IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v14y2021i9p2731-d551732.html
   My bibliography  Save this article

Energy as a Factor of Investment Attractiveness of Regions for Agricultural Enterprises

Author

Listed:
  • Hanna Godlewska-Majkowska

    (Institute of Enterprise, Collegium of Business Administration, Warsaw School of Economics, 02-554 Warszawa, Poland)

  • Agnieszka Komor

    (Department of Management and Marketing, Faculty of Agrobioengineering, University of Life Sciences in Lublin, 20-950 Lublin, Poland)

Abstract

The aim of the article is to identify and assess the relationship between the investment attractiveness of regions for agricultural enterprises and the energy factor. Classical theories of the location of agriculture emphasise the importance of the market factor. The energy factor has so far been ignored, despite the global trend related to the increasing importance of production scales and rising energy consumption in agriculture. There are also no methodological proposals that allow a comprehensive assessment of the investment attractiveness of regions for agricultural enterprises, taking into account the leading location factors. The article presents the author’s methodological model based on the weight-correlation method of valorisation of investment attractiveness of regions for economic entities that invest in agricultural production. It contains a sub-aggregate describing the energy factor. This proposal is a contribution to the theory of the location of agriculture in the field of location factor analysis. The developed methodological model is used to explain location decisions of agricultural enterprises at the regional level. Access to energy as well as energy management increase locational advantages and reduce the economic risk of carrying out agricultural activities in economic units, which contributes to an increase in the sustainability of agricultural production. This is especially true in areas dominated in the past by state-owned and cooperative enterprises, which are the dominant group of enterprises in this area after privatization. The proposed methodology was positively verified on the example of Polish regions, as a significant influence of the energy factor on investment attractiveness at the local level was demonstrated.

Suggested Citation

  • Hanna Godlewska-Majkowska & Agnieszka Komor, 2021. "Energy as a Factor of Investment Attractiveness of Regions for Agricultural Enterprises," Energies, MDPI, vol. 14(9), pages 1-24, May.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:9:p:2731-:d:551732
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/14/9/2731/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/14/9/2731/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fujita, Masahisa, 2012. "Thünen and the New Economic Geography," Regional Science and Urban Economics, Elsevier, vol. 42(6), pages 907-912.
    2. Alexander Semin & Alikhan Kibirov & Usman Rassukhanov, 2018. "Problems and Main Mechanisms to Increase Investment Attractiveness of Agricultural Production," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 378-400.
    3. Tomas Kliestik & Katarina Valaskova & Elvira Nica & Maria Kovacova & George Lazaroiu, 2020. "Advanced methods of earnings management: monotonic trends and change-points under spotlight in the Visegrad countries," Oeconomia Copernicana, Institute of Economic Research, vol. 11(2), pages 371-400, June.
    4. Marcel Fafchamps & Bart Minten, 2012. "Impact of SMS-Based Agricultural Information on Indian Farmers," The World Bank Economic Review, World Bank, vol. 26(3), pages 383-414.
    5. Apoorv Gupta & Jacopo Ponticelli & Andrea Tesei, 2020. "Language Barriers, Technology Adoption and Productivity: Evidence from Agriculture in India," NBER Working Papers 27192, National Bureau of Economic Research, Inc.
    6. Nadiia Davydenko & Alina Buriak & Inna Demianenko, 2018. "Investment Attractiveness Of Agricultural Sector Of Ukrainian Region In Modern Conditions Of Social And Economic Development," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(1).
    7. Roos, Anders & Eggers, Jeannette & Mark-Herbert, Cecilia & Lindhagen, Anders, 2018. "Using von Thünen rings and service-dominant logic in balancing forest ecosystem services," Land Use Policy, Elsevier, vol. 79(C), pages 622-632.
    8. Angelsen, Arild, 2007. "Forest cover change in space and time : combining the von Thunen and forest transition theories," Policy Research Working Paper Series 4117, The World Bank.
    9. Zarębski, Patrycjusz, 2012. "Atrakcyjność inwestycyjna obszarów wiejskich w Polsce," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 12(27), pages 1-10, December.
    10. Nicholas Kalaitzandonakes & Elias G. Carayannis & Evangelos Grigoroudis & Stelios Rozakis (ed.), 2018. "From Agriscience to Agribusiness," Innovation, Technology, and Knowledge Management, Springer, number 978-3-319-67958-7, March.
    11. Timofti, Elena & Popa, Daniela & Petrascu, Svetlana & Osborne, Paul, 2018. "The Investment Attractiveness of the Agricultural Sector in Republic of Moldova in Terms of European Integration," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 18(33, Part ), September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Patrycjusz Zarębski & Dominik Katarzyński, 2023. "Small Modular Reactors (SMRs) as a Solution for Renewable Energy Gaps: Spatial Analysis for Polish Strategy," Energies, MDPI, vol. 16(18), pages 1-23, September.
    2. Grzegorz Ślusarz & Barbara Gołębiewska & Marek Cierpiał-Wolan & Dariusz Twaróg & Jarosław Gołębiewski & Sebastian Wójcik, 2021. "The Role of Agriculture and Rural Areas in the Development of Autonomous Energy Regions in Poland," Energies, MDPI, vol. 14(13), pages 1-21, July.

    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. Lin Xie & Biliang Luo & Wenjing Zhong, 2021. "How Are Smallholder Farmers Involved in Digital Agriculture in Developing Countries: A Case Study from China," Land, MDPI, vol. 10(3), pages 1-16, March.
    2. Lucas A. Mariani & Jose Renato Haas Ornelas & Bernardo Ricca, 2023. "Banks’ Physical Footprint and Financial Technology Adoption," Working Papers Series 576, Central Bank of Brazil, Research Department.
    3. Chris D. Arnot & Martin K. Luckert & Peter C. Boxall, 2011. "What Is Tenure Security? Conceptual Implications for Empirical Analysis," Land Economics, University of Wisconsin Press, vol. 87(2), pages 297-311.
    4. Preusse, Verena & Wollni, Meike, 2021. "Adoption of sustainable agricultural practices in the context of urbanisation and environmental stress – Evidence from farmers in the rural-urban interface of Bangalore, India," 2021 Annual Meeting, August 1-3, Austin, Texas 312690, Agricultural and Applied Economics Association.
    5. Araujo, Claudio & Bonjean, Catherine Araujo & Combes, Jean-Louis & Combes Motel, Pascale & Reis, Eustaquio J., 2009. "Property rights and deforestation in the Brazilian Amazon," Ecological Economics, Elsevier, vol. 68(8-9), pages 2461-2468, June.
    6. Yergeau, Marie-Eve & Boccanfuso, Dorothée & Goyette, Jonathan, 2017. "Reprint of: Linking conservation and welfare: A theoretical model with application to Nepal," Journal of Environmental Economics and Management, Elsevier, vol. 86(C), pages 229-243.
    7. Schielein, Johannes & Börner, Jan, 2018. "Recent transformations of land-use and land-cover dynamics across different deforestation frontiers in the Brazilian Amazon," Land Use Policy, Elsevier, vol. 76(C), pages 81-94.
    8. Sims, Katharine R.E., 2010. "Conservation and development: Evidence from Thai protected areas," Journal of Environmental Economics and Management, Elsevier, vol. 60(2), pages 94-114, September.
    9. Frank Davenport, 2017. "Estimating standard errors in spatial panel models with time varying spatial correlation," Papers in Regional Science, Wiley Blackwell, vol. 96, pages 155-177, March.
    10. Yegbemey, Rosaine N. & Bensch, Gunther & Vance, Colin, 2023. "Weather information and agricultural outcomes: Evidence from a pilot field experiment in Benin," World Development, Elsevier, vol. 167(C).
    11. Julien Wolfersberger & Serge Garcia & Philippe Delacote, 2013. "An empirical analysis of the cumulative nature of deforestation," Working Papers 1303, Chaire Economie du climat.
    12. Sulekha Hembram & Souparna Maji & Sushil Kr. Haldar, 2019. "Club Convergence among the Major Indian States During 1982–2014: Does Investment in Human Capital Matter?," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 20(2), pages 184-204, September.
    13. Wehkamp, Johanna & Aquino, André & Fuss, Sabine & Reed, Erik W., 2015. "Analyzing the perception of deforestation drivers by African policy makers in light of possible REDD+ policy responses," Forest Policy and Economics, Elsevier, vol. 59(C), pages 7-18.
    14. Raghavan, Roopali & Shrimali, Gireesh, 2015. "Forest cover increase in India: The role of policy and markets," Forest Policy and Economics, Elsevier, vol. 61(C), pages 70-76.
    15. Yu, Yanan & He, Yong & Zhao, Xuan, 2021. "Impact of demand information sharing on organic farming adoption: An evolutionary game approach," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
    16. Sauvée, Loïc, 2021. "Editorial: Special track: European agrifood business in transition towards social responsibility," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 24(2), March.
    17. Alejandro López-Feldman, 2012. "Deforestación en México: Un análisis preliminar," Working Papers DTE 527, CIDE, División de Economía.
    18. Prabath Chaminda Abeysiriwardana & Udith K. Jayasinghe-Mudalige, 2021. "Role of Peripheral Analysis Methods in Adoption of Successful KPIs for a Research Institute Working Towards Commercial Agriculture," International Journal of Global Business and Competitiveness, Springer, vol. 16(1), pages 61-71, June.
    19. Leight, Jessica & Awonon, Josué & Pedehombga, Abdoulaye & Ganaba, Rasmané & Gelli, Aulo, 2022. "How light is too light touch: The effect of a short training-based intervention on household poultry production in Burkina Faso," Journal of Development Economics, Elsevier, vol. 155(C).
    20. Julian M. Alston & Philip G. Pardey, 2020. "Innovation, Growth, and Structural Change in American Agriculture," NBER Chapters, in: The Role of Innovation and Entrepreneurship in Economic Growth, pages 123-165, National Bureau of Economic Research, Inc.

    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:gam:jeners:v:14:y:2021:i:9:p:2731-:d:551732. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.