Agricultural Economics, 2016 (vol. 62), issue 3
Environmental and social value of agriculture innovationShort Communication
Marie KUBANKOVA, Miroslav HAJEK, Alena VOTAVOVA
Agric. Econ. - Czech, 2016, 62(3):101-112 | DOI: 10.17221/58/2015-AGRICECON 
New requirements regarding agriculture production together with the increased pressure on environmentally friendly practices leave almost no space for the routine agriculture production. Innovations that include environmental changes are therefore essential. Agricultural research faces various challenges associated with the quality and effectiveness of agriculture production and recently also with the environmental and sustainability issues. The paper provides a case study focused on the environmental and social evaluation of a biological asset that constitutes an agricultural innovation. This paper also shows a concrete example of how the social and...
Dynamic modelling in loss frequency and severity estimated: Evidence from the agricultural rice loss due to typhoons in TaiwanOriginal Paper
Li-Hua Lai
Agric. Econ. - Czech, 2016, 62(3):113-123 | DOI: 10.17221/10/2015-AGRICECON
The paper first adopt the BDS test to show that the BDS statistics of the time series of typhoons is a chaotic behaviour while the associated rice damage is random. The authors' investigations show that the time series of typhoons and rice damages are described by nonlinear. The result of the assessment shows that the model based on the AR(1)-GARCH(1,1) model is the best performing model in describing the rice loss severity due to typhoons and may have a chaotic behaviour if the variation of parameters is large enough. The best forecasting models in loss frequency with chaotic and severity predictions with random walk are superior to the best forecasting...
Innovative approaches to examining consumer preferences when choosing winesOriginal Paper
Elena HORSKA, Jakub BERCIK, Andrzej KRASNODEBSKI, Renata MATYSIK-PEJAS, Hana BAKAYOVA
Agric. Econ. - Czech, 2016, 62(3):124-133 | DOI: 10.17221/290/2015-AGRICECON
Consumer neuro-science is a new field in marketing, which aims to predict the consumer behaviour and to obtain information about feelings and preferences based on the physiological changes. We can objectively reveal our inexplicable behaviour to which we are not able to answer using a questionnaire in the traditional market research. An accurate measurement enables marketers to compare the response during research, such as the impact moments associated with a particular product or brand, how they react to different marketing stimuli. The paper aims to assess the current possibilities of the interdisciplinary examination of wines as well as to identify...
Framework for assessing the farm relative sustainability: a Lithuanian case studyOriginal Paper
Vlada VITUNSKIENE, Vida DABKIENE
Agric. Econ. - Czech, 2016, 62(3):134-148 | DOI: 10.17221/125/2015-AGRICECON
The aim of the study was to develop an analytical tool to assess the relative sustainability of family farms using the FADN data. This tool was based on the set of 23 indicators that covered three main components of sustainability (economic, environmental and social). The min-max approach was employed to normalise the selected indicators expressed in variety dimensions for their need to be put on a common basis. The factor analysis was used to estimate weights for the selected indicators to construct sub-indices and then the sub-indices were aggregated into the farm relative sustainability index (FRSI). The FRSI and sub-indices ranged from 0 to 1 (scaled...