STUDYING INVESTMENT PATTERNS IN RUSSIAN AGRICULTURE

Raushan Bokusheva (), Irina V. Bezlepkina and Alexander Kupavych

No 7803, 104th Seminar, September 5-8, 2007, Budapest, Hungary from European Association of Agricultural Economists

Abstract: The study analyzes the investment behavior of Russian farms during the period of economic stabilization that followed the financial crisis of 1998. While the literature primarily uses accelerator and adjustment costs models to describe farms' investment behavior in the context of transition countries, our study reveals that error-correction formulation of the investment equation is more suited to analyzing Russian farms' investment patterns. In addition, by distinguishing between different categories of farms, we reveal significant differences in the investment patterns, not only across farms both with and without access to external finance, but also across mature and newly-established farms, owner- and employee-managed farms, and farms with high and low managerial competence, respectively.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Pages: 21
Date: 2007
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaa104:7803

DOI: 10.22004/ag.econ.7803

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