Rural development and financial markets in Romania

被引:1
作者
Heidhues F. [1 ]
Schrieder G. [1 ]
机构
[1] University of Hohenheim,
关键词
Economic Growth; Agricultural Production; International Economic; Financial Market; Rural Development;
D O I
10.1007/BF02295749
中图分类号
学科分类号
摘要
In the transition from a centrally planned to a market-oriented economy, such as in Romania, the domestic financial market plays two important roles. First, the financial market itself must be fundamentally restructured. Second, its efficient functioning is a crucial precondition for economic transformation. In transition economies, however, financial market institutions tend to concentrate their services on urban or larger rural enterprises. So far, small rural enterprises, even those with profitable investment plans, often do not have access to the financial market. This paper briefly characterizes the key issues of agricultural production units and their institutional environment and analyzes the depth and the efficiency of rural finance and its effect on Romania's rural economic transformation. It concludes with policy and institutional recommendations to strengthen rural finance. (JEL E40).
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页码:16 / 32
页数:16
相关论文
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