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Investment and financial constraints in Hungarian agriculture |
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| Authors: | Lajos Zoltn Bakucs Imre Fert&#x; Jzsef Fogarasi |
| Institution: | aInstitute of Economics, Hungarian Academy of Sciences, Budapest, Budaorsi ut 45, H-1112, Hungary;bCorvinus University of Budapest, Budapest, Fővám tér 8, H-1093, Hungary;cAgricultural Economics Research Institute Budapest, Zsil u.3-5, H-1093, Hungary |
| Abstract: | We investigate credit market imperfections in Hungarian agriculture. Farmers with low debts and using mainly rented land are liquidity constrained. We find also evidence for the presence of soft budget constraint for high debt and corporate farms. |
| Keywords: | Farm investment Financial constraints Soft budget constraint Transition agriculture |
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