Does the agricultural policy foster agricultural development? Evidences on corrections of the rural capital market imperfections in the Republic of Macedonia

Ana Simonovska and Dragan Gjosevski

No 182943, 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia from European Association of Agricultural Economists

Abstract: In transition economies, capital structure decisions are not driven from the market, but on farmers’ expectations to receive financial support from the government. These observations raise the necessity for empirical evidences for RM on whether agricultural support programs, affecting capital structure decisions and other specific farm structural characteristics, foster improvements in farm performance. The results support that agricultural companies worry less about their capital structure hindering investments and thus, restructuring of the agriculture.

Keywords: Agricultural and Food Policy; Land Economics/Use (search for similar items in EconPapers)
Pages: 8
Date: 2014-08
New Economics Papers: this item is included in nep-agr and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae14:182943

DOI: 10.22004/ag.econ.182943

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