Farm survival and growth in transition economies: theory and empirical evidence from Hungary
Full text is not in this repository.
This item is available in the Library Catalogue
Our conceptual model states that new individual farms may begin at a small, even sub-optimal, scale of production and then those farms that are successful will survive and grow, whereas those that are not will remain small and may ultimately be forced to exit from production. The samples of individual farms analysed throughout this article are drawn from the 1998 Farm Survey in Hungary. Our estimation results show that older and larger farms are more likely to survive, farm growth decreases with farm age when farm size is held constant and that learning considerations are important. Beside these standard results, in transition economies farmers', market and industry characteristics have a significant impact on the survival and growth rates of individual farm enterprises.
|Research Areas:||A. > Business School > Economics|
|Citations on ISI Web of Science:||10|
|Deposited On:||27 Feb 2009 15:35|
|Last Modified:||24 Mar 2015 13:14|
Repository staff only: item control page
Full text downloads (NB count will be zero if no full text documents are attached to the record)
Downloads per month over the past year