Institutions and sustainability – insights from Bulgarian agriculture
MPRA Paper from University Library of Munich, Germany
The specific system of governance is a critical factor, which to a great extent (pre)determines the type and speed of development in different countries, industries, regions, communities, etc. This article tries to fill the gap and assesses the impact of institutional environment on agrarian sustainability in Bulgaria. The interdisciplinary New Institutional Economics framework is applied and assessment made on specific effects of major components of the “external” institutional environment on agrarian sustainability level in different administrative, geographical and ecological regions, subsectors of agriculture, and farms of various juridical type and size. Our study has found out that individual elements of external institutional, market and natural environment affect quite unequally farms of different types, individual subsectors of agriculture, and specific ecological and geographical regions. This type of studies is to be expended and their precision and representation increased. The latter however, requires a close cooperation between all interested parties, and participation of the farmers, agrarian organisations, local and central authorities, interest groups, research institutes and experts, etc.
Keywords: institutional; market; natural environment; governance; agrarian sustainability; Bulgaria (search for similar items in EconPapers)
JEL-codes: D2 D21 D23 K0 O1 Q12 Q13 Q15 Q18 Q5 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:85682
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