Allocative Efficiency in Russian Agriculture: The Case of Fertilizer and Grain
2003
Liefert, William | Gardner, Bruce | Serova, Evgenii︠a︡ Viktorovna
This paper examines the allocative efficiency of Russian use of mineral fertilizers to produce grain, assessed from the point of view of both domestic and trade prices, during the years 1990 and 2000. It uses the results to analyse whether fertilizer is being used at its optimal level, and whether the major changes in the volumes of fertilizer use and trade during transition have been economically rational. Implications for agricultural policy in Russia are then discussed.
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