Agricultural Economics, 2015 (vol. 61), issue 3
The evidence of asymmetric price adjustmentsOriginal Paper
Zuzana LAJDOVÁ, Peter BIELIK
Agric. Econ. - Czech, 2015, 61(3):105-115 | DOI: 10.17221/220/2014-AGRICECON 
The paper provides insights into the price transmission of dairy sector in Slovakia and examined the nature of price adjustments and market efficiency along the vertical chain. The results were based on monthly prices covering the time period 2004-2012. The farm gate prices of raw cow milk Q class and I. class were distinguished and the comparison was made also between the prices of semi-fat milk and durable semi-fat milk. The methodological approach called the Vector Error Correction model (VECM) was applied in the paper due to the fact that the Johansen co-integration test revealed that the time series were co-integrated, meaning that the long run...
Cross-country analysis of efficiency and productivity in the biotech industry: an application of the generalized metafrontier Malmquist productivity indexOriginal Paper
Yung-Hsiang LU, Ku-Hsieh CHEN, Chun-Cheng WU
Agric. Econ. - Czech, 2015, 61(3):116-134 | DOI: 10.17221/75/2014-AGRICECON
The paper provides insights into the price transmission of dairy sector in Slovakia and examined the nature of price adjustments and market efficiency along the vertical chain. The results were based on monthly prices covering the time period 2004-2012. The farm gate prices of raw cow milk Q class and I. class were distinguished and the comparison was made also between the prices of semi-fat milk and durable semi-fat milk. The methodological approach called the Vector Error Correction model (VECM) was applied in the paper due to the fact that the Johansen co-integration test revealed that the time series were co-integrated, meaning that the long run...
The least developed countries - the case of the Congo D.R.Original Paper
Vladimír JENÍČEK, Šárka GRÓFOVÁ
Agric. Econ. - Czech, 2015, 61(3):135-148 | DOI: 10.17221/49/2014-AGRICECON
The article is focused on food problem in the least developed countries, on the chosen areas where the overall situation is the most problematic. It deals with the Democratic Republic of the Congo, belonging to the low income food deficit countries with one of the world's lowest rates of the gross domestic product per capita. The paper defines the food security situation in a global connection, representing a wide complex of economic, social, demographic, technologic and political aspects of production, distribution, shift and consumption of foodstuffs. Despite some progresses in the political situation, the effects of the economic crisis and the widespread...