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ASSET ILLIQUIDITY, EXCLUSORY LAWS, AND LAND REFORM: THE CASE OF FOREIGN OWNERSHIIP OF HUNGARIAN AGRICULTURAL LAND AgEcon
Coakley, Jaime; Gow, Hamish R..
The ownership of agricultural land by foreign nationals is currently an extremely sensitive political issue in many of the Central and Eastern European (CEE) countries as they move towards European Union accession. During the past decade economic reforms in CEE have resulted in substantial welfare declines within agricultural sectors across the region. Generally, all agents within the agri-food chain have faced similar problems of decreasing terms of trade, increased competition, lack of financial resources and thin markets for both the sale of their output as well as for the sale of their underlying assets if so inclined (Swinnen and Macours, 2000). As a result, farmers have found themselves in severe financial distress and forced to operate at...
Tipo: Conference Paper or Presentation Palavras-chave: Land Economics/Use.
Ano: 2001 URL: http://purl.umn.edu/20709
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