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

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

6

Strana od-do

267-272

Název nakladatele

University of South Bohemia in České Budějovice, Faculty of Economics

Místo vydání

České Budějovice

Místo konání akce

České Budějovice

Datum konání akce

5. 11. 2020

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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