (lacking) structural change or the (missing) integration of externalities are therefore recon-structed as...

This paper argues that mainstream economics does not follow the positivist research tradition it (often implicitly) claims to follow and expresses some serious doubt that econometrics in particular can make economics a hard science. Mathematical rigour and sophisticated statistical techniques...

Changes in the rural labour market, especially the increase of rural non-farm employment are recognised as one dimension of structural change. Labour allocation decisions are driven by economic incentives such as wage differentials, but also non-economic motives may play a decisive role. This...