Why Has Poland Avoided the Price Liberalization Trap? The Case of the Hog-Pork Sector
研究了波兰在1989年价格自由化后,生猪-猪肉行业如何通过国企重组和私营企业出现,建立有效的价格传导机制,从而避免食品价格飙升而供应萎缩的陷阱。
Price liberalization in the agrifood economy in the transition economies is likely to slip into a trap: food prices rocket up, consumption declines, but food supply does not catch up and even contracts. However, during the transition period following the 1989 price liberalization, the Polish hog-pork sector succeeded in avoiding this trap. By conducting market structure and econometric analysis, this article looks for the reasons for this success. In the Polish hog-pork sector the restructuring of state-owned enterprises and the emergence of private firms introduced an effective price transmission mechanism between the processing-retailing and farm levels. This mechanism allowed farm supply to respond to changed demand and to take advantage of increased retail prices. Such a relatively efficient marketing system was made possible by a relatively stable macroeconomic environment and limited government intervention.