The nature of agroparks: synergy versus risk

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

An ideal agropark is envisaged as a planned agribusiness system in which all activities are geared towards sustainable development based on the principles of industrial ecology. The agropark concept offers in theory a variety of economic advantages as well as environmental benefits. The implementation of the concept, however, has encountered many challenges. This paper introduced an analytical framework for evaluating the synergy and risk of agroparks. The analysis brought into prominence the impact of institutional arrangements on the success or failure of agropark formation. An overview of the risks related to the agropark concept was provided. It was concluded that the key to successful formation and operation of the an agropark is the choice of proper institutional arrangements that create high incentives to cooperate and incur low institution cost
Original languageEnglish
Pages (from-to)509-523
JournalAgribusiness
Volume27
Issue number4
DOIs
Publication statusPublished - 2011

Keywords

  • transactions
  • embeddedness
  • organization

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