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The Perspective of European Globalization and Capitalization of Agriculture in the Post-Covid Period

Author

Listed:
  • Oleh Sokil

    (Dmytro Motornyi Tavria State Agrotechnological University, Melitopol,Ukraine)

  • Dimitar Zvezdov

    (Friedrich-Alexander University Erlangen-Nuremberg, Nuremberg, Germany)

  • Laszlo Vasa

    (Szechenyi Istvan University, Gyor, Hungary)

Abstract

Especially relevant at the present time is the study of the impact of the global crisis - a pandemic caused by the infection COVID-19 on the countries and the world's sustainable development. The consequences of the popular trend of globalization, a certain closedness of the principles of capitalization, and, of course, the impact of the global crisis caused by COVID-19 were investigated in the scientific work. The study aims to confirm the transformation of sustainable development trends and the transition from worldwide globalization to national capitalization of the agricultural entrepreneurship potential in the modern conditions of the global crisis of Covid-19. The goal will be achieved by tasks through accounting and analytical support and mathematical analysis of the quadratic correlation and regression dependence of the integrated indicator of sustainable development. Research methodology consist of analysis and collection of economic, environmental, and social data of agriculture in European countries. At this stage, the most significant indicators of six countries were selected: Ukraine, Germany, Hungary, Romania, Poland and Belarus. Index analysis was used for formation of an integral indicator - a sustainable development index. Also Microsoft Excel tools were used. An index analysis of the main indicators of sustainable development is provided in the paper. On the basis of the integrated index of sustainable development of agriculture, a trend line was built and a forecast of the vector of globalization/capitalization was made. An upward forecast of the integrated index of agriculture sustainable development, which indicates a continuous process of globalization was proved in the paper. This pattern corresponds to Belarus and Romania and was proved by the basis of imperial studies. The calculation and forecast of the transition from global globalization to national capitalization as a result of the impact of the pandemic and quarantine were presented in the scientific work too. This pattern is inherent in Hungary, Germany, Poland and Ukraine.

Suggested Citation

  • Oleh Sokil & Dimitar Zvezdov & Laszlo Vasa, 2021. "The Perspective of European Globalization and Capitalization of Agriculture in the Post-Covid Period," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 90-96, September.
    • Handle: RePEc:iaf:journl:y:2021:i:3:p:90-96
    DOI: 10.33146/2307-9878-2021-3(93)-90-96
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    References listed on IDEAS

    as
    1. I. Shovkun, 2017. "Localization of production - a world practice and conclusions for Ukraine," Economy and Forecasting, Valeriy Heyets, issue 2, pages 31-56.
    2. Schaltegger, Stefan & Burritt, Roger L., 2010. "Sustainability accounting for companies: Catchphrase or decision support for business leaders?," Journal of World Business, Elsevier, vol. 45(4), pages 375-384, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    globalization; capitalization; analysis; accounting; sustainable development; agriculture; COVID-19;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • F01 - International Economics - - General - - - Global Outlook
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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