IDEAS home Printed from https://ideas.repec.org/a/mup/actaun/actaun_2014062061437.html
   My bibliography  Save this article

Capital Stock Value Development in Relation to the New EU Countries' Agricultural Sector Development

Author

Listed:
  • Miroslav Svatoš

    (Department of Economics and Department of Management, Faculty of Economics and Management, Czech University of Life Sciences in Prague, Kamýcká 129, Praha 6-Suchdol, 165 21, Czech Republic)

  • Luboš Smutka

    (Department of Economics and Department of Management, Faculty of Economics and Management, Czech University of Life Sciences in Prague, Kamýcká 129, Praha 6-Suchdol, 165 21, Czech Republic
    Faculty of Economics and Environmental Management, ITMO University, Saint Petersburg, Lomonosov street 9, St. Petersburg, 191002, Russian Federation)

  • Richard Selby

    (Department of Economics and Department of Management, Faculty of Economics and Management, Czech University of Life Sciences in Prague, Kamýcká 129, Praha 6-Suchdol, 165 21, Czech Republic)

Abstract

This paper will analyse agricultural sector development in individual new EU member states with emphasis on capital stock value development in agriculture. The main objective is to identify the relationship between capital stock value development, and agricultural sector performance in the individual analysed countries. The results of the analysis are as follows. The agricultural sector has significantly changed its structure and position within the national economy of individual new EU member states in the 20 years since the early 1990s. The size of the agricultural sector reduced in each of the analysed countries, resulting in a reduction in the value of the agricultural sector performance. Despite the significant reduction of the agricultural sector in many analysed, some became more efficient in terms of their agricultural sector performance. Individual country's agricultural sectors became more effective and more competitive. Individual country's agricultural sector size and performance development are closely related to capital stock value in agriculture. Both the agricultural sector structure, and agricultural sector production performance are closely related to available capital stock value. In line with the main objective of this paper, the most sensitive segments of the agricultural sector in relation to capital stock are livestock production, land development and the number of economically active persons in agriculture. Regarding sensitivity of agricultural production performance in relation to changes in capital stock value, the most sensitive are livestock production and non-food agricultural production.

Suggested Citation

  • Miroslav Svatoš & Luboš Smutka & Richard Selby, 2014. "Capital Stock Value Development in Relation to the New EU Countries' Agricultural Sector Development," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 62(6), pages 1437-1450.
    • Handle: RePEc:mup:actaun:actaun_2014062061437
    DOI: 10.11118/actaun201462061437
    as

    Download full text from publisher

    File URL: http://acta.mendelu.cz/doi/10.11118/actaun201462061437.html
    Download Restriction: free of charge
    File URL: http://acta.mendelu.cz/doi/10.11118/actaun201462061437.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.11118/actaun201462061437?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. V. Eldon Ball & W. A. Lindamood & Richard Nehring & Carlos San Juan Mesonada, 2008. "Capital as a factor of production in OECD agriculture: measurement and data," Applied Economics, Taylor & Francis Journals, vol. 40(10), pages 1253-1277.
    2. Johan Swinnen & Liesbet Vranken, 2010. "Reforms and agricultural productivity in Central and Eastern Europe and the Former Soviet Republics: 1989–2005," Journal of Productivity Analysis, Springer, vol. 33(3), pages 241-258, June.
    3. Bartosova, Dasa & Bartova, Lubica & Fidrmuc, Jarko, 2008. "EU Enlargement Implications on the New Member States Agri-food Trade," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44122, European Association of Agricultural Economists.
    4. Mezera, Josef & Spicka, Jindrich, 2013. "Economic Effects of Investment Support of Adding Value to Food Products," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 5(1), pages 1-11, March.
    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. Sadowski, Arkadiusz & Wojcieszak-Zbierska, Monika Małgorzata & Beba, Patrycja, 2021. "Territorial differences in agricultural investments co-financed by the European Union in Poland," Land Use Policy, Elsevier, vol. 100(C).
    2. Andrejovská, A. & Buleca, J. & Hudákova, M., 2016. "Categorization of the EU Countries in the Context of Agricultural Production," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 8(4), pages 1-12, December.
    3. Novotná, Martina & Volek, Tomáš, 2015. "Efficiency of Production Factors and Financial Performance of Agricultural Enterprises," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 7(4), pages 1-9, December.
    4. Jana Hornungová & František Milichovský, 2018. "Agricultural Sector Performance Evaluation in Terms of Financial Indicators: A Comparison of Czech Republic, Slovakia and Western Balkan States," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 66(2), pages 497-507.

    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. Delpeuch, Claire & Leblois, Antoine, 2014. "The Elusive Quest for Supply Response to Cash-Crop Market Reforms in Sub-Saharan Africa: The Case of Cotton," World Development, Elsevier, vol. 64(C), pages 521-537.
    2. Eric Njuki & Boris E Bravo-Ureta & Christopher J O’Donnell, 2018. "A new look at the decomposition of agricultural productivity growth incorporating weather effects," PLOS ONE, Public Library of Science, vol. 13(2), pages 1-21, February.
    3. Rada, Nicholas & Liefert, William & Liefert, Olga, 2017. "Productivity Growth and the Revival of Russian Agriculture," Economic Research Report 256716, United States Department of Agriculture, Economic Research Service.
    4. Lajos Baráth & Imre Fertő, 2017. "Productivity and Convergence in European Agriculture," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(1), pages 228-248, February.
    5. Rusielik, Robert, 2021. "Agricultural Efficiency And Its Components In European Union Countries Between 2009-2019. Analysis Using Aggregate Färe-Primont Productivity Indices," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2021(3).
    6. Vasilyeva, Olga, 2021. "Agro-food clusters in the Republic of Kazakhstan: assessment and prospects of development," Economic Consultant, Roman I. Ostapenko, vol. 34(2), pages 13-20.
    7. Nehring, Richard & Gillespie, Jeffrey & Hallahan, Charles & Sauer, Johannes, 2015. "The Economics and Productivity of Organic versus Non-organic U.S. Dairy Farms," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196805, Southern Agricultural Economics Association.
    8. B. Qushim & J. Gillespie & K. Paudel & K. Mcmillin, 2016. "Technical and scale efficiencies of meat goat farms in the USA," Applied Economics, Taylor & Francis Journals, vol. 48(7), pages 608-620, February.
    9. Tamara Rudinskaya & Elena Kuzmenko, 2019. "Investments, Technical Change and Efficiency: Empirical Evidence from Czech Food Processing," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 11(4), December.
    10. Prokeinová, R. Benda & Paluchová, J., 2014. "Identification of the Patterns Behavior Consumptions by Using Chosen Tools of Data Mining - Association Rules," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 6(3), pages 1-10, September.
    11. Miroslav Svatoš & Luboš Smutka, 2012. "Structure and Competitiveness of Mutual Agrarian Trade of Visegrad Countries," Acta Universitatis Bohemiae Meridionales, University of South Bohemia in Ceske Budejovice, vol. 15(2), pages 95-106.
    12. Svatos, Miroslav & Smutka, Lubos, 2012. "Development of Agricultural Trade of Visegrad Group Countries in Relation to EU and Third Countries," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 4(3), pages 1-15, September.
    13. Lukas Cechura & Aaron Grau & Heinrich Hockmann & Inna Levkovych & Zdenka Kroupova, 2017. "Catching Up or Falling Behind in European Agriculture: The Case of Milk Production," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(1), pages 206-227, February.
    14. Nehring, Richard F. & McFadden, Jonathan & Ball, Virgil Eldon & Ghosh, Nilabja & Marquardt, David & Reinsch, Thomas, 2017. "Constructing Rigorous Relative Price Indices of Agricultural Land in the Developed and Developing World," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258117, Agricultural and Applied Economics Association.
    15. Andersen, Matthew A. & Alston, Julian M. & Pardey, Philip G., 2009. "Capital Service Flows: Concepts and Comparisons of Alternative Measures in U.S. Agriculture," Staff Papers 50098, University of Minnesota, Department of Applied Economics.
    16. repec:zbw:iamodp:253397 is not listed on IDEAS
    17. Tleubayev, Alisher & Bobojonov, Ihtiyor & Götz, Linde & Hockmann, Heinrich & Glauben, Thomas, 2017. "Determinants of productivity and efficiency of wheat production in Kazakhstan: A stochastic frontier approach [Determinanten von Produktivität und Effizienz der Weizenproduktion in Kasachstan: Ein ," IAMO Discussion Papers 160, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    18. Fertö, Imre, 2014. "The Structural Transformation in Central and Eastern European Agriculture," CEI Working Paper Series 2014-9, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    19. Tomislav Herceg & Iva Vuksanovic, 2017. "Technological progress in Croatian perennial agriculture," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 6(1), pages 18-32, May.
    20. Franziska Appel & Alfons Balmann, 2023. "Predator or prey? Effects of farm growth on neighbouring farms," Journal of Agricultural Economics, Wiley Blackwell, vol. 74(1), pages 214-236, February.
    21. Robert G. Chambers & Yu Sheng, "undated". "Genetically Modified Organisms and Agricultural Productivity," Working Papers 3, International Society for Efficiency and Productivity Analysis.

    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:mup:actaun:actaun_2014062061437. 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: Ivo Andrle (email available below). General contact details of provider: https://mendelu.cz/en/ .

    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.