Rozelle, ScottSwinnen, Johan F.M.2016-04-212016-04-212004-06Journal of Economic Literaturehttps://hdl.handle.net/10986/24115The paper analyzes the linkages between the reform strategies in transition countries and economic performance. We focus on agriculture because of the sharpness of the policy changes, fundamental differences among countries, and relative simplicity of agricultural relationships. We document post reform performance in the transition countries of Asia and Europe. We show how: a.) pricing reform and subsidy reductions; b.) land rights reform and policies that affect farm restructuring; and c.) the presence institutions that facilitate exchange (either markets or market substitutes) affect output and productivity. The paper ends with general lessons on reforms and transition.en-USCC BY 3.0 IGOFISHCENTRAL PLANNINGECONOMIC GROWTHPRODUCTIONPRICE LEVELSPRICE INCREASESINCOMEEXPECTATIONSAGRICULTURAL PRODUCTIONPRODUCERSPROPERTY RIGHTSEXCHANGEFINANCIAL RESOURCESLABOR FORCEPRODUCTION INCREASESPLANNED ECONOMYPOLITICAL ECONOMYECONOMIC STRUCTURECENTRALLY PLANNED ECONOMIESWELFAREINCENTIVESECONOMIC POLICYDISTRIBUTIONVARIABLESPRICINGBUDGET CONSTRAINTSEMPIRICAL STUDIESSUBSIDYINPUTSOWNERSHIPPAYMENTSBANKRUPTCYINPUT PRICESAGRICULTURAL OUTPUTSOFT BUDGET CONSTRAINTSTRENDSECONOMIC ACTIVITYDEVELOPMENTCHOICEPLANNED ECONOMIESCONTRACTUAL ARRANGEMENTSINFLUENCETOTAL FACTOR PRODUCTIVITYORGANIZATIONAL FORMCOSTSOILDEVELOPMENT ECONOMICSINPUT USEPOPULATION GROWTHRENTPRODUCTIVITYECONOMETRICSLABOR PRODUCTIVITYOPTIONSINDUSTRIALIZATIONFAILURESMONOPOLYQUOTASLIVESTOCK PRODUCTSMARKET LIBERALIZATIONCRITERIADEBTMARKETSWTOVARIABLE INPUTSECONOMIC REFORMSTRADE POLICYSUBSIDIESECONOMIC RESEARCHFOOD PRODUCTIONTAXESLAND USERESOURCESSCARCITY VALUEDEREGULATIONPRODUCTIVITY GROWTHHUMAN CAPITALVALUE ADDEDOPPORTUNITY COSTECONOMIC PERFORMANCEWAGESECONOMETRIC ANALYSISSHADOW PRICESCOUPONSPRODUCTIVITY INCREASESFINANCIAL CRISISMARKET PRICESVALUEPOLICY MAKERSFACTOR DEMANDCREDITMACROECONOMICSDEVELOPMENT STRATEGYINEFFICIENCYECONOMYAGRICULTURECONSUMERSPRODUCTION EFFICIENCYPROPERTYDECISION MAKINGMEASUREMENTSHARESAGRICULTURAL SYSTEMSTRANSACTION COSTSENVIRONMENTCONCEPTUAL FRAMEWORKTRADE LIBERALIZATIONPRODUCTION FUNCTIONECONOMICSTERMS OF TRADETAX REVENUEPROFITABILITYCOMPARATIVE ECONOMICSCAPITAL USETAXATIONECONOMIC DEVELOPMENTTRADEINDUSTRIAL ECONOMYGDPGOODSLANDTHEORYBANK LOANSCOMPARATIVE ANALYSISGROWTH RATEINVESTMENTTRANSITION ECONOMYTRANSACTIONS COSTSSUPPLYREVENUEEMPIRICAL EVIDENCEEQUILIBRIUM PRICESFREE MARKETSECONOMIC HISTORYTRANSITION ECONOMIESPASTURESTOTAL OUTPUTARBITRAGEPROFITSPRICE CONTROLSOUTCOMESPOSITIVE EFFECTSPRICESFUTURE RESEARCHJournal ArticleAmerican Economic Association10.1596/24115