scholarly journals Determinants of farm profitability in the EU regions. Does farm size matter?

2021 ◽  
Vol 67 (No. 3) ◽  
pp. 90-100
Author(s):  
Łukasz Kryszak ◽  
Marta Guth ◽  
Bazyli Czyżewski
Keyword(s):  
Financial Management ◽  
Negative Impact ◽  
Management Strategies ◽  
Farm Size ◽  
The European Union ◽  
Subsidy Rate ◽  
Farm Profitability ◽  
High Level ◽  
Size Matter ◽  
The Impact

Farms in the European Union come in a wide variety of sizes and the effect of farm size on profitability (return on assets – ROA) has not been sufficiently investigated. The principal goal of this paper, therefore, is to study the determinants of farm profitability using the panels of the Farm Accountancy Data Network (FADN) on farms of different economic size between 2007 and 2018. We use a profitability function based on ratios that show the production and financial management strategies used by the farms. We also analyse the impact of subsidies under the Common Agricultural Policy (CAP). To deal with endogeneity, we run dynamic panel models using the system generalised method of moments (sys-GMM) estimators. We highlight the important role of the high level of equity turnover. An increase in production relative to the farm's equity plays a crucial role in the growth of profitability for all groups of farms, but it is especially important for smaller entities. In addition, farm managers should control the level of debt since the debt-to-asset ratio is a highly significant negative determinant of farm profitability in most of the groups. The increase in subsidy rate generally translates into higher ROA, but this variable has a negative impact across the largest holdings.

scholarly journals DETERMINANTS OF FARM INCOME IN THE EUROPEAN UNION IN NEW AND OLD MEMBER STATES. A REGIONAL STUDY

2019 ◽  
Vol XXI (3) ◽  
pp. 200-211
Author(s):  
Łukasz Kryszak ◽  
Anna Matuszczak
Keyword(s):  
European Union ◽  
Financial Management ◽  
Capital Expenditure ◽  
Management Strategies ◽  
Farm Income ◽  
Panel Regression ◽  
The European Union ◽  
Regional Study ◽  
Member States ◽  
The Impact

The aim of the article was to identify the determinants of income of representative farms at the level of European Union regions. For this purpose, FADN data was used for the years 2004-2017. Due to varied conditions of agricultural development, EU regions were divided into groups according to seniority of members. Income was examined using basic panel regression and quantile panel regression models using the extended Cobb-Douglas formula. Apart from the basic input of production factors (labour, capital and land), the impact of subsidies as well as production and financial management strategies in the farms were also investigated. It was found that farm income in so-called new member states were more sensitive to growing specialization, direct payments and capital expenditure, while, in the so-called old EU, there was a relatively high elasticity of income in relation to the labour factor. On the other hand, income was negatively affected by an increase in the level of financial leverage. The results of the quantile regression model show that, with increasing farm income, the role of labour and land factors decreases, while the significance of the capital factor remains relatively constant.

scholarly journals HAVE PUBLIC DEBT LEVELS RESTRICTED ANTI-CORONAVIRUS FISCAL RESPONSES? EVIDENCE FROM EUROPE

2020 ◽  
Vol 5 (2) ◽  
pp. 1
Author(s):  
Mohammed Kalloub ◽  
Ahmed Musabeh ◽  
Koutibah Alrifai
Keyword(s):  
European Union ◽  
Public Debt ◽  
Financial Management ◽  
Graphical Representation ◽  
Negative Impact ◽  
Panel Data Analysis ◽  
Future Research ◽  
Unique Contribution ◽  
The European Union ◽  
The Impact

Purpose: This study was conducted to analyze the impact of public debt stock in 12 European countries on the size of primary[1] anti-coronavirus fiscal responses, and to explore the general characteristics of these packages in sample countries. Methodology: The sample included only countries from the European Union due to homogeneity in economic standards and legal framework beside the availability of data. However, graphical representation along with regression anlaysis were performed, our key findings indicate a significant negative impact of public debt on the size of primary anti-coronavirus fiscal response and expect a second wave of government borrowing in the near term. Findings: However, this study sheded the light on public debt confirming the importance of maintaining reasonable levels, as a policy recommendation; governments in the European Union are advised to conduct more efforts to reduce public debt stocks and to adopt new effective public financial management rules to overcome the high debt dilemma, since countries with low debt stocks have initiated the largest packages among the sample. Unique contribution to theory, practice and policy: The study recommends that employing data from different geographical areas and occasions to gather more evidence on this topic. Moreover, stimulus packages may be in effect for further periods. Therefore, a series of observations might be accumulated and utilized in panel data analysis to form a cogent evidence on this topic by future research efforts.   [1] Primary fiscal responses are the first fiscal packages announced between the period between March-May 2020.

COVID -19 and Indian Financial Markets: A Review

2020 ◽  
Vol 16 (02) ◽  
pp. 1-8
Author(s):  
Kamaldeep Kaur Sarna
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Financial Services ◽  
Stock Markets ◽  
Global Economy ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Management Strategies ◽  
The Impact

COVID-19 is aptly stated as a Black Swan event that has stifled the global economy. As coronavirus wreaked havoc, Gross Domestic Product (GDP) contracted globally, unemployment rate soared high, and economic recovery still seems a far-fetched dream. Most importantly, the pandemic has set up turbulence in the global financial markets and resulted in heightened risk elements (market risk, credit risk, bank runs etc.) across the globe. Such uncertainty and volatility has not been witnessed since the Global Financial Crisis of 2008. The spread of COVID-19 has largely eroded investors’ confidence as the stock markets neared lifetimes lows, bad loans spiked and investment values degraded. Due to this, many turned their backs on the risk-reward trade off and carted their money towards traditionally safer investments like gold. While the banking sector remains particularly vulnerable, central banks have provided extensive loan moratoriums and interest waivers. Overall, COVID-19 resulted in a short term negative impact on the financial markets in India, though it is making a way towards V-shaped recovery. In this context, the present paper attempts to identify and evaluate the impact of the pandemic on the financial markets in India. Relying on rich literature and live illustrations, the influence of COVID-19 is studied on the stock markets, banking and financial institutions, private equities, and debt funds. The paper covers several recommendations so as to bring stability in the financial markets. The suggestions include, but are not limited to, methods to regularly monitor results, establishing a robust mechanism for risk management, strategies to reduce Non-Performing Assets, continuous assessment of stress and crisis readiness of the financial institutions etc. The paper also emphasizes on enhancing the role of technology (Artificial Intelligence and Virtual/Augmented Reality) in the financial services sector to optimize the outcomes and set the path towards recovery.

The Impact of Nontariff Trade Policy of European Union Crude Palm Oil Import on Indonesia, Malaysia, and the Rest of the World Economy: An Analysis in GTAP Framework

2020 ◽  
Vol 9 (1) ◽  
pp. 39-52
Author(s):  
Rozy A. Pratama ◽  
Tri Widodo
Keyword(s):  
European Union ◽  
Palm Oil ◽  
Computable General Equilibrium ◽  
Negative Impact ◽  
Trade Policies ◽  
The European Union ◽  
The World ◽  
Trade Analysis ◽  
Global Trade Analysis Project ◽  
The Impact

Indonesia and Malaysia are the largest producers and exporters of palm oil in the world vegetable oil market. Palm oil and its derivative products are the highest contributors to foreign exchange in 2018. This study aims to analyze the impact of the European Union import non-tariff trade policies on the Indonesian and Malaysian economies The analysis uses the Computable General Equilibrium (CGE) model of world trade on the Global Trade Analysis Project (GTAP) program. The results of this study found that the non-tariff import policy by the European Union had a negative impact on the economies of Indonesia and Malaysia. Moreover, the policy also has a negative impact on countries in Southeast Asia and the European Union. This shows that the enactment of non-tariff import trade policies for Indonesian and Malaysian palm oil products has a global impact.

scholarly journals Efficiency and Persistence of Movento® Treatment against Myzus persicae and the Transmission of Aphid-Borne Viruses

Plants ◽  
2021 ◽  
Vol 10 (12) ◽  
pp. 2747
Author(s):  
Thomas Armand ◽  
Luâna Korn ◽  
Elodie Pichon ◽  
Marlène Souquet ◽  
Mélissandre Barbet ◽  
...  
Keyword(s):  
Sugar Beet ◽  
Myzus Persicae ◽  
High Efficiency ◽  
Plant Protection ◽  
Management Strategies ◽  
Plant Protection Products ◽  
Viral Transmission ◽  
The European Union ◽  
Low Efficiency ◽  
The Impact

Neonicotinoids are widely used to protect fields against aphid-borne viral diseases. The recent ban of these chemical compounds in the European Union has strongly impacted rapeseed and sugar beet growing practices. The poor sustainability of other insecticide families and the low efficiency of prophylactic methods to control aphid populations and pathogen introduction strengthen the need to characterize the efficiency of new plant protection products targeting aphids. In this study, the impact of Movento® (Bayer S.A.S., Leverkusen, Germany), a tetrameric acid derivative of spirotetramat, on Myzus persicae and on viral transmission was analyzed under different growing temperatures. The results show (i) the high efficiency of Movento® to protect rapeseed and sugar beet plants against the establishment of aphid colonies, (ii) the impact of temperature on the persistence of the Movento® aphicid properties and (iii) a decrease of approximately 10% of the viral transmission on treated plants. These observations suggest a beneficial effect of Movento® on the sanitary quality of treated crops by directly reducing primary infections and indirectly altering, through aphid mortality, secondary infections on which the spread of disease within field depends. These data constitute important elements for the future development of management strategies to protect crops against aphid-transmitted viruses.

scholarly journals Profitability Determinants of Big European Banks

2021 ◽  
Vol 10 (2) ◽  
pp. 39-56
Author(s):  
Vesna Karadžić ◽  
Nikola Đalović
Keyword(s):  
Fixed Effects ◽  
Negative Impact ◽  
Ordinary Least Squares ◽  
Annual Data ◽  
The European Union ◽  
Macroeconomic Factors ◽  
Panel Models ◽  
Econometric Methods ◽  
Gdp Growth Rate ◽  
The Impact

Abstract The subject of research in this paper is the profitability of the biggest banks in the European financial market, some of which operate in Montenegro. The profitability of banks is influenced by a large number of factors, including internal banking and external macroeconomic factors. The aim of this paper is to use statistical and econometric methods to examine which factors and with what intensity affect the profitability of large banks in Europe. The empirical analysis used highly balanced panel models with annual data on 47 large banks from 14 European countries over the period 2013-2018. Three static panel models were estimated and evaluated (pooled ordinary least squares, model with fixed effects and model with random effects), as well as dynamic model utilizing general methods of moments. The POLS model was chosen as the best, confirming that all macroeconomic factors have a statistically significant impact on the profitability of big banks, while the impact of internal factors, which are controlled by the bank’s management, is not significant. GDP growth rate, inflation rate and market concentration have a positive effect on profitability, while the membership of the European Union has a negative impact on profit, meaning that banks with headquarters outside the EU are more profitable.

scholarly journals Analysis and Assessment of New Permanent Teacher Training Activities under the Erasmus+ Program from the Perspective of the Participants of Spain in Times of COVID-19

2021 ◽  
Vol 13 (20) ◽  
pp. 11222
Author(s):  
Daniel Salcedo-López ◽  
Mercedes Cuevas-López
Keyword(s):  
Teacher Training ◽  
Negative Impact ◽  
Positive Impact ◽  
Student Mobility ◽  
The European Union ◽  
International Mobility ◽  
Global Pandemic ◽  
Training Activities ◽  
The University ◽  
The Impact

The Erasmus+ program (2014–2020) is one of the main initiatives developed by the European Commission in the field of education and is the final joint evolution of other minor and prior actions that provide schools and teachers with funding to carry out international mobility projects with a variety of formative activities. The benefits of carrying out international mobility activities to strengthen student learning and teacher training are well known and have been researched or reported even from the early stages of a program that was born back in the 1980s but has always been focused on the university level. When considering teachers at early levels (schools and high schools), the 2014–2020 Erasmus+ program was the main source of funding to grant Spanish teachers permanent training activities abroad with a direct positive impact on their careers. The year 2020 is the last year of the first evolution of the Erasmus+ program, which has been renewed, extended, and strengthened for a new six-year term (2021–2027). However, 2020 has also been a significant year. The COVID-19 global pandemic continues to affect the mobility of citizens within the different territories of the union and, thus, have a direct negative impact on international teacher and student mobility. Being 2020 the end of a cycle and a critical moment, it is the perfect time to conduct an analysis of the data associated with the participation of teachers and schools in Spain, their perceptions of the program, the different activities carried out, and the impact of the pandemic. This research study is based on an analysis of an opinion survey through a nationwide sample of teachers participating in KA101 Erasmus+ projects. This paper gathers and presents data and conclusions using information previously not available that most of the time is published in official reports globally without considering the particularities of the different states of the European Union.

scholarly journals Impact of COVID-19 on the trade of goods and services in Spain

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Asier Minondo
Keyword(s):  
Negative Impact ◽  
The European Union ◽  
Firm Level ◽  
Health Crisis ◽  
Content Type ◽  
Goods And Services ◽  
Containment Measures ◽  
Trade Of Services ◽  
The Impact

Purpose This paper aims to analyze the impact of COVID-19 on the trade of goods and services in Spain. Design/methodology/approach This paper uses monthly trade data at the product, region and firm level. Findings The COVID-19 crisis has led to the sharpest collapse in the Spanish trade of goods and services in recent decades. The containment measures adopted to arrest the spread of the virus have caused an especially intense fall of trade in services. The large share of transport equipment, capital goods, products that are consumed outdoors (i.e., outdoor goods) and tourism in Spanish exports has made the COVID-19 trade crisis more intense in Spain than in the rest of the European Union. Practical implications The nature of the collapse suggests that trade in goods can recover swiftly when the health crisis ends. However, COVID-19 may have a long-term negative impact on the trade of services that rely on the movement of people. Originality/value It contributes to understand how COVID-19 has affected the trade in goods and services in Spain.

scholarly journals Цифровізація розвитку міст: Urban Atlas на основі відкритих даних для міст України

2021 ◽  
pp. 19-28
Author(s):  
Андрій Юрійович Шелестов ◽  
Алла Миколаївна Лавренюк ◽  
Богдан Ялкапович Яйлимов ◽  
Ганна Олексіївна Яйлимова
Keyword(s):  
Land Use ◽  
Land Cover ◽  
Urban Growth ◽  
Urban Expansion ◽  
The European Union ◽  
Project Smart ◽  
Unified Algorithm ◽  
High Level ◽  
The Impact ◽  
The City

Ukraine is an associate member of the European Union and in the coming years it is expected that all data and services already used by EU countries will be available to Ukraine. The lack of quality national products for assessing the development and planning of urban growth makes it impossible to assess the impact of cities on the environment and human health. The first steps to create such products for the cities of Ukraine were initiated within the European project "SMart URBan Solutions for air quality, disasters and city growth" (SMURBS), in which specialists from the Space Research Institute of NAS of Ukraine and SSA of Ukraine received the first city atlas for the Kyiv city, which was similar to the European one. However, the resulting product had significantly fewer types of land use than the European one and therefore the question of improving the developed technology arose. The main purpose of the work is to analyze the existing technology of European service Urban Atlas creation and its improvement by developing a unified algorithm for building an urban atlas using all available open geospatial and satellite data for the cities of Ukraine. The development of such technology is based on our own technology for classifying satellite time series with a spatial resolution of 10 meters to build a land cover map, as well as an algorithm for unifying open geospatial data to urban atlases Copernicus. The technology of construction of the city atlas developed in work, based on the intellectual model of classification of a land cover, can be extended to other cities of Ukraine. In the future, the creation of such a product on the basis of data for different years will allow to assess changes in land use and make a forecast for further urban expansion. The proposed information technology for constructing the city atlas will be useful for assessing the dynamics of urban growth and closely related social and economic indicators of their development. Based on it, it is also possible to assess indicators of achieving the goals of sustainable development, such as 11.3.1 "The ratio of land consumption and population growth." The study shows that the city atlas obtained for the Kyiv city has a high level of quality and has comparable land use classes with European products. It indicates that such a product can be used in government decision-making services.

Prison stress in women and its negative impact in the process of correcting

2019 ◽  
pp. 69-76
Author(s):  
Марина Владиславовна Минстер
Keyword(s):  
Negative Impact ◽  
Emotional Experiences ◽  
The Public ◽  
Corrective Effect ◽  
Subjective Reaction ◽  
Resistance To Stress ◽  
Prison Environment ◽  
High Level ◽  
The Impact ◽  
Gender Aspect

В статье рассматриваются причины и факторы, способствующие возникновению пенитенциарного стресса у осужденных к лишению свободы женщин. Стресс как субъективная реакция психики на изоляцию от общества больше связан с воздействием пенитенциарной среды и способствует развитию деструктивных проявлений у женщин, что негативно влияет на исправительное воздействие и часто проявляется на стадии адаптации и перед освобождением. В гендерном аспекте результаты исследования показали, что осужденные к лишению свободы мужчины проявляют устойчивость к стрессорным воздействиям при высоком уровне стресса, депрессивные состояния среди них в несколько раз меньше, чем у женщин. Пенитенциарный стресс у женщин является более контрастным, так как уровень психоэмоциональных переживаний выше и требуется значительно больше времени для восстановления, чем мужчинам. Исследуется практика применения индивидуальных и групповых психокоррекционных методик, осуществляемых в процессе исполнения наказания, которые создают условия для самоисправления женщины. Оптимизация исправительного воздействия возможна при условии включения осужденных женщин в воспитательно-ресоциализационные и социально-реабилитационные программы с учетом психофизиологических особенностей и анализа психодинамики их активности, с использованием дополнительного положительного влияния близких родственников и общественности на разных этапах отбывания наказания. The article discusses the causes and factors contributing to stress in prison of persons sentenced to deprivation of liberty of women. Stress as a subjective reaction of the psyche to isolation from society is more related to the impact of the prison environment and contributes to the development of destructive manifestations in women, which negatively affects the corrective effect and often manifests itself at the stage of adaptation and before release. In the gender aspect, the results of the study showed that men sentenced to imprisonment show resistance to stress at a high level of stress, depression among them several times less, unlike women. Penitentiary stress in women is more contrast, because the level of psycho-emotional experiences is higher and it takes much more time to recover than men. The author of the article studies the practice of applying individual and group psychocorrection techniques carried out in the process of execution of punishment, which create conditions for self-correction of women. Optimization of treatment possible, subject to the inclusion of women offenders in a correctional reintegration and social rehabilitation programme taking into account psycho-physiological characteristics and analysis of the psychodynamics of activity, using the influence of relatives and the public at various stages of punishment.

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