We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Investment with weak contract enforcement: evidence from Hungary during transition.
- Authors
Azeta Cungu; Hamish Gow; Johan F. M. Swinnen; Liesbet Vranken
- Abstract
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 the form of delayed payments have a non-linear effect on investment: at high levels, they significantly deter the investment, but not at low levels.
- Subjects
HUNGARY; INVESTMENTS; BREACH of contract; CONTRACTS; FARM management
- Publication
European Review of Agricultural Economics, 2008, Vol 35, Issue 1, p75
- ISSN
0165-1587
- Publication type
Article
- DOI
10.1093/erae/jbn001