Rural Factor Markets in the European Union Candidate Countries
Proceedings of 8th International Conference «Economic Integration, Competition and Cooperation», 6-9 April, Opatija, University of Rijeka – Faculty of Economics, CD with Full papers
11 Pages Posted: 20 Mar 2013 Last revised: 21 May 2013
Date Written: April 6, 2011
The European rural factors markets have been changed rapidly. This current paper adds analyses of rural factor markets in the European Union candidate countries with focus on three candidate countries: Croatia, Former Yugoslav Republic of Macedonia and Turkey. We analyze aggregate capital market indicators and their dynamics, farm level distributions and developments, factors driving land and rural labour markets.
We analyse and compare agricultural land structures, agricultural farm sizes, and rural labour market developments between the three candidate countries. The analyses are based on the available cross-section and time-series evidence on rural factor markets, particularly on agricultural land structures, agricultural farm sizes, and rural labour market structures using the share of rural agricultural population, similarities and differences in characteristics of rural labour markets. In general rural capital markets explore similarities with general capital market developments. Agricultural land structures are results of historical evolution in land markets and land leasing developments with additional different institutional environments and agrarian and land reforms. The farm size measured by the size of agricultural land per farm has increased, but varies between the countries. At the same time the reduction of labour in agriculture has been substituted by a greater use of capital equipment and more capital intensive technologies.
Keywords: capital market, farm size, land market, labour market, rural areas, European Union, candidate countries
JEL Classification: J21, J43, O13, P52, Q12, Q15
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