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The supply response of Bulgarian agriculture over the transition period
The objective of this paper is to estimate the price elasticity of supply for the major Bulgarian agricultural commodities. It estimates elasticities of total supply and of marketed quantities. The structural breaks in the economy due to transition do not allow the use of time series data and modern dynamic econometric analysis of supply response. Therefore, given such limitations, cross-section data from the regions were used. The results show that own total and cross-price elasticities are very low, indicating a low overall supply response to price changes, but high response of marketed quantities. In contrast, other factors such as incomplete land reform, market imperfections, etc., have a stronger impact on production than prices. Furthermore, macro-economic instability and transition have increased subsistence farming. This explains the paradox of a low overall supply elasticity but a high price elasticity of products supplied to market.
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Mots-clés
AGRICULTURE DE SUBSISTANCE, BULGARIE, CEREALE, ECONOMIE DE TRANSITION, ELASTICITE DES PRIX, MODELE ECONOMETRIQUE, OFFRE, PRIVATISATION, PRIX AGRICOLE, PRODUCTION ANIMALE, RENDEMENTCiter cet article
Mishev P., Tzoneva M., Ivanova N. The supply response of Bulgarian agriculture over the transition period. In : Mergos G. (ed.). Agricultural price reform under transition in Bulgaria, Romania, and Slovenia. Chania : CIHEAM, 1998. p. 147-154. (Options Méditerranéennes : Série B. Etudes et Recherches; n. 22). http://om.ciheam.org/om/pdf/b22/CI010247.pdf