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Does the agricultural policy foster agricultural development? Evidences on corrections of the rural capital market imperfections in the Republic of Macedonia

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  • Simonovska, Ana
  • Gjosevski, Dragan

Abstract

In transition economies, capital structure decisions are not driven from the market, but on farmers’ expectations to receive financial support from the government. These observations raise the necessity for empirical evidences for RM on whether agricultural support programs, affecting capital structure decisions and other specific farm structural characteristics, foster improvements in farm performance. The results support that agricultural companies worry less about their capital structure hindering investments and thus, restructuring of the agriculture.

Suggested Citation

  • Simonovska, Ana & Gjosevski, Dragan, 2014. "Does the agricultural policy foster agricultural development? Evidences on corrections of the rural capital market imperfections in the Republic of Macedonia," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182943, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae14:182943
    DOI: 10.22004/ag.econ.182943
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    References listed on IDEAS

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    Keywords

    Agricultural and Food Policy; Land Economics/Use;

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