This article investigates dairy farm investment behaviour and the presence of soft budget constraints in farms Baltic Central European transition countries – Estonia, Hungary Slovenia using individual accountancy panel data for years 2007–2015. The empirical results confirm that gross is positively associated with previous year financially unconstrained farms, negatively constrained farms. It a...

findings Ten years into the transition process, corruption is now recognized to be a pervasive phenomenon that can seriously jeopardize the best intentioned reform efforts. Because of the complex and deep political economy dynamics surrounding the process transition economies are undergoing it is essential for policy-makers to understand the causes of corruption. This paper develops an analytic...