Does individualization help productivity of transition agriculture?

Rizov, Marian (2005) Does individualization help productivity of transition agriculture? Agricultural Economics, 33 (2). pp. 215-227. ISSN 0169-5150

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Does individualization help productivity of transition agriculture?

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There are large differences across transition countries with respect to agricultural-sector performance and corresponding scope of farm restructuring and shift to individual farming. In this article we analyze the impact of individualization on productivity growth within an augmented neoclassical growth model framework. This approach allows us to circumvent criticisms on the grounds of lack of theoretical and objective criteria for inclusion of explanatory variables. Furthermore, in the empirical analysis using a panel data covering 15 transition countries over the period 1990–2001 and applying a generalized method of moments with instrumental variable estimator we are able to control for the impact of various actors and the potential endogeneity of variables. Our estimation results are robust and support the view that the shift to individual farming, as well as the overall economic reforms, has positively contributed to the productivity growth in agriculture during the first decade of transition.

Keywords:Agriculture, Individual farming, Productivity, Growth, Economic transition
Subjects:L Social studies > L140 Econometrics
L Social studies > L112 Agricultural Economics
L Social studies > L430 Public Policy
L Social studies > L120 Microeconomics
Divisions:Lincoln International Business School
ID Code:19056
Deposited On:21 Oct 2015 14:52

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