IDEAS home Printed from https://ideas.repec.org/a/ags/paaero/324134.html
   My bibliography  Save this article

Agricultural Innovations, Extension, Finance And Rural Loans In The Republic Of Serbia: The Case Of Logistic Regression

Author

Listed:
  • MADŽAR, LIDIJA

Abstract

The aim of this article is to examine the impact of the use of agricultural extension, advisory services and agricultural loans on the introduction of agricultural innovations in the Republic of Serbia. Agricultural innovations are incremental changes through which individuals and organizations introduce new or use significantly improved products, services or ways of organizing in order to increase the performance of agriculture. While agricultural extension involves agricultural knowledge, information and skills that are passed on to farmers, their associations and other value chains market actors, agricultural loans are one of the most important financial instruments available to them. In order to investigate the predictive power and influence of these variables, the paper applied the method of binary logistic regression due to the categorical nature of predictors and the dependent variable. Based on the conducted research, the article found that the use of agricultural loans does not have a statistically significant impact on the introduction of agricultural innovations in Serbia, while agricultural extension has. The article concludes that for the further flourishing of agricultural innovations, the development of advisory services, as well as for the development of various fiscal incentives and rural financial instruments, it is necessary to continuously develop the devastated Serbian village and invest more intensively in rural development. This is the only possible way to prevent further waves of rural population emigration to cities, as well as to improve their knowledge, propensity for innovations and livelihoods.

Suggested Citation

  • Madžar, Lidija, 2021. "Agricultural Innovations, Extension, Finance And Rural Loans In The Republic Of Serbia: The Case Of Logistic Regression," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2021(4).
    • Handle: RePEc:ags:paaero:324134
    DOI: 10.22004/ag.econ.324134
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/324134/files/1781654.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.324134?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Evenson, Robert, 1974. "International Diffusion of Agrarian Technology," The Journal of Economic History, Cambridge University Press, vol. 34(1), pages 51-73, March.
    2. Richard L. Meyer, 2011. "Subsidies as an Instrument in Agriculture Finance : A Review," World Bank Publications - Reports 12696, The World Bank Group.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Allan Dahl Andersen & Olav Wicken, 2016. "Natural resource knowledge idiosyncrasy, innovation, industry dynamics, and sustainability," Working Papers on Innovation Studies 20161107, Centre for Technology, Innovation and Culture, University of Oslo.
    2. Susan Johnson & Richard Williams, 2016. "The political economy of financial inclusion: tailoring donor policy to fit," Development Policy Review, Overseas Development Institute, vol. 34(5), pages 721-743, September.
    3. Anna Höchstädter & Barbara Scheck, 2015. "What’s in a Name: An Analysis of Impact Investing Understandings by Academics and Practitioners," Journal of Business Ethics, Springer, vol. 132(2), pages 449-475, December.
    4. Anwar Naseem & David J. Spielman & Steven Were Omamo, 2010. "Private-sector investment in R&D: a review of policy options to promote its growth in developing-country agriculture," Agribusiness, John Wiley & Sons, Ltd., vol. 26(1), pages 143-173.
    5. World Bank Group, 2019. "How to Address Unique Risks in Agriculture Credit Guarantee Schemes," World Bank Publications - Reports 33856, The World Bank Group.
    6. Ströh de Martínez, Christiane & Feddersen, Marietta & Speicher, Anna, 2016. "Food security in sub-Saharan Africa: a fresh look on agricultural mechanisation. How adapted financial solutions can make a difference," IDOS Studies, German Institute of Development and Sustainability (IDOS), volume 91, number 91, July.
    7. Turvey, C. G., 2017. "IFAD RESEARCH SERIES 10 - Inclusive finance and inclusive rural transformation," IFAD Research Series 280048, International Fund for Agricultural Development (IFAD).
    8. Ibrahim, Muazu & Alagidede, Paul, 2018. "Effect of financial development on economic growth in sub-Saharan Africa," Journal of Policy Modeling, Elsevier, vol. 40(6), pages 1104-1125.
    9. Gin, Xavier & Yang, Dean, 2009. "Insurance, credit, and technology adoption: Field experimental evidencefrom Malawi," Journal of Development Economics, Elsevier, vol. 89(1), pages 1-11, May.
    10. Hutková, Karolina, 2017. "Transfer of European technologies and their adaptations: the case of the Bengal silk industry in the late-eighteenth century," LSE Research Online Documents on Economics 69819, London School of Economics and Political Science, LSE Library.
    11. Michael Effah Asamoah & Imhotep Paul Alagidede, 2023. "Foreign direct investment, real sector growth and financial development," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 626-643, January.
    12. Stoicea Paula & Tudor Valentina Constanța & Stoian Elena & Micu Marius Mihai & Soare Elena & Militaru Dan Ciprian, 2023. "Subsidies’ Impacts on Technical–Economic Indicators in Large Crop Farms," Agriculture, MDPI, vol. 13(9), pages 1-17, August.
    13. Rosegrant, Mark W. & Fan, Shenggen & Otsuka, Keijiro, 2021. "Global issues in agricultural development," IFPRI book chapters, in: Agricultural development: New perspectives in a changing world, chapter 2, pages 35-78, International Food Policy Research Institute (IFPRI).
    14. Leshan Yu & Yan Song & Haixia Wu & Hengtong Shi, 2023. "Credit Constraint, Interlinked Insurance and Credit Contract and Farmers’ Adoption of Innovative Seeds-Field Experiment of the Loess Plateau," Land, MDPI, vol. 12(2), pages 1-28, January.
    15. Daum, Thomas, 2022. "Agricultural mechanization and sustainable agrifood system transformation in the Global South," ESA Working Papers 330795, Food and Agriculture Organization of the United Nations, Agricultural Development Economics Division (ESA).
    16. Turvey, Calum G. & He, Guangwen & MA, Jiujie & Kong, Rong & Meagher, Patrick, 2012. "Farm credit and credit demand elasticities in Shaanxi and Gansu," China Economic Review, Elsevier, vol. 23(4), pages 1020-1035.
    17. Abate, Gashaw Tadesse & Rashid, Shahidur & Borzaga, Carlos & Getnet, Kindie, 2015. "Rural finance and agricultural technology adoption in Ethiopia: Does institutional design matter?:," IFPRI discussion papers 1422, International Food Policy Research Institute (IFPRI).
    18. Krupa, Dorota & Walczak, Damian, 2014. "Investing In The Agribusiness Value Chain And Changes In Gdp," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2014(3).
    19. Jared Hutchins, 2023. "The US farm credit system and agricultural development: Evidence from an early expansion, 1920–1940," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(1), pages 3-26, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:paaero:324134. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/seriaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.