Article

 

Evaluating Land Reform and Market in Bulgaria (p.11-33)

by

Raúl de Arriba Bueno, University of Valencia, Spain

Keywords : Economic Transition, Land Market, Institutional Change, Bulgaria

JEL classification : P20, P23, P32, Q15

Abstract

The creation of a market economy, viewed from a polanyian perspective, requires the setting up of markets in areas characteristic of economic reproduction, such as land. The goal of this article is to contribute to the establishment of a mechanism that permits the evaluation of the effectiveness of economic policies of reform in a transitional period and, moreover, to assess the effectiveness of land reform in Bulgaria. It is observed that a breakdown exists between the setting up of formal market institutions and the creation of market relationships in the land sphere.