Agricultural Economics, 2023 (vol. 69), issue 12
Index of contents volume 69
Editorial Department
Agric. Econ. - Czech, 2023, 69(12):I-III 
Index of authors volume 69
Editorial Department
Agric. Econ. - Czech, 2023, 69(12):IV-V
Are futures markets functioning well for agricultural perishables? Evidence from China’s apple futures marketOriginal Paper
Qianqian Mao, Jens-Peter Loy, Thomas Glauben, Yanjun Ren
Agric. Econ. - Czech, 2023, 69(12):471-484 | DOI: 10.17221/278/2023-AGRICECON
Emerging economies often establish commodity futures markets to discover price signals, manage price risks and improve market integration, but establishing a futures market may not be feasible for agricultural perishables. In this study, we evaluated the function of the world’s first fresh fruit futures contract for apples. Combining partial cointegration with state-space modelling, we derived time-varying price discovery metrics for the apple futures market. Our findings revealed a limited and time-varying dominance of price discovery by the futures market, while a substantial share of price discovery occurred in the spot market. Moreover,...
Trust evolution, institutional constraints, and land trusteeship decisions among Chinese farmersOriginal Paper
Qi Li, Menghui Gao
Agric. Econ. - Czech, 2023, 69(12):485-497 | DOI: 10.17221/232/2023-AGRICECON
Land trusteeship involves farmers entrusting the farming and managing of their land to trustees, who manage the land on their behalf in exchange for a commission fee. Land trusteeship has been an important approach to bridging the gap between smallholder farmers and modern agriculture in China. Because of the information asymmetry in land trusteeship, farmers have higher uncertainty and perceived risk, so social trust and institutional constraints are particularly important in promoting farmers’ participation in trusteeship. The objective of this study was to examine the impact of trust evolution and institutional constraints on smallholder...
A constant market share analysis of the competitiveness of the Czech Republic’s agrifood exports (2002–2020) to the European UnionOriginal Paper
Ivo Zdráhal, Francois Stefanus Lategan, Melissa van der Merwe
Agric. Econ. - Czech, 2023, 69(12):498-509 | DOI: 10.17221/248/2023-AGRICECON
We conducted a quantitative ex post analysis of the competitiveness of the Czech Republic’s agrifood exports to other European Union (EU) Member States between 2002 and 2020, using the constant market share (CMS) methodology. The application of this methodology to Czech agrifood exports is novel, as it allows for analysing the export competitiveness variation and its components. Although the findings are consistent with those of previous studies in which the investigators used alternative methodological approaches, we make three contributions to the existing literature. Firstly, the Czech Republic experienced an overall increase in its competitiveness...
Price transmission between maize and poultry product markets in the Visegrád Group countries: What is more nonlinear, egg or chicken?Original Paper
Sergei Kharin, Zuzana Kapustova, Ivan Lichner
Agric. Econ. - Czech, 2023, 69(12):510-522 | DOI: 10.17221/320/2023-AGRICECON
In this article, we present applied research in the field of price transmission modelling with the generalised additive model. In line with recent studies on nonlinear time series models for price transmission, we introduce a nonparametric technique of generalised additive modelling to provide evidence of nonlinear patterns in price linkages and compare the degree of nonlinearity in price transmission between feed maize and poultry product markets in the Visegrád Group countries. The results of our empirical approach contribute to knowledge about market competitiveness in the Visegrád Group countries and provide information to policymakers.