Agricultural Economics, 2013 (vol. 59), issue 9
The endogeneity of optimum currency area criteria in the context of financial crisis: Evidence from the time-frequency domain analysisOriginal Paper
Svatopluk KAPOUNEK, Jitka POMĚNKOVÁ
Agric. Econ. - Czech, 2013, 59(9):389-395 | DOI: 10.17221/9/2013-AGRICECON 
We provide the wavelet analysis of the economic cycle synchronization during the recent financial crisis. However, the global financial crisis caused economic cycles in most European countries to become more strongly synchronized without increasing of the real convergence process. Our contribution is an application of the singular value decomposition to identify and remove the long-term trend including outliers appearing in the year 2007-2010. We found that the historically greater integration provides more highly synchronized cycles in the core Euro area member countries.
Evaluation of the agrarian businesses results according to their legal formOriginal Paper
Peter ADAMI©IN, Rastislav KOTULIČ
Agric. Econ. - Czech, 2013, 59(9):396-402 | DOI: 10.17221/21/2013-AGRICECON
The entry into the new market environment after 1990 marked the beginning of complicated structural, economic and social changes for agricultural companies that brought a measurable improvement in only few aspects of the technical performance and competitiveness. New forms of enterprise were created, the number of subjects increased and their average concentration decreased. Based on the analysis, it is claimed that in the majority of selected economic indicators, there was a significant difference in the reached parameters among the groups of the analyse subjects using land, differentiated according to their legal status. Based on the results of testing,...
Fiscal decentralization, local government competition and farmland conversion in China: the co-integration analysis and the GMM estimation based on the inter-provincial panel dataOriginal Paper
Xu HENGZHOU, Yin HONGCHUN, Guo YUYAN
Agric. Econ. - Czech, 2013, 59(9):420-429 | DOI: 10.17221/6/2013-AGRICECON
Based on the Chinese provincial panel data from 1995 to 2008, using the panel co-integration method, this paper presents an empirical study on the long-term equilibrium relationship between the fiscal decentralization, the local government competition and the farmland conversion. On this basis, establishing the dynamic panel data model, using the generalized method of moments (GMM) to analyze the dynamic impact of the fiscal decentralization and the local government competition on the farmland conversion from the view of three cross-regional groups and the mainland China. The results show that there is a long-run co-integration relationship between...
Open characters of innovation management in the Hungarian wine industryOriginal Paper
Áron TÖRÖK, József TÓTH
Agric. Econ. - Czech, 2013, 59(9):430-438 | DOI: 10.17221/24/2013-AGRICECON
The paper examines the relationship between the use of specific knowledge and economic success among Hungarian grape growers and wine makers. In the last decade, Hungary has been left behind by world trends as represented by the increasing share of the premium and super-premium wines (which utilise higher knowledge) in the export development. According to our survey, one cause of this might be the inappropriate use and management of knowledge and skills which is 'conditio sine qua non' for wine making. The Hungarian wine regions (usually with resource-based, fordist type resource endowment) are rather knowledge users. We have found (based...