Capital labour ratio in agriculture in the context of business cycle in V4 countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F20%3A43901868" target="_blank" >RIV/60076658:12510/20:43901868 - isvavai.cz</a>
Result on the web
<a href="http://ocs.ef.jcu.cz/files/site/INPROFORUM%202020_ConferenceProceeding.pdf" target="_blank" >http://ocs.ef.jcu.cz/files/site/INPROFORUM%202020_ConferenceProceeding.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Capital labour ratio in agriculture in the context of business cycle in V4 countries
Original language description
Capital initially plays a very important role not only in the industry but also in agriculture. Agricultural enterprises are striving to increase the efficiency of labour used by growing capital intensity. The aim of the paper is to assess the dynamics of capital-labour ratio in agriculture in the context of cyclical development of economies of V4 countries. The share of value added in agriculture in the economy of V4 countries has been declining for a long time, with the exception of Slovakia. The impact of the real economic cycle on value added in agriculture was not significant. Using ANOVA analysis, it was found that the growth of capital intensity in the V4 countries is very similar and does not differ significantly. The differences in the development of capital intensity in agriculture were found at different stages of the business cycle. The reason is the different response of wages and investments. The wages growth significantly outweighs the growth of investments in fixed assets in agriculture in the expansion phase of the business cycle especially in the Czech Republic and Slovakia.
Czech name
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Czech description
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Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 14th International Scientific Conference INPROFORUM: Business Cycles – more than Economic Phenomena
ISBN
978-80-7394-824-5
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
267-272
Publisher name
University of South Bohemia in České Budějovice, Faculty of Economics
Place of publication
České Budějovice
Event location
České Budějovice
Event date
Nov 5, 2020
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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