Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

Includes cover page, journal info, contents page, and editorial information

This paper examines changes in the allocation of public funds between production related public goods (PRPGs) and labour augmenting public goods (LAPGs) once elected village leaders replaced an appointment system. We derive a two-period theoretical model in which the interest of appointed...

This paper investigates the effects of network based individual social capital on the access of rural households to services. In the context of development economics, an innovative data collection approach is used to determine network based social capital. The approach originates from the field...

The IFAMR is published quarterly by the International Food and Agribusiness Management Association. For complete library visit: www.ifama.org

The IFAMR is published quarterly by the International Food and Agribusiness Management Association. For complete library visit: www.ifama.org

The theory of path dependency reveals that in the territories, where the population is characterized with worsened structure, the infrastructure is affected by underdeveloped problems and the amenities are not enough evinced, it is difficult to expect designation of activities, creating new...

The absolute and relative decline of the rural population numbers is one of the most evident features of demographic development in Slovakia. The most intensive decline was observed during the period of extensive urbanization (1970—1985). The general political and socio-economic changes...

In practice the EU suggestions are translated mechanically to national and regional policies, in many instances, without taking into account the real interests and needs of the inhabitants at different regional levels. This way the capitalization of EU policies and funds is not as efficient as...

The article analyses the impact of agricultural trade liberalisation on economic growth as well as on the welfare of rural livelihoods in developing countries through technological transformation in the agricultural sector. The article, based on existing literature, considers the background and...