scholarly journals THE EFFICIENCY OF PRODUCTION FACTORS ON AGRICULTURAL FARMS OF THE VISEGRAD GROUP

2020 ◽  
pp. 70-80
Author(s):  
Agnieszka Cyburt ◽  
Agnieszka Gałecka
Keyword(s):  
Land Resources ◽  
Return On Assets ◽  
Accounting Data ◽  
The Czech Republic ◽  
Capital Productivity ◽  
Production Factors ◽  
Farm Accountancy Data Network ◽  
Effective Use ◽  
Visegrad Group ◽  
Research Period

The objective of the study was to determine the effectiveness of the use of production factors on farms of the Visegrad Group countries. The research covered farms participating in the European system for collecting accounting data from FADN (Farm Accountancy Data Network) farms. Under the main objective, an assessment was made of the productivity and profitability of land, labour and capital. The research period covered the years 2014-2017. Based on the analyses that was conducted, it was found that the most effective use of land resources was on farms in Hungary and Poland, and the least effective in Slovakia. Considering labour and capital productivity, the highest results were achieved by farms in the Czech Republic and Slovakia, while the lowest by Polish farms. On the other hand, Hungarian farms were characterized by the highest profitability of labour and return on assets, where the analysed indicators were higher than the EU average.

scholarly journals Agricultural performance in the V4 countries and its position in the European Union

2018 ◽  
Vol 64 (No. 8) ◽  
pp. 337-346
Author(s):  
Szabo Luboslav ◽  
Grznar Miroslav ◽  
Zelina Michal
Keyword(s):  
European Union ◽  
Raw Materials ◽  
Developed Countries ◽  
Farm Income ◽  
The European Union ◽  
Production Factors ◽  
Agricultural Performance ◽  
Farm Accountancy Data Network ◽  
Visegrad Group ◽  
The Eu

The paper is devoted to an analysis of the development of agrarian farms in Visegrad Group (V4) countries, primarily in terms of results and the most important production inputs of production factors and their efficiency in the period from 2004 to 2013 based on the EU Farm Accountancy Data Network (FADN). The results of the analysis show that if farms in the V4 countries want to achieve the same performance as developed countries, they must invest more in purchasing intensification factors and adjust the structure of assets production specification. It will be necessary to stop the reduction in the numbers of livestock and to strive for growth in gross farm income, mainly through the processing of agricultural raw materials.

scholarly journals Dupont Analysis of Farms in V4 Countries

2019 ◽  
Vol 8 (2) ◽  
pp. 82-86
Author(s):  
Jana Ladvenicová ◽  
Zuzana Bajusová ◽  
Ľubomír Gurčík ◽  
Dávid Červený
Keyword(s):  
Czech Republic ◽  
Negative Impact ◽  
Return On Assets ◽  
The Czech Republic ◽  
Return On Equity ◽  
Synthetic Indicator ◽  
Dupont Analysis ◽  
Farm Accountancy Data Network ◽  
Return On Sales ◽  
The Relationship

Abstract The paper deals with the analysis of factors that influence the change in return on equity (ROE) in farms of individual V4 countries – in Slovakia, Poland, Hungary and the Czech Republic. DuPont analysis denotes the decomposition of the ROE indicator and is classified as a basic pyramid decomposition. The pyramid system captures the relationship between indicators, where one synthetic indicator (ROE) is broken down into analytical indicators through linkages. In the case of a multiplicative link between indicators, the functional and logarithmic method is used. The source of data is the Farm Accountancy Data Network for the period 2009–2017. Comparing the first and last year we can conclude that the ROE indicator decreased in farms of all V4 countries (in Slovakia by 155%, in Czech Republic by 133%, in Hungary by 52% and in Poland by 19%). The predominantly positive or negative impact on its development was mainly influenced by two indicators: return on assets and return on sales in all countries.

scholarly journals CHANGES IN RESOURCES AND THE STRUCTURE OF PRODUCTION FACTORS AND THEIR PRODUCTIVITY IN HORTICULTURAL HOLDINGS IN THE YEARS 2010-2018

2020 ◽  
Vol XXII (3) ◽  
pp. 53-64
Author(s):  
Tadeusz Filipiak
Keyword(s):  
Added Value ◽  
Land Resources ◽  
Capital Productivity ◽  
Production Factors ◽  
Labor Ratio ◽  
Capital Labor Ratio ◽  
Factors Of Production ◽  
Labor Resources ◽  
Economic Size ◽  
Capital Value

The aim of the research was to assess the changes in relations between factors of production and their effectiveness in horticultural holdings depending on their economic size in Poland in the years 2010-2018. The general characteristics of FADN horticultural holdings in Poland have been presented, followed by a description of the capital-labor ratio and the capital-land ratio and land resources per work unit, that is, the basic correlations between factors of production. Productivity of work, land and capital measured by gross added value was determined. On the basis of research, it was found that the resources of production factors increased along with the economic size of horticultural holdings. In the examined period, land resources decreased (apart from the biggest farms), labor expenditures were reduced, while capital resources increased. Increase in capital value, accompanied by a reduction in land and labor resources, resulted in enhancing the capital-labor ratio and capital-land ratio. In general, as economic size increased, so did the productivity of factors of production. The highest productivity of labor, land and capital was recorded in the biggest holdings. In the examined period, in all classes of economic size, an increase in labor and land productivity was observed (with the exception of the largest holdings), as well as a decrease in capital productivity (in all classes). Deterioration of capital productivity of horticultural holdings was due to a greater increase in capital value in comparison with gross added value. In the examined period, productivity of factors of production decreased in the largest holdings (economic class 5), despite the achievement of the highest productivity of factors of production in comparison with other classes.

scholarly journals EFFECTIVENESS OF FDI, TECHNOLOGICAL GAP AND SECTORAL LEVEL PRODUCTIVITY IN THE VISEGRAD GROUP

2020 ◽  
Vol 0 (0) ◽  
pp. 1-26
Author(s):  
Kamil Makieła ◽  
Liwiusz Wojciechowski ◽  
Krzysztof Wach
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Labour Productivity ◽  
Technological Gap ◽  
Labour Productivity Growth ◽  
Sectoral Output ◽  
Effective Use ◽  
The Impact ◽  
Visegrad Group ◽  
Sample Heterogeneity

The objective of this paper is to investigate the impact of foreign direct investment (FDI) on economic growth and productivity in sectors of the Visegrad Group one decade after their accession to the EU. In order to account for sample heterogeneity, as well as productivity differences, we construct a generalized true random-effects model with varying efficiency distribution. We find that FDI has a positive impact on the Visegrad Group’s sectors and that its effectiveness depends upon the technological gap between the host and home economy. There are three sources of this positive impact: (i) sectoral output and labour productivity growth, (ii) more effective use of input factors, and via (iii) higher efficiency component of the total factor productivity (TFP). These sources form a three-way transmission mechanism through which FDI can impact economic growth conditioned upon FDI effectiveness due to the technological gap.

scholarly journals Entrepreneurial subjects in forestry and data mining from accounting data in the Czech Republic

2004 ◽  
Vol 52 (5) ◽  
pp. 131-146
Author(s):  
Zbyněk Šmída
Keyword(s):  
Data Mining ◽  
Czech Republic ◽  
Financial Analysis ◽  
Business Environment ◽  
Financial Statement ◽  
State Enterprise ◽  
Ratio Analysis ◽  
Volume Data ◽  
Accounting Data ◽  
The Czech Republic

Forests owned by the state in the Czech Republic are managed by Forests of the Czech Republic, state enterprise with its headquarters in Hradec Králové. The private companies (established during the economic reform in 1992 and privatization in 1994) carry out silvicultural and logging activities in state forests on the basis of contracts. This study is focused on forest enterprises (contractors); the current situation of business environment in the Czech Republic was studied. There have been found 38 236 forestry entrepreneurs in the Czech Republic, and divided according to legal title, to numbers of employees onto groups on the basis of size and availability of their accounting data in the first part of the article.The second part deals with data mining from accounting by a process known as a Financial statement analysis, which has to make an informed decision for owners or managers of the enterprise. Ratio analysis is regarded as the basic methodical instrument of financial analysis. Ratio analysis effectively summarizes multiple financial statement categories into few relative indices of performance and financial position. It is powerful method for managing with the complexity and volume data presented in financial statements. The relative indices converse financial statement categories into measures and it helps control for differences across companies and across time. This article contains chosen forestry contractors and describes the most useful economic indicators (ratios) and takes into account possible utilization in the sector generally.

scholarly journals The analysis of individual Visegrad group members’ agrarian export sensitivity in relation to selected macroeconomic aggregations

2011 ◽  
Vol 59 (4) ◽  
pp. 327-342
Author(s):  
Miroslav Svatoš ◽  
Luboš Smutka
Keyword(s):  
Agricultural Trade ◽  
Added Value ◽  
The Czech Republic ◽  
Grocery Industry ◽  
Agricultural Exports ◽  
Group Members ◽  
The Subject ◽  
The Individual ◽  
High Degree ◽  
Visegrad Group

This paper analyzes the development of agricultural trade of the countries of the Visegrad Group with emphasis on development of the value of agricultural exports of the individual countries. The subject matter of the analysis is the sensitivity of the commodity structure of agricultural exports of individual countries and the identification of aggregations that are the least and the most sensitive to changes to the external and internal economic environment. From the conducted research, agricultural trade in the V4 countries was found to have developed very dynamically from 1993 to 2008, while the commodity structure of exports has constantly narrowed as the degree of specialization of the individual countries has increased (this applies especially to the Czech Republic, Slovakia and Hungary). From the results of analysis of sensitivity to changes of selected variables relating to the development of the value of agricultural exports of the individual V4 countries, it appears that the aggregations that react most sensitively to changes are those that are the subject of re-exports, followed by the aggregations that are characterized by a high degree of added value. In general it can be said that products of agricultural primary production exhibit less sensitivity in comparison with grocery industry products. This is confirmed by the general trend arising from the very nature of consumer behaviour.

scholarly journals The Attractiveness of Selected Central European Countries for Winter Sports and Mountain Hiking

Turyzm ◽  
2018 ◽  
Vol 28 (1) ◽  
pp. 35-40
Author(s):  
Kinga Krzesiwo ◽  
Kamila Ziółkowska-Weiss ◽  
Michał Żemła
Keyword(s):  
Czech Republic ◽  
Mass Scale ◽  
European Countries ◽  
Mountainous Areas ◽  
Winter Sports ◽  
The Czech Republic ◽  
Central European ◽  
Downhill Skiing ◽  
Visegrad Group

Abstract Hiking, downhill skiing and snowboarding are among the most popular forms of active tourism in mountainous areas. Their popularity and their mass scale do not only result from the presence of the appropriate landscape, but also from its appropriate development. The objective of the article is to attempt to assess the attractiveness of selected Central European countries in terms of winter sports and mountain hiking, to consider the opinions of students who live in Visegrad Group countries, as well as to evaluate the barriers to development of their competitive offers. According to respondents, the most attractive countries for winter sports are Austria and Slovakia, and the least attractive are Hungary, Romania and Lithuania. In turn, according to the students, the best conditions for mountain hiking are in Slovakia, Austria, the Czech Republic and Poland. In addition, respondents from particular countries assessed domestic offers highly.

THE ROLE OF THE SYSTEM OF PASTURE TERMS AND TOPONYMS OF SARYARKA IN DETERMINING LANDSCAPE FEATURES

2021 ◽  
Vol 101 (2) ◽  
pp. 52-62
Author(s):  
A.Ye. Yeginbayeva ◽  
◽  
K.T. Saparov ◽  
Z.K. Myrzalieva ◽  
M.A. Aralbekova ◽  
...  
Keyword(s):  
Spatial Distribution ◽  
Agricultural Production ◽  
Animal Husbandry ◽  
Land Resources ◽  
Natural Conditions ◽  
Cattle Breeding ◽  
Urgent Task ◽  
Key Issues ◽  
Effective Use

In market conditions, one of the key issues of management is the effective use of available natural resources. In agricultural production, these are the problems of using land resources. An urgent task is the rational use of pasture resources according to the seasons of the year for the management of pasture cattle breeding. The article considers the reflection in geographical names of pasture names and terms used in traditional animal husbandry, which provide important information about the features of the landscape. In addition, the regularities of the use of natural conditions by the ethnic group that inhabited this territory, the spatial distribution of pasture terms characteristic ofa particular landscape are determined.

THE POTENTIAL OF SMALL INNOVATIVE FIRMS IN PRESERVING A SUSTAINABLE ENVIRONMENTAL ENVIRONMENT IN THE TERRITORIES OF ADVANCED SOCIO-ECONOMIC DEVELOPMENT

2020 ◽  
Author(s):  
E. A. Gasanov ◽  
T. S. Boiko ◽  
N. S. Frolova
Keyword(s):  
Effective Interaction ◽  
High Technology ◽  
Economic Resources ◽  
Key Factors ◽  
Production Factors ◽  
New Knowledge ◽  
Complex Structural ◽  
Target Characteristics ◽  
Effective Use ◽  
Technological Platforms

According to the target characteristics, innovative mesoeconomics is a complex structural transformation. Under the new conditions, a rational principle of effective interaction of production factors is being formed and is functioning, based on a system of innovative technological regimes. They reduce the value of traditional economic resources and preserve the global ecological space. The key factors of mesoeconomic innovation are the possession and effective use of new knowledge in the field of science, high technology, various means of individualization and other intangible assets. The dominant principles, conditions, factors, mechanisms and tools for the implementation of innovative mesoeconomics are being formed. Standards are being created to achieve the intellectual and technological platforms of innovative mesoeconomics.

scholarly journals Statistical analysis of economic viability of farms operating in Czech areas facing natural constraints

2020 ◽  
Vol 66 (No. 5) ◽  
pp. 193-202
Author(s):  
Tomas Hlavsa ◽  
Jindrich Spicka ◽  
Marie Stolbova ◽  
Zuzana Hlouskova
Keyword(s):  
Agricultural Policy ◽  
Rural Areas ◽  
Value Added ◽  
Economic Viability ◽  
The Czech Republic ◽  
Field Crops ◽  
Farm Accountancy Data Network ◽  
The Common ◽  
Net Value Added ◽  
Grazing Livestock

The redesign of the Common Agricultural Policy (CAP) allows for more room to address issues related to stabilising farmers’ income and developing their viability in areas facing natural constraints (ANC). Maintaining income levels, developing farm economies in rural areas, and encouraging competitive agricultural practises are the challenges facing the new CAP. ANCs in the Czech Republic are characterised by a lower level of income compared to areas outside ANCs and their generally prevailing specialisation in livestock production, which has been facing a relatively turbulent development in the last decade. The main aim of this paper is to evaluate the economic viability with regard to the level of natural disadvantage and with regard to farm specialisation. The database of Farm Accountancy Data Network (FADN) was used for assessment; the authors built the Farm Economic Viability indicator, which is based on modified Farm Net Value Added. The differences between the farm groups were tested through analysis of variance. Significantly lower viability was found in ANCs compared to farms outside ANCs. Field crops achieved significantly higher levels, both in and outside ANCs. The most threatened group of farms are grazing livestock in ANCs.

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