COVID-19 pandemic and agricultural SMEs of Central Europe: A forecast study to evaluate the performance indicators

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F22%3A63553258" target="_blank" >RIV/70883521:28120/22:63553258 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

COVID-19 pandemic and agricultural SMEs of Central Europe: A forecast study to evaluate the performance indicators

Original language description

COVID-19 is a global pandemic that has tangible effects on the agricultural economy. This study investigated the effects of COVID-19-related events in Central European agriculture, forestry, and fisheries, as well as the future of the economy of agricultural Small and medium-sized enterprises (SMEs). SMEs. The data for agricultural SMEs in Austria, Czechia, Germany, Hungary, Poland, Slovakia, and Switzerland was obtained from the Eurostat database, and the duration of the data was from 2011 to 2021. The number of employees, labour force input, Gross Domestic Product (GDP), wages and salaries, value-added, and agricultural output was the performance metrics considered in this study. Data from this study revealed that agricultural SMEs in Poland, Switzerland, and Germany produced less employment than in the other Central European countries, although Hungary&apos;s labour force input was more affected. During the COVID pandemic, GDP in Hungary and Slovakia dropped significantly. Wages and salaries in Germany and Poland fell, while value-added and agricultural output fell in Germany, Hungary, and Slovakia. Employment in Poland and Germany is expected to fall until 2025, while labour force input in Germany, Poland, and Hungary may drop. Wages and salaries, as well as agricultural output in all of the addressed countries, may rise, while GDP may fall. In conclusion, the COVID-19 pandemic had a detrimental impact on agricultural output, labour force input, employment, GDP, value-added, earnings, and salaries in SMEs of Central European countries. The pandemic regulations and restrictions disrupted the market distribution network, causing a stop in production, transportation, and a scarcity of labour and materials.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2022

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of the 16th International Scientific Conference INPROFORUM - DIGITALIZATION Society and Markets, Business and Public Administration

ISBN

978-80-7394-976-1

ISSN

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e-ISSN

2336-6788

Number of pages

10

Pages from-to

172-181

Publisher name

Jihočeská univerzita v Českých Budějovicích

Place of publication

České Budějovice

Event location

České Budějovice

Event date

Nov 3, 2022

Type of event by nationality

CST - Celostátní akce

UT code for WoS article

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