Agricultural Economics, 2018 (vol. 64), issue 11

Does higher food safety assurance bring higher returns? Evidence from TaiwanOriginal Paper

Wun-Ji JIANG, Yir-Hueih LUH

Agric. Econ. - Czech, 2018, 64(11):477-488 | DOI: 10.17221/154/2017-AGRICECON  

With increasing concern of the food safety issue, consumer's demand for certified food have induced the adoption of organic farming or traceability certification. There is, however, relatively limited research devoted to examining the determinants and economic outcomes of the two food safety assurance certifications. The major intents of this study are to analyse the determinants of the farm household's adoption decisions of the organic and/or traceability certifications, and to investigate the economic consequences of different modes of adoption. It is found that while the log-odds of rice farmers' choice of organic certification over the choice of...

Assessment of the European Common Agricultural Policy and landscape changes: an example from SloveniaOriginal Paper

Marko OGOREVC, Renata SLABE-ERKER

Agric. Econ. - Czech, 2018, 64(11):489-498 | DOI: 10.17221/337/2017-AGRICECON  

The objective of this study was to determine whether and to what extent Common Agricultural Policy (CAP) measures actually succeed in preserving the diversity of agricultural landscapes. This paper assesses the effects of agricultural policy on changes in the diversity of agricultural landscapes in Slovenia. Diversity is measured by the Shannon index and the Simpson index, while the impacts were estimated using a spatial lag model. The results show that direct payments decrease landscape diversity by 2 index points per 1 000 EUR/ha, but agri-environmental payments for reducing negative impacts on the environment and those for nature conservation increase...

Assessing the effect of monetary policy on agricultural growth and food pricesOriginal Paper

Zulfiqar Ali WAGAN, Zhang CHEN, Hakimzadi SEELRO, Muhammad Sanaullah SHAH

Agric. Econ. - Czech, 2018, 64(11):499-507 | DOI: 10.17221/295/2017-AGRICECON  

Agricultural growth is closely associated with sustainable economic development. This is especially true from the perspective of developing countries, such as India and Pakistan, where significant portions of the labour force are dependent on agriculture for their livelihood. This study analysed the impact of macroeconomic policy (i.e. monetary policy) on employment, food inflation, and agricultural growth by analysing to what extent monetary policy is effective in controlling food price inflation, the effect of contractionary monetary policy on the agricultural sector's employment and productivity, and the extent of monetary policy transmission to...

Effects of model specification, short-run, and long-run inefficiency: an empirical analysis of stochastic frontier modelsOriginal Paper

Habtamu ALEM

Agric. Econ. - Czech, 2018, 64(11):508-516 | DOI: 10.17221/341/2017-AGRICECON  

This paper examines the recent advances in stochastic frontier (SF) models and its implications for the performance of Norwegian crop-producing farms. In contrast to the previous studies, we used a cost function in multiple input-output frameworks to estimate both long-run (persistent) and short-run (transient) inefficiency. The empirical analysis is based on unbalanced farm-level panel data for 1991-2013 with 3 885 observations from 455 Norwegian farms specialising in crop production. We estimated seven SF panel data models grouped into four categories regarding the assumptions used to the nature of inefficiency. The estimated cost efficiency scores...

Macroeconomic impacts of global food price shocks on the economy of TurkeyOriginal Paper

Ayhan KAPUSUZOGLU, Xi LIANG, Nildag Basak CEYLAN

Agric. Econ. - Czech, 2018, 64(11):517-525 | DOI: 10.17221/261/2017-AGRICECON  

The purpose of this study is to examine the impact of food prices on the macroeconomic variables of Turkey. The effects are investigated using monthly data for the period January 1980-January 2016. A structural vector autoregressive (SVAR) model is employed for the analysis. Impulse response functions are obtained to assess the impact of food price shocks on the macroeconomic variables of Turkey. To this end, SVAR model is employed as suggested by Cushman and Zha (1997). The impulse responses gathered suggest that the food price causes Turkish Lira (TRY) to appreciate and inflation to increase contemporaneously. This study provides an important contribution...