Arbeitspapier

Russian agri-food sector: 16 months after the breakdown of the monetary system

In August 1998 the Russian foreign exchange market and financial system collapsed. As a consequence the rouble devaluated in real terms against the currencies of the main trade partners, generating an output push in the agri-food sector. This improved the financial health of most producer, thus opening a window of opportunity enhancing the long run growth prospects. But, it is not apparent whether the agri-food sector make use of the enhanced circumstances. Insufficient incentive systems due to non-enforcement of legal rules within firms and farms and lack of credibility of Russian government promote a rent-seeking behaviour of employer and employees. Thus, it could be expected, that the non-price competitiveness of Russian products will rather worsen than getting better.

Sprache
Englisch

Erschienen in
Series: Discussion Paper ; No. 25

Klassifikation
Wirtschaft
Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Socialist Systems and Transitional Economies: National Income, Product, and Expenditure; Money; Inflation
Agriculture: Other
Thema
agrifood sector
macroeconomic environment
exchange rate policy
agricultural credit market
Russia
Land- und Ernährungswirtschaft
Wechselkurspolitik
Makroökonomische Rahmenbedingungen
Agrarkreditmarkt
Russland
Landwirtschaft
Nahrungsmittelgewerbe
Branchenkonjunktur
Währungskrise
Agrarkredit
Inflationssteuer
Rent Seeking
Internationaler Wettbewerb
Russland

Ereignis
Geistige Schöpfung
(wer)
Poganietz, Witold-Roger
Ereignis
Veröffentlichung
(wer)
Institute of Agricultural Development in Central and Eastern Europe (IAMO)
(wo)
Halle (Saale)
(wann)
2000

Handle
URN
urn:nbn:de:gbv:3:2-22906
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Poganietz, Witold-Roger
  • Institute of Agricultural Development in Central and Eastern Europe (IAMO)

Entstanden

  • 2000

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