Abstract
This paper analyzes how policy reforms and other factors have effected agricultural output in Central and Eastern Europe since 1989. Price liberalization and subsidy cuts caused a decline in relative prices for agriculture, contributing to almost half of the output decline. Transition uncertainty and severe drought each caused an average output fall of around 10%. Privatization, farm restructuring, and the associated disruptions affected output through input adjustments and production efficiency changes. Their impact differs between countries, as it is conditional on initial conditions and reform and liberalization in the rest of the economy.J. Comp. Econom., March 2000, 28(1), pp. 172–206. University of California, Berkeley, California 94720; Katholieke Universiteit Leuven, Belgium; European Commission, Brussels, Belgium.
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