Success and Failure of Reform : Isights from the Transition of Agriculture

The paper analyzes the linkages between the reform strategies in transition countries and economic performance. We focus on agriculture because of the sharpness of the policy changes, fundamental differences among countries, and relative simplicity of agricultural relationships. We document post...

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Bibliographic Details
Main Authors:	Rozelle, Scott, Swinnen, Johan F.M.
Format:	Journal Article
Language:	English en_US
Published:	American Economic Association 2016
Subjects:	FISH CENTRAL PLANNING ECONOMIC GROWTH PRODUCTION PRICE LEVELS PRICE INCREASES INCOME EXPECTATIONS AGRICULTURAL PRODUCTION PRODUCERS PROPERTY RIGHTS EXCHANGE FINANCIAL RESOURCES LABOR FORCE PRODUCTION INCREASES PLANNED ECONOMY POLITICAL ECONOMY ECONOMIC STRUCTURE CENTRALLY PLANNED ECONOMIES WELFARE INCENTIVES ECONOMIC POLICY DISTRIBUTION VARIABLES PRICING BUDGET CONSTRAINTS EMPIRICAL STUDIES SUBSIDY INPUTS OWNERSHIP PAYMENTS BANKRUPTCY INPUT PRICES AGRICULTURAL OUTPUT SOFT BUDGET CONSTRAINTS TRENDS ECONOMIC ACTIVITY DEVELOPMENT CHOICE PLANNED ECONOMIES CONTRACTUAL ARRANGEMENTS INFLUENCE TOTAL FACTOR PRODUCTIVITY ORGANIZATIONAL FORM COSTS OIL DEVELOPMENT ECONOMICS INPUT USE POPULATION GROWTH RENT PRODUCTIVITY ECONOMETRICS LABOR PRODUCTIVITY OPTIONS INDUSTRIALIZATION FAILURES MONOPOLY QUOTAS LIVESTOCK PRODUCTS MARKET LIBERALIZATION CRITERIA DEBT MARKETS WTO VARIABLE INPUTS ECONOMIC REFORMS TRADE POLICY SUBSIDIES ECONOMIC RESEARCH FOOD PRODUCTION TAXES LAND USE RESOURCES SCARCITY VALUE DEREGULATION PRODUCTIVITY GROWTH HUMAN CAPITAL VALUE ADDED OPPORTUNITY COST ECONOMIC PERFORMANCE WAGES ECONOMETRIC ANALYSIS SHADOW PRICES COUPONS PRODUCTIVITY INCREASES FINANCIAL CRISIS MARKET PRICES VALUE POLICY MAKERS FACTOR DEMAND CREDIT MACROECONOMICS DEVELOPMENT STRATEGY INEFFICIENCY ECONOMY AGRICULTURE CONSUMERS PRODUCTION EFFICIENCY PROPERTY DECISION MAKING MEASUREMENT SHARES AGRICULTURAL SYSTEMS TRANSACTION COSTS ENVIRONMENT CONCEPTUAL FRAMEWORK TRADE LIBERALIZATION PRODUCTION FUNCTION ECONOMICS TERMS OF TRADE TAX REVENUE PROFITABILITY COMPARATIVE ECONOMICS CAPITAL USE TAXATION ECONOMIC DEVELOPMENT TRADE INDUSTRIAL ECONOMY GDP GOODS LAND THEORY BANK LOANS COMPARATIVE ANALYSIS GROWTH RATE INVESTMENT TRANSITION ECONOMY TRANSACTIONS COSTS SUPPLY REVENUE EMPIRICAL EVIDENCE EQUILIBRIUM PRICES FREE MARKETS ECONOMIC HISTORY TRANSITION ECONOMIES PASTURES TOTAL OUTPUT ARBITRAGE PROFITS PRICE CONTROLS OUTCOMES POSITIVE EFFECTS PRICES FUTURE RESEARCH
Online Access:	http://documents.worldbank.org/curated/en/2016/03/26104362/success-failure-reform-insights-transition-agriculture http://hdl.handle.net/10986/24115

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Summary:	The paper analyzes the linkages between the reform strategies in transition countries and economic performance. We focus on agriculture because of the sharpness of the policy changes, fundamental differences among countries, and relative simplicity of agricultural relationships. We document post reform performance in the transition countries of Asia and Europe. We show how: a.) pricing reform and subsidy reductions; b.) land rights reform and policies that affect farm restructuring; and c.) the presence institutions that facilitate exchange (either markets or market substitutes) affect output and productivity. The paper ends with general lessons on reforms and transition.

Success and Failure of Reform : Isights from the Transition of Agriculture

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