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 gives an overview of the recent developments in the field of the political economy and its applications to agricultural policies. It highlights the interaction between economic and political markets, political preferences, the influence of lobbying groups, voters and politicians, and...

Endogenous policy theory is used to explain developments in agricultural and trade policies in Central Europe (CE). There have been three phases since 1989. After the initial liberalisation, ad hoc interventions emerged to protect consumers and producers against the negative real income effects...