Nonpayments, Bankruptcy and Government Support in Russian Agriculture

Olga Yastrebova ()
Additional contact information
Olga Yastrebova: NEI – Netherlands Economic Institute and Lomonosov State University, Moscow, Russia.

Comparative Economic Studies, 2005, vol. 47, issue 1, 167-180

Abstract: Russian corporate farms are characterised by low profitability and high indebtedness, which are a major obstacle to their access to credit. The government's subsidised credit programme reduces the cost of borrowing, but access is effectively limited to about 25% of farms that meet both government and bank conditionalities. Government-sponsored machinery leasing is a state monopoly with strong monopolistic effects. The marginal impact of government support programmes requires careful rethinking of the role of government in agricultural finance. To be successful, Russian farms need fewer barriers to the proper functioning of market channels, not necessarily more support. Comparative Economic Studies (2005) 47, 167–180. doi:10.1057/palgrave.ces.8100088

Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.palgrave-journals.com/ces/journal/v47/n1/pdf/8100088a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/ces/journal/v47/n1/full/8100088a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:compes:v:47:y:2005:i:1:p:167-180

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41294/PS2

Access Statistics for this article

Comparative Economic Studies is currently edited by Nauro Campos

More articles in Comparative Economic Studies from Palgrave Macmillan, Association for Comparative Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().