This paper aims to provide empirical evidence relating to the importance of contract enforcement for development. Survey data on Hungarian farms are used to estimate the impact of contract hold-ups on investment. We find that investment is affected by a variety of factors. Contract breaches in...

This paper considers whether the dual production structure now in place in central and eastern European countries (CEECs) is efficient and stable in the medium term. The large, recently emerged corporate and co-operative farm structures may not be stable because of conflicts inherent in...

This paper investigates the effects of the Common Agricultural Policy (CAP) payments on the indirectly generated non-farm jobs in small and medium-sized enterprises, which are central to job creation. It examines whether there are differences in the effect according to business location - rural...

This paper uses a political economy model which integrates risk to analyse whether the nature of public food standards [food safety standards, food quality standards, and social and environmental standards] affects the politically optimal level of the standard and the likelihood of trade...

The transition from a centrally planned to a more market-oriented economy provides a natural experiment on the role of institutions and exchange in economic development, and more specifically on firm growth. This paper uses survey data from Bulgaria to analyse the impact of exchange problems and...