Isaac Scientific Publishing
Journal of Advances in Economics and Finance
JAEF > Volume 1, Number 1, November 2016

On Defining, Assessing and Governing of Agrarian Sustainability

Download PDF  (512.4 KB)PP. 1-20,  Pub. Date:December 23, 2016
DOI: 10.22606/jaef.2016.11001

Author(s)
Hrabrin Bachev
Affiliation(s)
Institute of Agricultural Economics, Sofia, Bulgaria
Abstract
Research on governance of agrarian sustainability is at the beginning stage due to “newness” of the problem, emerging new challenges, fundamental modernization during recent years, “lack” of long-term experiences and relevant data, application of narrow (certain form/management level), one-dimensional, unisectioral, normative, without transaction costs etc. approaches. This paper suggests a modern and practical framework for analyzing and assessing the system of governance of agrarian sustainability. Interdisciplinary New Institutional Economics framework is incorporated and agrarian sustainability is properly defined, principle mechanisms and modes of governance (institutions, market, private, public, hybrid) of agrarian sustainability are classified, and a holistic approach for identifying components and factors, assessing efficiency, and improving governance system is presented. Framework is to be further discussed and improved while its application requires new type of micro and macro-economic data for agrarian agents’ preferences and behavior, activities and efficiency of farming organizations, effects and impacts on social, community and natural environment, etc.
Keywords
Agrarian sustainability, market, private, public governance
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