“Agricultural soft budget constraints in new European Union member states” by Imre FERTŐ, Štefan Bojnec, József Fogarasi and Ants Hannes Viira was published in Journal of Institutional Economics.
This article investigates farm investment behaviour and the presence of soft budget constraints in the agricultural sectors of three Central and Eastern European countries – Estonia, Hungary and Slovenia – using individual farm accountancy panel data for the 2007–2015 period. Gross farm investment is positively associated with gross farm investment for the previous year, growth in real sales and public investment subsidies. Mixed results for debt square and cash flow variables imply that the different investment behaviour of farms pertains to different structures of investment sources among the countries under analysis. A particularly significant negative cash flow coefficient implies strong soft budget constraints for Estonian farms, while insignificant cash flow coefficients imply weak soft budget constraints for Hungarian and Slovenian farms.
Venue: MTA HTK 1097 Budapest Tóth Kálmán u. 4. fszt. K011-12-es előadóterem Marc Kaufmann (CEU) Excuse-Driven Present Bias Abstract: In a laboratory experiment, we test the hypothesis that people behave in more present-biased ways when they ... Details »
Venue: MTA HTK 1097 Budapest Tóth Kálmán u. 4. fszt. K011-12-es előadóterem Inequality is rising where social network segregation interacts with urban topology Gergő Tóth, Johannes Wachs, Riccardo Di Clemente, Ákos Jakobi, Bence Ságvári, János Kertész ... Details »
Venue: Budapest, Fővám tér 8. 1093 The Financial Research Centre, Department of Finance, Corvinus Business School, Corvinus University of Budapest and the Game Theory Research Group, Centre for Economic and Regional Studies, ... Details »
“Agricultural soft budget constraints in new European Union member states” by Imre FERTŐ, Štefan Bojnec, József Fogarasi and Ants Hannes Viira was published in ... Details »
“FDI according to ultimate versus immediate investor countries: which dataset performs better?” by Imre FERTŐ and Magdolna SASS was published in Applied Economics Letters. ... Details »
“The effect of primary care availability on antibiotic consumption in Hungary: a population based panel study using unfilled general practices” by Anikó BÍRÓ and ... Details »