Agricultural Economics, 2022 (vol. 68), issue 1
Productivity and efficiency in Czech agriculture: Does farm size matter?Original Paper
Lukáš Čechura, Zdeňka Žáková Kroupová, Michaela Lekešová
Agric. Econ. - Czech, 2022, 68(1):1-10 | DOI: 10.17221/384/2021-AGRICECON 
This paper deals with the sources of total factor productivity (TFP), namely technical efficiency, scale efficiency, and technological change, considering the size of agricultural producers and using balanced panel data in the period 2014-2018 drawn from the Farm Accountancy Data Network (FADN) database for three sectors of Czech agriculture - cereals, milk, and beef. The investigation is based on the stochastic frontier (SF) modelling of an input distance function (IDF) with four error components (heterogeneity, statistical noise, persistent and transient inefficiency). The sector-specific models are estimated by a four-step estimating procedure with...
The economic effects of export restrictions imposed by major grain producersOriginal Paper
Liangliang Zhai, Shilin Yuan, Yujing Feng
Agric. Econ. - Czech, 2022, 68(1):11-19 | DOI: 10.17221/329/2021-AGRICECON
This paper uses the global trade analysis project (GTAP) to evaluate the impact of grain export restrictions on world food security during the COVID-19 epidemic. The study found that export restrictions distort world market prices, which in turn distort consumption and production, harm the interests of consumers and farmers in some countries, and threaten food security. In this regard, maintaining the convenience of the food trade is the wise choice of all countries. It is necessary to tighten the World Trade Organization (WTO) disciplines related to export restrictions, strengthen global food security governance and jointly build a community with...
Dynamic panel model in bioeconomy modelingOriginal Paper
Jakub Piecuch, Joanna Szarek
Agric. Econ. - Czech, 2022, 68(1):20-27 | DOI: 10.17221/156/2021-AGRICECON
Currently, technological development is driven by the search for solutions to prevent climate change and environmental degradation, increase energy efficiency, and meet societal needs in relation to avoiding conflict while navigating the implementation of current and future needs. Many of the solutions come from the rapid development of the bioeconomy. The aim of this article is to determine the impact of bioeconomy variables on economic growth in 27 EU countries. The research goal of the paper is based on the estimation of dynamic panel models using the generalized method of moments (GMM). The following set of variables used in the dynamic panel model...
An analysis of factors affecting the profits of new firms in Spain: Evidence from the food industryOriginal Paper
Yehui Tong, Ramon Saladrigues
Agric. Econ. - Czech, 2022, 68(1):28-38 | DOI: 10.17221/235/2021-AGRICECON
Using the logistic model, this article investigates the influence of financial factors on gaining profits for new firms in the Spanish food industry. Specifically, the firms founded separately during the crisis period and during the postcrisis period are observed for their first three years. The findings suggest that indebtedness (for both periods), previous profitability (for the postcrisis period) and accounts payable (for the crisis period) were most frequently statistically significant in the logistic model. Hence, for new firms, controlling debt burden, accumulating internally generated funds and using payables to establish business relationships...