IDEAS home Printed from https://ideas.repec.org/a/oup/erevae/v26y1999i3p349-70.html
   My bibliography  Save this article

The Impact of Financial Crisis on Russia's Agro-Food Sector

Author

Listed:
  • Serova, Eugenia
  • von Braun, Joachim
  • Wehrheim, Peter

Abstract

Russia's 1998 financial crisis, although a result of home-made causes, was triggered by effects from international financial crises. In the agro-food economy, many households reacted to declining real income and rapidly rising prices by stockpiling food to meet short-term needs. In the medium term, further substitution of inferior for normal products and increased household production will be encouraged. The crisis should increase the price competitiveness of domestic agriculture and the food industry. However, greater price competitiveness may not compensate for the negative impact of the overall declining performance of the Russian economy on the agro-food sector. The sector's potential to adjust to the price signals sent by the crisis is limited by Russia's poor institutional setting and extensive bartering in agro-food exchanges. Along with ad hoc policies to counteract potential food shortages, some protectionist measures were also introduced. Therefore, the crisis may further increase the inconsistency of Russia's agro-food policies. Copyright 1999 by Oxford University Press.

Suggested Citation

  • Serova, Eugenia & von Braun, Joachim & Wehrheim, Peter, 1999. "The Impact of Financial Crisis on Russia's Agro-Food Sector," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 26(3), pages 349-370, August.
    • Handle: RePEc:oup:erevae:v:26:y:1999:i:3:p:349-70
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Koshelev, Valery M. & Bezlepkina, Irina V. & Bogdanovitch, Galina V., 2002. "Recent Development in Russian Agro-Food Sector and Its Further Policies," 13th Congress, Wageningen, The Netherlands, July 7-12, 2002 6961, International Farm Management Association.
    2. Bezlepkina, Irina V., 2002. "What is Behind the Fall in Russian Agricultural Production?," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24785, European Association of Agricultural Economists.
    3. Raushan Bokusheva & Irina Bezlepkina & Alfons Oude Lansink, 2009. "Exploring Farm Investment Behaviour in Transition: The Case of Russian Agriculture," Journal of Agricultural Economics, Wiley Blackwell, vol. 60(2), pages 436-464, June.
    4. Serova, Eugenia, 2000. "Land Reforms and Emerging Agri-food Markets: the Russian Experience," 2000 Conference, August 13-18, 2000, Berlin, Germany 197198, International Association of Agricultural Economists.
    5. Poganietz, Witold-Roger, 2000. "Russian agri-food sector: 16 months after the breakdown of the monetary system," IAMO Discussion Papers 25, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    6. Poganietz, Witold-Roger, 2000. "Russian Agri-Food Sector: 16 Months After The Breakdown Of The Monetary System," IAMO Discussion Papers 14937, Institute of Agricultural Development in Transition Economies (IAMO).
    7. Weber, Gerald, 2003. "Russia's and Kazakhstan's agro-food sectors under liberalized agricultural trade: a case for national product differentiation," Economic Systems, Elsevier, vol. 27(4), pages 391-413, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:erevae:v:26:y:1999:i:3:p:349-70. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/eaaeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.