The Economic Activity of Private Farms in Romania During Transition: Just How Competitive are They?

Centre for Economic Reform and Transformation Working Paper No. DP98/07

48 Pages Posted: 4 Jan 1999

See all articles by Junior R. Davis

Junior R. Davis

Heriot-Watt University

Angela Gaburici

Economic Forecasting Institute, Romania

Date Written: June 1998

Abstract

In this paper we attempt to avoid the usually legalistic approach to surveys of farm reform and the development of a viable private farming sector in transition economies. Instead, we argue that a better understanding of the Romanian private farming sector and its interaction with the rural financial market is gained where broader economic, demographic, sociological and political factors are incorporated in the analysis. Therefore this paper discusses the main characteristics of private farming in Romania in the context of the aforementioned factors. Finally, we evaluate the financial performance and competitiveness of private farms and the severity of the economic problems they face in Romanian agriculture.

JEL Classification: Q12, Q15, D4

Suggested Citation

Davis, Junior R. and Gaburici, Angela, The Economic Activity of Private Farms in Romania During Transition: Just How Competitive are They? (June 1998). Centre for Economic Reform and Transformation Working Paper No. DP98/07, Available at SSRN: https://ssrn.com/abstract=142334 or http://dx.doi.org/10.2139/ssrn.142334

Junior R. Davis (Contact Author)

Heriot-Watt University

Angela Gaburici

Economic Forecasting Institute, Romania

Bucharest
Romania

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