The Comparative Analysis of Agricultural Financial Systems in Poland and Azerbaijan

Danilowska, A., Ismayilov, A., & Aliyev, K. (2014). The comparative analysis of agricultural financial systems in Poland and Azerbaijan. Acta Scientiarum Polonorum. Oeconomia, 13(3).

13 Pages Posted: 30 Jul 2020

See all articles by Khatai Aliyev

Khatai Aliyev

Azerbaijan State University of Economics (UNEC); Baku Engineering University

Altay Ismayilov

Azerbaijan State University of Economics (UNEC); Knowledge Economy Research Center

Alina Danilowska

affiliation not provided to SSRN

Date Written: 2014

Abstract

This paper makes a comparative analysis of agricultural financial systems in Poland and Azerbaijan. Poland as a member the of EU has developed its system under Common Agricultural Policy of the EU and so-called domestic support. The system is consisted of financial intermediaries, state agencies (ARMA, AMA), instruments (preferential credits, and subsidies) and regulations. In comparison, Azerbaijan’s agricultural financial system is mainly based on support by state agencies. Thus, share of agriculture credits in portfolio of banks and non-bank credit organizations is very small. Azerbaijan state agencies use instruments such as preferential credits, direct and indirect subsidies, and technological support. However, there are serious challenges which make agricultural financial system and the support less effective. It is concluded that Azerbaijan should benefit from good experiences of Poland in order to make the system more effective.

Keywords: Agricultural financial system; Azerbaijan; Poland; financial intermediaries; state agencies; comparative analysis

JEL Classification: Q18; H50;

Suggested Citation

Aliyev, Khatai and Ismayilov, Altay and Danilowska, Alina, The Comparative Analysis of Agricultural Financial Systems in Poland and Azerbaijan (2014). Danilowska, A., Ismayilov, A., & Aliyev, K. (2014). The comparative analysis of agricultural financial systems in Poland and Azerbaijan. Acta Scientiarum Polonorum. Oeconomia, 13(3)., Available at SSRN: https://ssrn.com/abstract=3643328

Khatai Aliyev (Contact Author)

Azerbaijan State University of Economics (UNEC) ( email )

Istiglaliyyat street 6
Baku, AZ Az1001
Azerbaijan

Baku Engineering University ( email )

Hasan Aliyev str. 120
Khirdalan, Baku AZ 0101
Azerbaijan

Altay Ismayilov

Azerbaijan State University of Economics (UNEC) ( email )

Istiglaliyyat 6 Baku
Baku, Baku AZ0101
Azerbaijan

Knowledge Economy Research Center ( email )

Baku, AZ Az1001
Azerbaijan

Alina Danilowska

affiliation not provided to SSRN

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