Influence of production change on return to scale

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F11%3A43882494" target="_blank" >RIV/60076658:12510/11:43882494 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Influence of production change on return to scale
Original language description
The paper deals with an assessment of cost efficiency of farms in 2006 - 2009 based on a database of sample of farms classified according to the cost to revenue ratio. The analysis of the sample of 101 farms revealed that the return to scale effect is not significant compared to other effects so that real increase of the production volume may not determine the dynamic of the profit. The massive shift of farms with increasing cost efficiency to the category of decreased cost efficiency reflects a significant influence of inner conditions to the profit/loss of farms. A positive development of prices in 2007 has influenced an increased cost efficiency of the majority of sample farms. In 2008, increased prices of agricultural inputs intensively influencedthe development of the yield function. The increase of variable costs influenced by increased input prices has wasted reserves resulted form production use of fixed costs and return to scale and caused a significant decreased of profit.
Czech name
—
Czech description
—

Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
GA - Agricultural economics
OECD FORD branch
—

Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Similar results(10)