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Library Contracts, payment delays and firm growth: Evidence from Bulgarian agriculture

Contracts, payment delays and firm growth: Evidence from Bulgarian agriculture

Contracts, payment delays and firm growth: Evidence from Bulgarian agriculture

Resource information

Date of publication
April 2010
Resource Language
ISBN / Resource ID
AGRIS:US2016206908

The transition of a centrally planned to a more market economy provides a natural Experiment on the role of institutions and exchange in economic growth. This paper uses a unique dataset based on a survey of 305 dairy producing and supplying households in Bulgaria to analyze the impact of late payments for delivered products and farm assistance programs. The results of the dynamic panel analysis indicate that late payments have a negative influence on farm growth, while contracting with interlinked farm assistance programs, had a positive effect on farm growth.

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Authors and Publishers

Author(s), editor(s), contributor(s)

Swinnen, Johan F.M.
Van Herck, Kristine

Data Provider
Geographical focus