The imperfections of a credit market in agriculture
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Faculty of Economics and Management, University of Zielona Góra
Online publication date: 2012-06-14
Management 2012;16(1):250-263
In the article the relations of the credit market with the agricultural sector were evaluated. The significance of the imperfections in the allocation of resources with help of the credit market was presented. The attention was paid to both the specificity of the very agriculture and the external conditions, which were created as a result of the process of globalization. The effects of the impact of the selected macroeconomic indicators on the adjustments within the interest rate calculated with use of the changes of the prices of agricultural products were examined. Ten highly-developed countries were analyzed for regard of the similar conditions of functioning. The research period referred to 1990-2010. The conducted deliberations allowed to distinguish a group of factors influencing the terms of creating the costs of obtaining the credit money. The character of the existing correlations was analyzed. The different meaning of particular relations was proved. The presented results raise the significance of retransfers dedicated to agriculture with help of the state.
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