Liquidity and productivity in Russian agriculture: Farm data evidence

Research output: Chapter in Book/Report/Conference proceedingConference paper

Abstract

The Russian agricultural sector has experienced many problems since the beginning of the 1990s that resulted in a fall in farm output. Employing a production function approach and, unlike other studies, farmlevel data on more than 20,000 Russian large-scale farms for the period 1995-2000, this study analyzes the impact of both production (land, labour, capital, materials) and financial (debts and budget transfers) determinants on the productivity. Inter-regional differences such as weather conditions and farm-specific features such as geographical location, management and soil quality are taken into account employing the fixed-effect estimation. The findings show that Russian farms operate under liquidity constraints that lower their productivity.
Original languageEnglish
Title of host publicationReshaping Agriculture's Contribution to Society: Proceedings of the 25th International Conference of Agricultural Economists
Place of PublicationIrene, South Africa
PublisherIAAE
Pages399-408
Number of pages9
ISBN (Print)9780958460989
Publication statusPublished - 2003
Event25th International Conference of IAAE -
Duration: 16 Aug 200322 Aug 2003

Conference

Conference25th International Conference of IAAE
Period16/08/0322/08/03

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