scholarly journals THE TECHNOLOGY SHOCK AND THE POLISH FOOD SECTOR MARKUPS

2017 ◽  
Vol 16 (1) ◽  
pp. 53-62
Author(s):  
Justyna Kufel-Gajda
Keyword(s):  
Market Power ◽  
Food Industry ◽  
Labor Demand ◽  
Positive Sign ◽  
Food Sector ◽  
Competition Level ◽  
Technology Shock ◽  
Polish Economy ◽  
Auto Regression

The aim of the paper is to investigate an impact of a technology shock on a market power exerted in the Polish food industry, measured by monopolistic markups calculated based on a labor input margin with developments, as well as the Roeger markup, in the period 2002–2013. A structural vector auto regression model (SVAR) with productivity and hours in the Polish economy, and markups, was built. It was assumed that in the long-term only technology shock influences productivity, whereas shocks in markups make no impact on labor demand. After including labor markups developments, the technology shock seemed to increase the competition level, and the exerted market power rises over time. The positive sign of movement is opposed to results regarding unconditional cyclicality of markups in the food industry and in the whole Polish economy.

scholarly journals IMPACT OF FOOD INDUSTRY MARKUPS ON SECTORIAL BUSINESS CYCLE AND FOOD INFLATION IN POLAND

2017 ◽  
Vol 16 (4) ◽  
pp. 41-50
Author(s):  
Szczepan Figiel ◽  
Mariusz Hamulczuk ◽  
Justyna Kufel-Gajda
Keyword(s):  
Business Cycle ◽  
Food Industry ◽  
Positive Impact ◽  
Food Sector ◽  
Labor Share ◽  
Var Analysis ◽  
Cross Correlations ◽  
Policy Measures ◽  
Polish Economy ◽  
Food Inflation

The main goal of this paper was to examine relationships between markups, output, and food inflation in the Polish food sector in the period 2000–2013. Levels of the monopolistic markups were calculated as an inversed labor share in the output value with a modification regarding overhead labor, whereas value of production was used as an indicator of sectorial business cycle. In order to analyze the relationships in question such methods as cross-correlations, Granger test, and VAR analysis were employed. It turned out that markups have behaved procyclically regarding the sectorial business cycle, and can be regarded as a lagged indicator for output and as a predictor for food inflation. A positive impact of the markups on the food inflation is likely to be one of the reasons for relatively weak joint changes of output and inflation, what may affect responses of the Polish economy to the monetary policy measures.

scholarly journals APPLICATION OF SYNTHETIC TAXONOMIC MEASURE TMAI FOR THE ASSESSMENT OF INVESTMENT ATTRACTIVENESS OF THE SELECTED FOOD INDUSTRY COMPANIES LISTED ON THE WARSAW STOCK EXCHANGE IN THE YEARS 2013 – 2016

2018 ◽  
Author(s):  
Monika ZIELIŃSKA-SITKIEWICZ ◽  
Mariola CHRZANOWSKA
Keyword(s):  
Food Industry ◽  
Stock Exchange ◽  
Point Of View ◽  
Food Sector ◽  
Financial Condition ◽  
Beer Industry ◽  
Warsaw Stock Exchange ◽  
Polish Economy ◽  
Profitability Ratios ◽  
Agricultural Food

The food sector is one of the most important and fastest growing branches of the Polish economy. It employs almost 15% of all employees employed in the industry. Polish manufacturers are characterised by high competitiveness both in the EU and in the world. The macroeconomic environment in recent years has been relatively stable for the development of the food industry production in Poland, but the dynamics of agricultural-food products has experienced a slight slowdown. There were also fluctuations in profitability ratios in the sector, which may have been somewhat alarming for the investors. The article attempted to evaluate the investment attractiveness of 24 joint stock companies in the food sector, representing various industries, listed on the Warsaw Stock Exchange. The Taxonomic Measure of the Attractiveness of Investments (TMAI) and the company rankings were created for the years 2013 – 2016. The results showed that the Wawel and Astarta companies were at the top of the rankings in the studied years, representing the confectionery and the sugar sector, and the Żywiec company from the beer industry. The meat and fish processing companies were more or less centred on the scale. The companies KSG Argo, Milkiland, Wilbo, Pepees and Pamapol involved in the agricultural-food production and processing received the poorest evaluations of the investment attractiveness. The synthetic taxonomic TMAI measure makes it possible to build company rankings within the analyzed group, from the point of view of the assessment of the financial condition and investment attractiveness of the surveyed companies. It can provide additional help in assessing the company’s situation, e.g., for the investors.

scholarly journals Monopolistic markups in the Polish food sector

Equilibrium ◽  
2017 ◽  
Vol 12 (1) ◽  
pp. 147
Author(s):  
Justyna Kufel-Gajda
Keyword(s):  
Market Power ◽  
Marginal Cost ◽  
Food Industry ◽  
Value Added ◽  
Financial Statements ◽  
Food Sector ◽  
Market Structures ◽  
Security Issues ◽  
The Business Cycle ◽  
Primal And Dual

Research background: Research background: Agro-food sectors are commonly considered as highly regulated, traditional and of strategic importance, mainly due to the food security issues. Changes in the related market structures are subject of constant interest because of their importance for competition and economic welfare of food producers and consumers. In Poland, a rising concentration among various branches of the food industry can be observed. Unfortunately, there is a lack of studies regarding the level of actually exerted market power. Purpose of the article: The main objective of the article was to depict the changes of the market power execution in the Polish food sector and its branches in the period 2002–2013. Methods: As a measure of market power, markups of price above the marginal cost were applied and for their estimation two methods were used, namely the Roeger method involving primal and dual Solow residuals and the method based on the marginal cost of labor. Yearly data from F-01 financial statements regarding 32 food sector branches and various accounting categories were used in the calculations. Findings and Value added: It was found that in the analyzed period the markup over marginal cost on average amounted to 9.75%, and it was increasing over time. The labor input category seemed to be not sufficient for the markup calculation. The evolution of the monopolistic power in the Polish food sector appears to be associated not only with the business cycle, but also with the sector developments accelerated by the accession to the EU. Moreover, the differences in results for the branches indicate a considerable heterogeneity in the Polish food industry companies pricing practices. The research constitutes the first trial of the measurement of both the Roeger markups in the Polish food sector branches and the labor markups changes in the Polish food sector.

scholarly journals Potential application of gold nanoparticles in food packaging: a mini review

Gold Bulletin ◽  
2021 ◽  
Author(s):  
Saeed Paidari ◽  
Salam Adnan Ibrahim
Keyword(s):  
Gold Nanoparticles ◽  
Potential Application ◽  
Food Industry ◽  
Food Packaging ◽  
Industrial Applications ◽  
Mechanisms Of Action ◽  
Microbial Load ◽  
Food Sector ◽  
The Past ◽  
Industry Applications

AbstractIn the past few decades, there have been remarkable advances in our knowledge of gold nanoparticles (AuNPs) and synthesizing methods. AuNPs have become increasingly important in biomedical and industrial applications. As a newly implemented method, AuNPs are being used in nanopackaging industries for their therapeutic and antibacterial characteristics as well as their inert and nontoxic nature. As with other NPs, AuNPs have privileges and disadvantages when utilized in the food sector, yet a significant body of research has shown that, due to the specific nontoxic characteristics, AuNPs could be used to address other NP flaws. In this mini review, we present synthesizing methods, food industry applications, and mechanisms of action of gold nanoparticles. Regarding the investigations, gold nanoparticles can play a major role to reduce microbial load in foodstuff and therefore can be implemented in food packaging as an effective approach.

scholarly journals Business Strategies in HR in Times of Crisis: The Case of Agri-Food Industry in Central Greece

Businesses ◽  
2021 ◽  
Vol 1 (1) ◽  
pp. 36-50
Author(s):  
Konstantina Ragazou
Keyword(s):  
Food Industry ◽  
Group Discussion ◽  
Business Strategies ◽  
Food Sector ◽  
Central Greece ◽  
Internal Mobility ◽  
Modern Business ◽  
Mobility Training ◽  
A Company ◽  
Depth Interviews

Crisis, in whatever form it takes, is a challenge for modern business. The challenge lies in the fact that a company is prepared to balance the difficult conditions that are created, while preserving their business interest and efficiency. Thus, companies focus only on their perceived fixed bases, those that are in the internal environment such as the human capital. The need for better human resource management is more urgent than ever, and the burden on the business department is particularly great. The aim of this qualitative research is to highlight the strategies that were developed by agri-food companies in Greece and contribute to the maintenance and motivation of employees in the context of economic crisis. The methodology of this study is based on in depth interviews that were conducted in focus group discussion. Eleven companies from the agri-food sector in the region of Central Greece participated in the research. The executives highlighted three different strategies that were developed by agri-food companies in Greece, which focused on internal mobility, training and appraisal performance. Companies had to face different difficulties to use these strategies, but most of them proved that they can face their weaknesses and apply these strategies in a turbulent period like a financial crisis.

scholarly journals The Relationship between Reputation, Customer Satisfaction, Trust, and Loyalty

2014 ◽  
Vol 4 (3) ◽  
pp. 368 ◽  
Author(s):  
Roshana Gul
Keyword(s):  
Customer Satisfaction ◽  
Customer Loyalty ◽  
Significant Relationship ◽  
Positive Sign ◽  
Medical College ◽  
Independent Variable ◽  
Relationship Of ◽  
The Relationship ◽  
Self Administered Questionnaire

Though a lot of studies have been done to conclude customer loyalty as dependent variable but still there is a vast margin of researches to be conducted in future in different spheres of this construct. On the other hand the truth of the importance of customer loyalty as an enduring asset cannot be falsified. It is fundamental for organizations to build up long term and mutual beneficial associations with the customers. The purpose of this research paper is to show the inter relationship of reputation, customer satisfaction and trust on customer loyalty. According to the observations reputation is the major independent variable that has significant relationship with customer satisfaction, customer loyalty, and trust. Data for this research study was taken from the Islamia University, Quaid-e-Azam Medical College, and different banks located at various geographic locations of Bahawalpur region of Pakistan. Data was collected through self administered questionnaire and analyzed by using regression through SPSS. The results have been drawn from 150 users of NISHAT LINEN and it was found that there is positive and significant relationship among reputation, customer satisfaction, trust and customer loyalty. Hence the studies give the positive sign that with the increment of reputation, customer satisfaction and trust the customer loyalty enhances.  

Wind Speed Forecasting Using a Combined Method Based on Auto Regression and Wavelet Transform

2012 ◽  
Vol 512-515 ◽  
pp. 803-808
Author(s):  
Ji Long Tong ◽  
Zeng Bao Zhao ◽  
Wen Yu Zhang
Keyword(s):  
Wind Speed ◽  
Original Data ◽  
Ar Model ◽  
Wind Speed Forecasting ◽  
Wind Speed Prediction ◽  
Prediction Time ◽  
New Strategy ◽  
Speed Prediction ◽  
Auto Regression

This paper presents a new strategy in wind speed prediction based on AR model and wavelet transform.The model uses the adjacent data for short-term wind speed forecasting and the data of the same moment in earlier days for long-term wind speed prediction at that moment,taking the similarity of wind speed at the same moment every day into account.Using the new model to analyze the wind speed of An-xi,China in April,2010,this paper concludes that the model is effective for that the correlation coefficient between the predicted value and the original data is larger than 0.8 when the prediction is less than 48 hours;while the prediction time is long ahead (48-120h),the error is acceptable (within 40%),which demonstrates that the new method is a novel and good idea for prediction on wind speed.

scholarly journals A model assessing innovativeness of administration units awarding public contracts as a tool to conduct economic policy of the state

Equilibrium ◽  
2015 ◽  
Vol 10 (2) ◽  
pp. 93
Author(s):  
Arkadiusz Borowiec
Keyword(s):  
Economic Policy ◽  
New Technologies ◽  
Public Procurement ◽  
The State ◽  
Rational Approach ◽  
Factors Affecting ◽  
Innovation Potential ◽  
Innovative Products ◽  
Polish Economy

In today's market economy factors concerning knowledge, new technologies and innovative solutions are essential for economic development. However, the Polish economy, despite its high innovation potential compared to other European Union countries, is characterized by a very low level of innovativeness. Implementing this potential is conditioned with an appropriate economic policy of the state and rational approach to its resources and legal solutions. One of the possibilities of such an action is the use of public procurement instrument through which it is possible to more effectively create demand for innovative products and services. As shown by literature studies, the achievements of the subject literature associated with the creation of demand for innovations by public administration in Poland have been very modest. This gap is recognized the article and it attempts to build a model for assessing the innovativeness of these units. Network thinking methodology was used to build the model. As a result, after the identification of factors affecting the conduct of an innovative public procurement, a network of links was established between them and examined in terms of type, intensity and duration of exposure. Building a model according to the methodology, the opinions of experts have been used along with long-term observations conducted in the course of participation in all kinds of conferences and trainings. The model was also subjected to validation in two selected units.

scholarly journals Assessing the Tendencies in the Production, Sales and Organization of Consumption of Food Products and Services

2021 ◽  
Vol 2 (517) ◽  
pp. 308-315
Author(s):  
S. M. Sukacheva-Trunina ◽  
Keyword(s):  
Food Supply ◽  
Food Industry ◽  
Food Products ◽  
Food Sector ◽  
Agricultural Enterprises ◽  
Managerial Decisions ◽  
Methodical Approach ◽  
Its Regions ◽  
The Status ◽  
Agriculture And Food

The article is aimed at forming a methodical approach to the assessment of tendencies in production, sales and organization of consumption of food products and services, which includes all the components of the food sector and allows to conduct a comprehensive assessment of tendencies in its development. The proposed methodical approach includes assessment of the status and dynamics of food supply to the population, assessment of the status and dynamics of indicators of agricultural enterprises, food industry, trade in foods, restaurant economy and assessment of the factors that influence the development of the food sector. The use of the proposed methodical approach allows to reasonably make decisions on the development of a strategy for the development of food sector enterprises. The conducted studies have shown that in Ukraine as a whole and in its regions in particular in recent years there have been positive tendencies in the production, sale and organization of consumption of food products and services. At this, sales of foods by enterprises of both agriculture and food industry is much higher than by retail enterprises of food products and restaurant enterprises, which indicates the sufficient provision with food products to the financially reliable demand of the population of Ukraine. Prospects for further research in this direction are the development of methodical instrumentarium for assessing the effectiveness of management of food sector enterprises, which will be adapted to modern conditions for the implementation of specific managerial decisions.

scholarly journals The internationalisation of the Spanish food industry: the home market effect and European market integration

2015 ◽  
Vol 13 (3) ◽  
pp. e0104 ◽  
Author(s):  
Raul Serrano ◽  
Nieves García-Casarejos ◽  
Salvador Gil-Pareja ◽  
Rafael Llorca-Vivero ◽  
Vicente Pinilla
Keyword(s):  
European Union ◽  
Market Integration ◽  
Food Industry ◽  
Home Market ◽  
The European Union ◽  
Home Market Effect ◽  
Market Effect ◽  
Positive Effects ◽  
Food And Drink

<p>The objective of this study was to analyse, from a long-term perspective, the factors determining the process of the internationalisation of the Spanish agrifood industry. The paper concentrates on the empirical verification of the existence of a home market effect in the food and drink industries in Spain and on the effects on trade flows of integration into the European Union. With this aim in mind, we took into account the latest contributions to the estimation of the gravity equation for a sample of export flows from 13 agrifood subsectors between 1970 and 2012, with a destination of 175 markets. From the results of the study the existence of the “home market effect” stands out as the determining factor of the increasing process of internationalisation in the majority of the subsectors of the food industry. On this point, the presence of this effect is remarkable in the most dynamic industries, where the process of restructuring caused by the development of the internal market was more intense. Furthermore, the influence of the process of European integration has been shown by the literature to be a very important factor. Our results qualify in part the results of previous studies, since the positive effect appeared later than expected. The positive effects did not appear until the completion of the process of transition by the dismantling of the barriers established in the treaty of accession to the European Union.</p>

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