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Agroholdings, turbulence, and resilience: The case of Ukraine

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  • Gagalyuk, Taras
  • Valentinov, Vladislav

Abstract

The agricultural sector in transitional and emerging market economies is marked by the prominence of agroholdings, i.e., conglomerates of agricultural enterprises controlling up to hundreds of thousands of hectares of farmland. Drawing on secondary information from Ukraine, this paper explores how institutional turbulence gives rise to agroholdings. The key hypothesis is that membership in an agroholding presents a strategy for agricultural enterprises to remain resilient in the midst of the severe institutional turbulence characteristic of a transitional economy. The focus on resilience provides a tentative explanation of why the remarkable growth of agroholdings fails to be accompanied by evidence of their superior efficiency.

Suggested Citation

  • Gagalyuk, Taras & Valentinov, Vladislav, 2019. "Agroholdings, turbulence, and resilience: The case of Ukraine," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 24(3), pages 484-496.
    • Handle: RePEc:zbw:espost:313536
    DOI: 10.5771/0949-6181-2019-3-484
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    More about this item

    Keywords

    agroholdings; environmental turbulence; firm growth; resilience; transition economy;
    All these keywords.

    JEL classification:

    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • P32 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Collectives; Communes; Agricultural Institutions
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets

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