The Allocative Efficiency of Material Input Use in Russian Agriculture

William Liefert ()

Comparative Economic Studies, 2005, vol. 47, issue 1, 214-223

Abstract: This paper examines the allocative efficiency of use of material inputs, and fertiliser in particular, in Russian agriculture during the transition from a planned to a market economy. The results indicate that inputs in the aggregate are overused (their purchase price exceeding the value of their marginal product), though fertiliser is underused. The findings support the argument that the substantial drop in agricultural input use during transition has been economically rational. Comparative Economic Studies (2005) 47, 214–223. doi:10.1057/palgrave.ces.8100086

Date: 2005
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