The 1980s and first half of the 1990s were a very active period in the field of political economy of agricultural protection. While the past decade has witnessed a slowdown in this area, there have been very important developments on political economy in other parts of the economics profession....

Factor Markets Coordination: Centre for European Policy Studies (CEPS), Brussels, Belgium

This is the first paper to analyze the impact of biofuels on the price transmission along the food chain. We analyze the U.S. corn sector and its vertical links with food and ethanol (energy) markets. We find that biofuels affect the price transmission elasticity in the food chain compared to a...

We investigate the food security situation of Slovak households in terms of both access to food and quality of the diet consumed by estimating food demand system and diet diversity demand models using household budget survey data over the period 2004 - 2010. In most samples demand for meat and...

In Western Europe, USA and other developed countries agriculture is dominated by small familyfarms. In Central and Eastern European Countries (CEEC) and Former Soviet Union (FSU) dualstructure of farms exists. There are large corporate farms (CF) and small family farms (FF) inCEEC and FSU. Our...

The present study examines factor contentin the CEE transition country agricultural trade.However, deviating from the traditional approach, wedo not test the HOV prediction. Instead, we examine thetheoretical predictions that relate the factor content ofinternational trade to cross-country...

We analyze university research and education in transition countries. University system differs from industry in the nature of product that it produces. University system is engaged in production of public goods rather than private goods. The sector also suffers from measurement problem. We...

The present study examines factor content of the CEE transition country agricultural trade. We examine the relative country abundance for labour, capital and land, and test the Heckscher-Ohlin-Vanek (HOV) hypothesis. Our empirical findings suggest that the factor content of agricultural exports...

Societies in Western civilisation enforce their rules through formal institutions such as secularism (SES), whereas in less developed civilisations often rely on informal institutions such as religion (RES). The present paper attempts to explain the determinants of societies’ choice between...

In light of the recent financial and economic crisis the present paper analyzes the determinants of loan default. We employ a unique firm-level panel data of 700 bank loans given to small and medium sized enterprises in Slovakia between 2000 and 2005 to investigate three loan default hypothesis....