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This article investigates dairy farm investment behaviour and the presence of soft budget constraints in the dairy farms of Baltic and Central European transition countries - Estonia, Hungary and Slovenia - using individual dairy farm accountancy panel data for the years 2007–2015. The...
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Total Factor Productivity (TFP)is often used on the macro-economic level as an indicator of changes in efficiency of a … country. In many transition economies TFP is seen to have been negative the last decade of the plan economy and starts … enterprises with potential closed down as well. This raises the question whether changes in TFP were really attributable to …
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