Title

Privatizing state farms in Yugoslavia

Abstract

The objective of this paper is to show the effects of alternative sectoral policies on privatization, production, labor use, and agricultural trade in Yugoslavia's agricultural sector. Bilevel programming method is used since decision making process involves the independent decision making units, namely government and state and private farms. Most important results of the model indicate that policies inducing moderate and partial privatization in the short and intermediate run will best increase efficiency of the agricultural sector. Even partial privatization, however, does not prevent an immediate layoff of a large portion of the state sector agricultural workers what may cause further destabilization of the economy.

Department(s)

Agribusiness, Education, and Communication

Document Type

Article

DOI

https://doi.org/10.1016/S0161-8938(02)00101-1

Keywords

Agriculture, Bilevel programming, Economic transition, Privatization, Yugoslavia

Publication Date

6-25-2002

Journal Title

Journal of Policy Modeling

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