The effect of soft budget constraint and credit-market imperfections on investments in Hungarian agriculture

• Authors: Ferto I. , Bakucs L.Z. , Fogarasi J.
• Languages of publication: HU

Abstracts

EN

The study uses econometric methods to examine imperfections in Hungarian agriculture in the 2001-5 period. The findings confirm the presence of credit-market imperfections in the whole sample examined. Financing constraints are faced by farms with a low stock of debt, mainly farming rented land. Further calculations show the presence of softness of the budget constraint on highly indebted agricultural firms.

Keywords

EN

HUNGARIAN AGRICULTURE IMPERFECTIONS; SOFT BUDGET CONSTRAINT

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2007
• Volume: 54
• Issue: 4
• Pages: 322-333
• Document type: ARTICLE

Contributors

author

Ferto I.

author

Bakucs L.Z.

author

Fogarasi J.

• I. Ferto, no address given, contact the journal editoer

Identifiers

CEJSH db identifier

07HUAAAA02996141