| In the paper the impact of macroeconomic determinants on the number and value of agricultural investment preferential credits in Poland is examined. This kinds of determinants are of an exogenous character and they cannot be controlled by individual farm. They are related to economic growth, price level changes, monetary policy, inflation, changes in foreign trade conditions. The econometric analysis showed that macroeconomic environment influenced farmers’ credit decisions at number and value of taken credits. The statistically significant variables in the case of these measures were the index of price relations of sold agricultural products to goods and services purchased by private farms (“price gap”), interest rate of central bank and real interest... |
