Institutions, exchange and firm growth: evidence from Bulgarian agriculture
利用保加利亚调查数据，研究交换问题和制度创新对农场增长的影响，发现延迟支付有负面影响，而关联合同有正面作用。
The transition from a centrally planned to a more market-oriented economy provides a natural experiment on the role of institutions and exchange in economic development, and more specifically on firm growth. This paper uses survey data from Bulgaria to analyse the impact of exchange problems and institutional innovations on farm growth. Late payments have a negative influence on farm growth, while contracting with interlinked programmes has a positive effect on farm growth. , Oxford University Press.