Human capital and the agrarian structure in transition: Micro evidence from Romania

Marian Rizov

EconStor Open Access Articles and Book Chapters, 2005, vol. 26, issue 1, 119-149

Abstract: This paper examines determinants of the agrarian structure in transition economies with an emphasis on the role of rural households’ human capital. Farm restructuring has resulted in a broad range of farm types, such as co-operatives, partnerships, individual farms and combinations of them. In our theoretical model the fact that household resources are allocated into different organization modes is attributed to the utility maximization strategy of heterogeneous agents deriving income from uncertain sources in the face of absent or imperfect factor markets. Empirical results from a multinomial logit model estimated with data from two-year nation-wide survey of Romanian rural households support the hypothesis that the current agrarian structure is primarily determined by both the human capital characteristics of and economic risks faced by the households.

Keywords: human capital; rural households; farming; economic transition (search for similar items in EconPapers)
JEL-codes: D10 J20 P20 R20 (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/183164/1/Rizov%20EID2005.pdf (application/pdf)

Related works:
Journal Article: Human Capital and the Agrarian Structure in Transition: Micro-Evidence from Romania (2005)
Working Paper: HUMAN CAPITAL AND THE AGRARIAN STRUCTURE IN TRANSITION: MICRO EVIDENCE FROM ROMANIA (2003)
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:zbw:espost:183164

Access Statistics for this article

More articles in EconStor Open Access Articles and Book Chapters from ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().