Property Rights and Farm Efficiency: Evidence from Ukraine

Economic Change and Restructuring, Vol. 44, No. 4, pp. 279-295, 2011

17 Pages Posted: 1 Mar 2011 Last revised: 25 Sep 2020

Date Written: May 10, 2010

Abstract

This paper studies the effect of property rights regime on farm efficiency, using a high-quality representative sample from Ukraine’s agricultural sector. At the farm level, I find that a fully delineated and secure system of property rights leads to large positive gains in efficiency. In Ukraine, farms with a well-defined and enforced governance system have twenty percent higher level of productive efficiency and nine percent higher level of technical efficiency as compared to farms with a contractual incompleteness. The ownership arrangement has profound effect on agricultural production in Ukraine.

Keywords: farm, property rights, economic organization, efficiency, Ukraine

JEL Classification: D23, D24, D61, P26, R15

Suggested Citation

Krasnozhon, Leonid, Property Rights and Farm Efficiency: Evidence from Ukraine (May 10, 2010). Economic Change and Restructuring, Vol. 44, No. 4, pp. 279-295, 2011, Available at SSRN: https://ssrn.com/abstract=1773007

Leonid Krasnozhon (Contact Author)

Loyola University New Orleans ( email )

6363 St. Charles Avenue
New Orleans, LA 70118
United States

HOME PAGE: http://sites.google.com/site/leonidkrasnozhon/

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