Abstract
The specific system of governance is a critical factor, which to a great extent (pre)determines the type and speed of development in different countries, industries, regions, communities, etc. This article applies the New Institutional Economics framework (which is interdisciplinary and combines Economics, Organization, Sociology, Law, Political and Behavioral Sciences) and assesses the specific effects of the major components of the “external” institutional environment on the agrarian sustainability level in Bulgaria in different administrative, geographical and ecological regions, subsectors of agriculture and farms of various juridical type and size.
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