Agricultural Economics - Latest articles
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Research on the promotion effect and mechanisms of digital empowerment of food enterprises
Penglong Li, Xuan Ye
Agric. Econ. - Czech, 2024, 70(2):60-72 | DOI: 10.17221/271/2023-AGRICECON 
Based on panel data from 2010 to 2020 of 151 A-share listed food-related enterprises in China, this research uses a fixed-effect model to analyse the impact of digital transformation on total factor productivity (TFP) in food-related enterprises. Our findings indicated that digital transformation has a positive and significant catalytic effect on TFP improvement in food-related enterprises. The mechanism test revealed that both cost-saving and innovation capacity enhancement effects of digital transformation contributed to the promotion of TFP improvement in these enterprises. Moreover, our heterogeneity analysis suggested that digital transformation...
Does the payment method matter in online shopping behaviour? Study on the Romanian market of vegetables during the pandemic crisis
Ioan-Sebastian Brumã, Cristina Cautisanu, Lucian Tanasã, Simona-Roxana Ulman, Meda Gâlea, Alexandra Raluca Jelea
Agric. Econ. - Czech, 2024, 70(1):34-47 | DOI: 10.17221/314/2023-AGRICECON
The present study, centred on customer online shopping behaviours, aims at analysing the frequency of vegetable acquisition and its main determining factors, while considering different methods of payment, i.e. cash, debit card, and bank transfer on the Romanian market. Using data obtained from a questionnaire applied nationwide, a descriptive analysis and logistic regression were performed. An immature market in terms of digitalisation, characterised by the customers’ mistrust in online bank transfers, but also in products sold online was observed. In addition, the income, education, gender, and size of the household appeared to be significant...
The impact of fluctuating international fertiliser prices and exchange rates on domestic fertiliser prices in Türkiye
Ozgur Bor, Nihat Dagistan
Agric. Econ. - Czech, 2024, 70(1):12-23 | DOI: 10.17221/308/2023-AGRICECON
This study aims to examine the relationship between domestic and international prices of di-ammonium phosphate (DAP) and urea fertilisers together with exchange rates in Türkiye using the non-linear autoregressive distributed lag (NARDL) model on monthly data for the period of January 2011 to September 2022. The result of the study provides empirical evidence about the presence of asymmetries in the short and long-run among these fertilisers. The findings of the study confirm that international prices of di-ammonium phosphate and urea fertilisers have a symmetric effect in the long-run and exchange rate of the Turkish lira to US dollars has an asymmetric...
Beef, lamb, pork and poultry meat commodity prices: Historical fluctuations and synchronisation with a focus on recent global crises
Massimiliano Calvia
Agric. Econ. - Czech, 2024, 70(1):24-33 | DOI: 10.17221/361/2023-AGRICECON
This work addresses short-run fluctuations of nominal global meat commodity prices, that is, beef, lamb, pork, and poultry, from January 1980 to October 2023, thus including the COVID-19 pandemic and the Russo-Ukrainian conflict. It tries to answer the following questions: how do fluctuations in meat commodity prices behave historically? Are meat commodity prices synchronised? Do their co-movements show specific features during recent global crises such as the COVID-19 pandemic and the Russo-Ukrainian war? Using a ‘classical’ framework of cycle analysis, the work provides a series of turning points upon which statistics on phase and...
Impact of external shocks on international corn price fluctuations
Shuai Liu, Dingyu Liu, Sibo Ge
Agric. Econ. - Czech, 2024, 70(1):1-11 | DOI: 10.17221/318/2023-AGRICECON
In recent years, the external shock represented by COVID-19 has caused significant fluctuations in global corn prices. Based on the weekly data on international corn prices from 2020 to 2023, this paper constructs autoregressive conditional heteroskedasticity (ARCH) class and time-varying parameter – vector autoregression (TVP-VAR) models. After analysing the characteristics of corn price fluctuations, it further analyses the influence of external uncertainties such as COVID-19, international finance, the corn futures market, and international exports of corn on corn price fluctuations. The results show that international corn price fluctuations...
Index of reviewers 2023
Editorial Office
Agric. Econ. - Czech, 2024, 70(1):I-III
Price transmission between maize and poultry product markets in the Visegrád Group countries: What is more nonlinear, egg or chicken?
Sergei Kharin, Zuzana Kapustova, Ivan Lichner
Agric. Econ. - Czech, 2023, 69(12):510-522 | DOI: 10.17221/320/2023-AGRICECON
In this article, we present applied research in the field of price transmission modelling with the generalised additive model. In line with recent studies on nonlinear time series models for price transmission, we introduce a nonparametric technique of generalised additive modelling to provide evidence of nonlinear patterns in price linkages and compare the degree of nonlinearity in price transmission between feed maize and poultry product markets in the Visegrád Group countries. The results of our empirical approach contribute to knowledge about market competitiveness in the Visegrád Group countries and provide information to policymakers.
Are futures markets functioning well for agricultural perishables? Evidence from China’s apple futures market
Qianqian Mao, Jens-Peter Loy, Thomas Glauben, Yanjun Ren
Agric. Econ. - Czech, 2023, 69(12):471-484 | DOI: 10.17221/278/2023-AGRICECON
Emerging economies often establish commodity futures markets to discover price signals, manage price risks and improve market integration, but establishing a futures market may not be feasible for agricultural perishables. In this study, we evaluated the function of the world’s first fresh fruit futures contract for apples. Combining partial cointegration with state-space modelling, we derived time-varying price discovery metrics for the apple futures market. Our findings revealed a limited and time-varying dominance of price discovery by the futures market, while a substantial share of price discovery occurred in the spot market. Moreover,...
A constant market share analysis of the competitiveness of the Czech Republic’s agrifood exports (2002–2020) to the European Union
Ivo Zdráhal, Francois Stefanus Lategan, Melissa van der Merwe
Agric. Econ. - Czech, 2023, 69(12):498-509 | DOI: 10.17221/248/2023-AGRICECON
We conducted a quantitative ex post analysis of the competitiveness of the Czech Republic’s agrifood exports to other European Union (EU) Member States between 2002 and 2020, using the constant market share (CMS) methodology. The application of this methodology to Czech agrifood exports is novel, as it allows for analysing the export competitiveness variation and its components. Although the findings are consistent with those of previous studies in which the investigators used alternative methodological approaches, we make three contributions to the existing literature. Firstly, the Czech Republic experienced an overall increase in its competitiveness...
Trust evolution, institutional constraints, and land trusteeship decisions among Chinese farmers
Qi Li, Menghui Gao
Agric. Econ. - Czech, 2023, 69(12):485-497 | DOI: 10.17221/232/2023-AGRICECON
Land trusteeship involves farmers entrusting the farming and managing of their land to trustees, who manage the land on their behalf in exchange for a commission fee. Land trusteeship has been an important approach to bridging the gap between smallholder farmers and modern agriculture in China. Because of the information asymmetry in land trusteeship, farmers have higher uncertainty and perceived risk, so social trust and institutional constraints are particularly important in promoting farmers’ participation in trusteeship. The objective of this study was to examine the impact of trust evolution and institutional constraints on smallholder...
Index of authors volume 69
Editorial Department
Agric. Econ. - Czech, 2023, 69(12):IV-V
Index of contents volume 69
Editorial Department
Agric. Econ. - Czech, 2023, 69(12):I-III
Mechanization’s impact on agricultural total factor productivity
Yuxin Cui
Agric. Econ. - Czech, 2023, 69(11):446-457 | DOI: 10.17221/291/2023-AGRICECON
Agricultural mechanisation is rapidly increasing in China and will have an increasing impact on agricultural total factor productivity (TFP) in the future. This study uses panel data from 27 provinces in China, spanning the years 2001‒2020, to measure agricultural TFP, and estimates the effects of mechanisation on TFP, technical efficiency, and technological progress. The results reveal that the level of agricultural mechanisation can promote TFP. TFP has a cumulative effect in the previous period, which can also significantly affect TFP in the current period. The level of agricultural mechanisation improves...
Profit efficiency and its determinants in the agricultural sector: A Bayesian approach
Marta Arbelo-Pérez, Pilar Pérez-Gómez, Antonio Arbelo
Agric. Econ. - Czech, 2023, 69(11):436-445 | DOI: 10.17221/279/2023-AGRICECON
Most empirical studies evaluating efficiency in the agricultural sector estimate cost efficiency, assuming homogeneity across firms. However, achieving the goal of profit maximisation requires both minimising costs and maximising revenue. Unlike cost efficiency, the concept of profit efficiency considers the errors on both the input side and the output side, and thus, it is more appropriate for evaluating the overall performance of firms. This paper estimates profit efficiency and its determinants in the agricultural sector in Spain using a Bayesian stochastic frontier model with random coefficients. This methodology adequately captures the heterogeneity...
Farmland accumulation and rural household income: evidence from the Red River Delta region of Vietnam
Thi Long Vy Le, Truong Lam Do, Huu Nhuan Nguyen, Trung Thanh Nguyen
Agric. Econ. - Czech, 2023, 69(11):458-469 | DOI: 10.17221/260/2023-AGRICECON
We identify the factors affecting the participation in land accumulation of rural households by using a multinomial logit model and assess the income effects of participation in land accumulation by using the propensity score matching (PSM) method. We use household data from a rural survey in three provinces in the Red River Delta of Vietnam in 2019. Our results show that farmland accumulation is significantly correlated with age and gender of household head, as well as agricultural productive assets, non-farm income, saving and access to credit. The participation in farmland accumulation leads to an increase in total household income, although...
Impact of project information disclosure on backers‘ investment intensity in reward-based crowdfunding: Evidence from agri-food crowdfunding in China
Junjuan Du
Agric. Econ. - Czech, 2023, 69(11):427-435 | DOI: 10.17221/249/2023-AGRICECON
How to encourage backers to increase investment and obtain more funds is an important issue for both initiators and platforms in reward-based crowdfunding. Based on the trust theory and the elaboration likelihood model (ELM), this study explores the impact of project information disclosure on the investment intensity of backers in agri-food crowdfunding. The results show that the initiator type, trademark registration, number of certificates, number of reward types, number of project updates, and number of comments had significant positive effects on backers’ investment intensity. Meanwhile, the investment threshold and lottery had a significantly...
Exploring within- and between-effects of the factors influencing off-farm work decisions in Switzerland
Dierk Schmid, Swetlana Renner, Daniel Hoop
Agric. Econ. - Czech, 2023, 69(10):416-425 | DOI: 10.17221/233/2023-AGRICECON
We examine the determinants of off-farm work in Swiss agriculture between 2003 and 2013. By differentiating between the between-farm effects and the within-farm effects, our model provides new insights into the labour allocation process as compared with standard cross-sectional or panel data models. As regards the between-farm variations, our results show that younger farm families without children and farm households with higher non-agricultural education levels of both the farmer and the partner are more involved in working activities outside the farm. However, the within-farm time effects provided a more differentiated picture: impacts of changes...
Structural and weather-related factors of the sustainable intensification process in agriculture of the European Union regions
Jakub Staniszewski, Anika Muder
Agric. Econ. - Czech, 2023, 69(10):385-393 | DOI: 10.17221/235/2023-AGRICECON
Sustainable intensification (SI) is a widely discussed concept that aims to increase agricultural production without harming the environment. This study assessed the process of SI that took place in the EU regions from 2004 to 2018 and the impact of structural and weather-related factors. In doing so, a single index based on DEA environmentally adjusted efficiency and kernel regression were applied to data from the Farm Accountancy Data Network (FADN) Public Database and the Agri4Cast resource portal. The study found an overall positive trend of SI in the EU regions in which land and animal concentration had a significant impact on this process....
Impacts of the war on prices of Ukrainian wheat
Lenka Novotná, Zuzana Rowland, Svatopluk Janek
Agric. Econ. - Czech, 2023, 69(10):404-415 | DOI: 10.17221/121/2023-AGRICECON
The Russian-Ukrainian armed conflict significantly affected wheat production and its export from Ukraine, mainly during the war outbreak. Since both countries rank among the major global wheat producers, the warfare disrupted wheat supplies, hastily pushing the prices. Based on the analysed data, we carried out research using multilayer perceptron networks. The findings suggest the biggest price increase between February and March 2022, witnessing wheat prices at about 1 400 USD per t. We predict a decline to the pre-war values until the end of 2025, estimating its rates between 600 USD and 800 USD per t. This price slump may involve signing an agreement...
The importance of agriculture and rural areas for the future in the European Union: An exploration of public opinion
Mercedes Rodríguez, José Antonio Camacho
Agric. Econ. - Czech, 2023, 69(10):394-403 | DOI: 10.17221/115/2023-AGRICECON
The last years have seen a momentous transformation in Common Agricultural Policy (CAP). The focus of interventions has shifted from production toward rural development but recognising the role of farmers. Although the attitudes of farmers to CAP have long been previously studied, little attention has been focused on the views of citizens. Using data from the ‘Special Eurobarometer 520: Europeans, Agriculture and the CAP’, we sought to provide a clearer understanding of citizens’ opinions about the future of agriculture and rural areas in the European Union. In particular, we assessed rural-urban differences and examined disparities...
The effects of COVID-19 crisis on small family farms: Empirical evidence from Visegrad countries
Ivana Bla¾ková, Veronika Svato¹ová, Gabriela Chmelíková, Vojtìch Tamá¹, Eli¹ka Svobodová, Libor Grega, Simona Mi¹kolci, Jakub Piecuch, Apolka Ujj, Daniela Hupková, Jacek Pucha³a, István Bazsik, Paulina Jancsovszka, Kinga Nagyné Pércsi, ¥udmila Dobo¹ová
Agric. Econ. - Czech, 2023, 69(9):366-374 | DOI: 10.17221/217/2023-AGRICECON
This paper aims to investigate the effects of the COVID-19 crisis on small family farms in Visegrad countries and to provide evidence of how they have responded and coped with the crisis. We conducted our investigation using an exploratory qualitative research design based on 86 semistructured in-depth interviews with owners or responsible managers, and explored the effects of the COVID-19 pandemic on different areas of their businesses, such as human resources, supplier-customer relations, production, distribution channels or strategies, price of inputs and outputs and business models. Our findings showed that small family farms have been resilient...
Changes in the intensity and impact of factors influencing consumer behaviour in the food market over time
Irena Anto¹ová, Jana Stávková
Agric. Econ. - Czech, 2023, 69(9):358-365 | DOI: 10.17221/191/2023-AGRICECON
The paper aims to identify the changes and intensity of the factors influencing consumers’ purchasing decision-making process in the food market. The research offers a unique comparison of the situation between the years 2007 and 2022 and reveals the emerging factors affecting consumer decisions. The authors conducted a representative questionnaire survey (N = 686) to determine the influence of individual factors. The data were processed using factor analysis, which allowed for the reduction of the number of factors (20) to four determinants covering 61% of the total variability in the dataset. The determinants of consumer purchasing...
Impact of political and security stability on food security in developing countries: Case of Africa, Asia, Latin America and the Caribbean
Jangkung Handoyo Mulyo, Imade Yoga Prasada, Agus Dwi Nugroho
Agric. Econ. - Czech, 2023, 69(9):375-384 | DOI: 10.17221/142/2023-AGRICECON
Political and security stability have the potential to support developing countries‘ efforts to achieve Sustainable Development Goals, as this region is home to the majority of the global population. This study examines the impact of political and security stability and other factors on food security [as measured by the prevalence of undernourishment (PUN)] in developing countries. We analysed 2002–2020 data from 83 developing countries across Africa, Asia, and Latin America and the Caribbean, using the system General Method of Moment (sys-GMM). Our study indicates that political and security stability and the use of the internet...
Factors influencing the global agricultural trade: A network analysis
Tingting Zhang, Ju Yang
Agric. Econ. - Czech, 2023, 69(9):343-357 | DOI: 10.17221/124/2023-AGRICECON
In this study, a global agricultural trade network was constructed, and its topological characteristics from 1991 to 2021 were analysed. The influences of nine variables were empirically tested, including factor endowments and economic, geographical, and institutional factors. The research results show that the scale of trade networks is constantly expanding, and trade relations are becoming increasingly concentrated. Further, global agricultural trade patterns are gradually being reshaped. However, European economies and the United States still dominate the power of network control, with a clear ‘core-edge’ hierarchy. Among the factors...
Predispositions and challenges of agriculture from areas particularly facing natural or other specific constraints in Poland in the context of providing environmental public goods under EU policy
Marek Zieliñski, Jan Jadczyszyn, Jolanta Sobierajewska
Agric. Econ. - Czech, 2023, 69(8):309-320 | DOI: 10.17221/184/2023-AGRICECON
The study’s main objective is to determine the predisposition and challenges of agriculture to provide environmental public goods to society in areas particularly facing natural or other specific constraints (ANCs) established within their current delimitation in Poland. Its organisational features, economic situation, and the degree of interest in measures specifically serving the protection of the natural environment under the Common Agriculture Policy (CAP) EU were indicated. Statistically significant factors determined farmers’ willingness to participate in these measures. It turned out that farms from ANCs communes with particularly...
Analysis of the perception and presence of design in the fruit and vegetable cluster: The case of southeast Spain
Mónica Arroyo-Vázquez, Óscar González-Yebra, Bélgica Pacheco-Blanco, Miguel Ángel Artacho-Ramírez
Agric. Econ. - Czech, 2023, 69(8):321-331 | DOI: 10.17221/169/2023-AGRICECON
Companies must provide economic, environmental and social added value based on innovation strategies, design and creative thinking in a globalised and competitive world characterised by rapid change and constantly evolving technologies. In this context, this paper analyses the role of design practice in companies in the agri-food sector (i.e. what is the design component present like; what are its relevance and importance?) An exploratory, descriptive study was conducted with 30 companies in southeast (SE) Spain’s fruit/vegetable sector. The findings reveal that all the surveyed companies make financial investments in design and positively...
Geopolitical deadlock and phosphate shortfall behind the price hike? Evidence from Moroccan commodity markets
Marek Vochozka, Svatopluk Janek, Lenka ©iráòová
Agric. Econ. - Czech, 2023, 69(8):301-308 | DOI: 10.17221/140/2023-AGRICECON
Phosphate fertilisers rank among limited conventional production aids, requiring eco-unfriendly mining methods. On the other hand, wheat is an indispensable agricultural commodity essential in the food industry. For this reason, it is appropriate to monitor the potential bivariate relationship between these commodities and to follow their future development closely. The article aims to identify a correlation (Kendall’s tau) and causal (Granger causality test) between the price of Moroccan phosphate and wheat, applying vector autoregression (VAR). The results show a medium-to-strong correlation between phosphate and wheat, while causal analysis...
Multi-frequency downside risk interconnectedness between soft agricultural commodities
Dejan ®ivkov, Boris Kuzman, Jonel Subiæ
Agric. Econ. - Czech, 2023, 69(8):332-342 | DOI: 10.17221/125/2023-AGRICECON
In this article, we explore multiscale extreme risk interdependence between four soft agricultural markets – coffee, cocoa, cotton and orange juice. Wavelet correlation and cross-correlation are used to investigate this interlink, and dynamic conditional Value at Risk is used to measure extreme risk. Wavelet correlation results suggest a very weak connection between the markets in the short-term and midterm horizons, which means that investors who operate in the short term or midterm do not have to apply hedging measures against extreme risk. However, the situation is different in the long term, where relatively high correlations are found...
A parametric analysis of eco-efficiency and its determinants: Evidence from Norwegian dairy farms
Habtamu Alem
Agric. Econ. - Czech, 2023, 69(7):284-290 | DOI: 10.17221/149/2023-AGRICECON
This study aims to estimate eco-efficiency scores and identify determinants of Norwegian dairy farms using a parametric approach that accounts for methane emissions. The study incorporates an environmental output measure and draws on 30 years of panel data from 692 specialist dairy farms (1991–2020). The findings indicate that Norwegian dairy farms are inefficient, with room for improvement in the dairy production system and the environment. According to the average eco-efficiency score, conventional dairy farms could cut input use and CH4 emissions by 5% while maintaining output. Furthermore, the study found that land tenure,...
A blockchain-based approach for food surplus management
Gianpaolo Iazzolino, Francesca Guerriero, Luigino Filice, Giorgio Scarpelli
Agric. Econ. - Czech, 2023, 69(7):276-283 | DOI: 10.17221/146/2023-AGRICECON
Food surplus recovery is one of the priorities of modern society. Mass distribution allows one to reserve goods unsuitable for selling for organisations able to distribute them to people in need. This work contributes to this direction by considering a reward programme for donors. A methodology for supporting the cycle of the reallocation of the food surplus to people in need usingblockchain technology to support the traceability of the flows and to allow the exact evaluation of the rewards to be assigned to each retailer is described. A mathematical model is proposed for calculating the reward. An actual application of the methodology is also...