h ere is almost no available scient

h ere is almost no available scientifi c literature on
the agricultural and rural capital market developments
in Turkey, Croatia and the FYR of Macedonia (Bojnec
2011). Only a few studies have to some extent analysed
diff erent aspects of agriculture, agribusiness and rural capital markets in these three candidate countries.
Among such studies, there is one on the importance of
the family farm inheritance for rural factor markets in
Croatia (Žutinić and Grgić 2010). Moreover, few studies have been conducted on agribusiness in the Turkish
economy (Demirbaş 2007). h e FYR of Macedonia has
so far been the subject of even fewer studies on the agricultural and rural capital markets. Angelova and Bojnec
(2011) studied agricultural and rural capital markets in
the FYR of Macedonia as a country case study using the
available national statistics on the special micro-fi nance
and banking system credits, as well as the subsidies for
investment into working capital, such as agricultural
inputs and fi xed capital investments.
In this paper, we focus on the analysis of the key
statistical data on the capital market developments
and provide comparisons between Turkey, Croatia and
the FYR of Macedonia. In the next two sections, the
main aggregates of the capital market developments are
analysed and the determinants of the agricultural and
rural capital market developments are presented. h e
fi nal section derives the main conclusions and policy
implications.

Hasil (Bahasa Indonesia) 2:

h ere hampir tidak tersedia ilmiah literatur tentang
perkembangan pasar modal pertanian dan pedesaan
di Turki, Kroasia dan FYR Makedonia (Bojnec
2011). Hanya beberapa penelitian telah sampai batas tertentu dianalisis
di aspek ff erent pertanian, agribisnis dan pasar modal pedesaan di tiga negara kandidat tersebut.
Di antara penelitian tersebut, ada satu tentang pentingnya
warisan pertanian keluarga untuk pasar faktor pedesaan di
Kroasia (Žutinić dan Grgić 2010). Selain itu, beberapa studi telah dilakukan pada agribisnis di Turki
ekonomi (Demirbaş 2007). ia FYR Makedonia telah
sejauh menjadi subyek penelitian bahkan lebih sedikit dari pasar modal pertanian dan pedesaan. Angelova dan Bojnec
(2011) mempelajari pasar modal pertanian dan pedesaan di
dalam FYR Makedonia sebagai studi kasus negara menggunakan
statistik nasional yang tersedia pada mikro fi nance khusus
dan sistem perbankan kredit, serta subsidi untuk
investasi ke modal kerja, seperti pertanian
input dan investasi modal fi xed.
dalam tulisan ini, kita fokus pada analisis kunci
data statistik mengenai perkembangan pasar modal
dan memberikan perbandingan antara Turki, Kroasia dan
yang FYR Makedonia. Dalam dua bagian berikutnya,
agregat utama ibukota perkembangan pasar yang
dianalisis dan faktor-faktor penentu dari pertanian dan
perkembangan pasar modal pedesaan disajikan. ia
fi bagian nal berasal kesimpulan utama dan kebijakan
implikasi.