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Disentangling the Social and Economic Dimensions of Agricultural Behaviour: What Role for Institutions and Social Capital? AgEcon
Kostov, Philip; Lingard, John.
Agricultural production is increasingly combined with other economic and noneconomic activities. This leads to complex interactions taking place within rural systems. The recent policy shift towards a more holistic approach in terms of integrated and sustainable models of rural development emphasises these developments. In this context the role of 'noneconomic' determinants of behaviour is placed to the fore. The orthodox economic approach stresses (almost) instantaneous adjustments to prices and other 'economic' factors. This is at odds with idealised images of the 'efficient' market, which is characterised by a great deal of uncertainty. In such a volatile environment, routines-based behaviour, such as following institutional rules and/or socially...
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2005 URL: http://purl.umn.edu/24436
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