Article
Comparative Economic Studies (2006) 48, 156–182. doi:10.1057/palgrave.ces.8100146
Decline of Corporate Enterprises in Transitional Agriculture: Evidence from Lithuania
Dirk J Bezemer1, Donatas Stanikunas2 and Romualdas Zemeckis2
- 1Department of Economics, University of Groningen, The Netherlands. E-mail: d.j.bezemer@rug.nl
- 2Lithuania Institute of Agrarian Economics, V.Kudirkos 18, LT-2600, Vilnius, Lithuania
Abstract
In most transition economies, agricultural reforms have led to the emergence of family farms and household food production and to the decline of corporate farms. This study explores that trend for the case of Lithuania based on secondary information and primary survey data. The structure of corporate farms and links to the economic environment are explored. Specific hypotheses on the reasons for the profitability crisis in corporate farms are developed and tested. The paper concludes with a critical discussion of current changes in farm structures in the transition economies.
Keywords:
transition, agriculture, enterprise restructuring, survey data, ordered probit model
JEL Classifications:
P46; Q12; R20; O12; O18
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