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Inertia of peasant farms

Author

Listed:
  • Rozinskaya Natalia

    (Department of Economics, Lomonosov Moscow State University)

  • Chaplygina Irina

    (Department of Economics, Lomonosov Moscow State University)

  • Sorokin Alexander

    (Department of Economics, Lomonosov Moscow State University)

Abstract
The article is devoted to the analysis of one of the features of the behavior of peasant farms that distinguishes them from the behavior of firms, namely the tendency to reduce production volumes in response to the improvement of market conditions (inertness, in the terminology of N.D.Kondratiev). The authors turn to theoretical explanations of this trend, in particular in the works of A.Chayanov, and then attempt to test the reliability of the identified feature on Russian data from the beginning of the XX century. Having analyzed the dynamics of the amount of land plowed by peasants in response to the dynamics of prices in various provinces of Russia, the authors find a significant negative correlation. Comparing with similar results for landlords, the authors come to conclusion that negative correlation is specific only to peasant farms, thereby proving the hypothesis of inertness.

Suggested Citation

  • Rozinskaya Natalia & Chaplygina Irina & Sorokin Alexander, 2023. "Inertia of peasant farms," Working Papers 0052, Moscow State University, Faculty of Economics.
    • Handle: RePEc:upa:wpaper:0052
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    File URL: https://www.econ.msu.ru/sys/raw.php?o=94875&p=attachment
    File Function: First version, 2023
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    More about this item

    Keywords

    Peasant economy; the inertia of the household; price elasticity of supply; cultivated areas; A.V. Chayanov; Russian empire; XIX-XX century;
    All these keywords.

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets

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