Accession of Bulgaria to the European Union is expected to result in increases in the prices of all types of real estate, these changes are expected to differ across the segments of the national real estate market. Real estate prices have been inXuenced primarily by local demand, government...

This paper reviews and interprets existing information and transaction costs theories of firm organization and entrepreneur's role in order to provide a consistent explanation of the farm-sector dynamics in former communist countries. Important determinants of farm restructuring are economic...

The effects of the CAP payments on indirectly generated non-farm jobs in small and medium-sized enterprises (SMEs) are central to job creation. This chapter examines whether there are differences in these effects according to business location (rural or urban), the agricultural supply chain, and...

The payment of sunk costs associated with the entry to foreign export markets highlights the significance of financial dimension in the firm decision. The sunk costs become a challenge for the financially constrained firms. In this paper, we study the relationship between financial constraints...

This paper evaluates the household food security situation in Kenya in terms of access to food. We apply a quadratic almost ideal demand system (QUAIDS) model to nationally representative household survey data from Kenya, and estimate and interpret price and expenditure elasticities as...

Bulgaria has a long tradition of smallholder farming, predominantly producing for selfconsumption. As a result of land reform and farm restructuring, many rural households received agricultural land. Some developed commercial farms but most households stayed as subsistence farmers and used their...

Food insecurity remains a vital concern in Kenya. Vulnerable members of the population, such as children, the elderly, marginalised ethnic minorities, and low-income households, are disproportionately affected by food insecurity. Following the pioneering work of Sen, which examined exposure to...

How firms use workforce size adjustment as a strategic response to external shocks such as exchange-rate fluctuations is an important but not yet fully understood topic. To address the void in the literature, we apply the strategy tripod theoretical framework, which sees the external shocks as...

This paper presents evidence on the impact of individual as well as regional characteristics on the dynamics of fat, protein, alcohol and cigarette consumption, and on the diversity of the diet in Russia between 1994 and 2005. All those aspects of nutritional behavior are important inputs to the...