Production Risk and Technical Inefficiency in Russian Agriculture

Posted: 29 Feb 2008

See all articles by Raushan Bokusheva

Raushan Bokusheva

Leibniz Institute of Agricultural Development in Transition Economies (IAMO)

Heinrich Hockmann

Leibniz Institute of Agricultural Development in Transition Economies (IAMO)

Abstract

This study investigates production risk and technical inefficiency as two possible sources of the production variability that characterised Russian agriculture during the last decade. The empirical analysis is conducted using panel data from 1996 to 2001 on 443 large agricultural enterprises from three regions in central, southern and Volga Russia. A production function specification accounting for the effect of inputs on both risk and technical inefficiency is found to describe production technologies of Russian farms more appropriately than the traditional stochastic frontier formulation.

Keywords: production risk, technical efficiency, panel data, Russian agriculture

Suggested Citation

Bokusheva, Raushan and Hockmann, Heinrich, Production Risk and Technical Inefficiency in Russian Agriculture. European Review of Agricultural Economics, Vol. 33, No. 1, pp. 93-118, 2006, Available at SSRN: https://ssrn.com/abstract=914817

Raushan Bokusheva (Contact Author)

Leibniz Institute of Agricultural Development in Transition Economies (IAMO)

Theodor-Lieser-Str.2
Halle, 06120
Germany

Heinrich Hockmann

Leibniz Institute of Agricultural Development in Transition Economies (IAMO) ( email )

Theodor-Lieser-Str.2
Halle, 06120
Germany

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