Changes and Constraints in Agrarian Institutions: Summary and Discussion

Michele L. Crumley

Chapter 7 in Sowing Market Reforms, 2013, pp 119-129 from Palgrave Macmillan

Abstract: Abstract After nearly seven years of declining agricultural growth, the Russian agrarian sector began turning around after the financial crisis in August 1998. Inflation soared to near 84 percent, but the price of food rose even higher. Depreciation of the ruble led to higher prices of domestically produced foods and imported foods and, consequently, immediate food consumption levels dropped. Although the government reduced subsides to the agrarian sector in real terms, regional governments did not decrease subsidies as much as the central government.1 Economic transition in the 1990s marked a clearly difficult period for Russian agricultural producers.

Keywords: Gross Domestic Product; World Trade Organization; Institutional Change; Political Culture; Market Reform (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31320-1_7

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DOI: 10.1057/9781137313201_7

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