Agricultural Economics, 2015 (vol. 61), issue 12
VOLUME 61, CONTENTSIndex
editors
Agric. Econ. - Czech, 2015, 61(12):I-III | DOI: 10.17221/8591-AGRICECON 
AUTHORS INDEX 61Index
editors
Agric. Econ. - Czech, 2015, 61(12):IV-V | DOI: 10.17221/8592-AGRICECON
LIST OF REWIEVERS, 61Index
editors
Agric. Econ. - Czech, 2015, 61(12):VI | DOI: 10.17221/8593-AGRICECON
Factors determining TFP changes in Czech agricultureOriginal Paper
Lukas CECHURA, Zdenka KROUPOVA, Tamara RUDINSKAYA
Agric. Econ. - Czech, 2015, 61(12):543-551 | DOI: 10.17221/14/2015-AGRICECON
The paper deals with an analysis of the factors determining changes in the total factor productivity (TFP) in Czech agriculture. The study focuses on three important sectors - cereals, dairy and pork - and assesses the period after the accession of the Czech Republic to the EU (2004-2011). Firstly, the multiple output distance function models were estimated. Secondly, the TFP was calculated and decomposed into scale efficiency (SE), management component (MAN), technological change (TCH) and technical efficiency (TE). The results show that the TFP development was significantly determined by the TCH in each sector.
Multiple-regime price transmission between wheat and wheat flour prices in KoreaOriginal Paper
Jung Hun HAN, Byeong-il AHN
Agric. Econ. - Czech, 2015, 61(12):552-563 | DOI: 10.17221/47/2015-AGRICECON
In order to derive the evidence of the asymmetric price transmission, we employed the threshold estimation for the price relationship between the imported wheat and the wheat flour prices. We estimated the exact level of threshold points of the imported wheat price that have different impacts on the Korean wheat flour price. Our empirical estimations proved the main hypothesis of this study, namely, that the impact of input price on output price is stronger at higher levels of the input price. In the sub-sample, which includes data from January 1993 to January 2008, the price transmission effect from the imported wheat to the domestic wheat flour in...
World oil prices and agricultural commodity prices: The evidence from ChinaOriginal Paper
Zhengwei MA, Rui XU, Xiucheng DONG
Agric. Econ. - Czech, 2015, 61(12):564-576 | DOI: 10.17221/6/2015-AGRICECON
It is acknowledged that crude oil prices affect agricultural prices through both direct and indirect transmission schemes (i.e. exchange rate). In China, the matter of energy security may be immediately transmitted to the food security, imposing a pressure to China's macro-economy to a certain extent. This paper examines the long-run and short-run influence caused by the world crude oil prices and the RMB-dollar exchange rate on the five individual agricultural commodity prices (soybean, maize, wheat, colza oil, and japonica rice) in China. In this paper, the Granger causality approach is applied to test the long-run interrelationships with the weekly...
The problem of complexity in economics on the example of the agricultural sectorShort Communication
Aleksander GRZELAK
Agric. Econ. - Czech, 2015, 61(12):577-586 | DOI: 10.17221/236/2014-AGRICECON
The main aim of the article is recognition of the issues of complexity in economics with the particular emphasis on agriculture, as well as indication of resulting implications for this sector. Complexity in economic theory is in general perceived from the perspective of external effects, while the problem may also have other connotations: as the so-called fallacy of composition, or the phenomenon of entropy. The problem of complexity indicates the need for further reflection on the holistic perception of economic processes. This is particularly evident in the case of agriculture, when the evaluation based mainly on microeconomic approach from the...