Problems of Allocation of Production Factors in Enterprises Working the Soil: Application of Cobb-Douglas Production Function
Abstract
Agriculture is an important industry that is often pursued by government and that is often the subject of many international disputes. Given the importance of this sector it is necessary to measure its performance. The aim of this paper is to evaluate the effectiveness of production inputs in the selected entities working on the land using the production analysis. The presented and very specialized issue fills a gap in the field of research for the period around the turn of the second millennium. This period was specific mainly for transformation and integration processes related with the accession of the Slovak Republic to the European Union. We assume that the transformation process of the Slovak economy from a centrally planned to a market economy was not finished during the monitoring period and left its marks in the form of inefficient allocation of productive resources in the agricultural production.
References
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[2] Adamisin P., Kotulic, R., Kravcakova Vozarova, I. and Vavrek, R. 2015. Natural climatic conditions as a determinant of productivity and economic efficiency of agricultural entities. Agricultural Economics - Czech. 61: 265-274. DOI: https://doi.org/10.17221/153/2014-AGRICECON
[3] Adamisin, P. and Kotulic, R. 2013. Evaluation of the agrarian businesses results according to their legal form. Agricultural Economics – Czech, 59(9):396-402. DOI: https://doi.org/10.17221/21/2013-AGRICECON
[4] Adamisin, P. and Vavrek, R. 2015. Analysis of the links between selected socio-economic indicators and waste management at the regional level in the Slovak republic. 5th Central European conference in regional science: conference proceedings. 1-9.
[5] Aktymbayeva, A., Nuruly, Y., Aktymbayeva, B. and Aizholova, G. 2017. Analysis of the Development of Modern Agritourism Types in West Kazakhstan Oblast. Journal of Environmental Management and Tourism. 8(4): 902-910. DOI: https://doi.org/10.14505//jemt.v8.4(20).20
[6] Bachev, H. and Terziev, D. 2017. Environmental Sustainability of Agricultural Farms in Bulgaria. Journal of Environmental Management and Tourism, 8(5): 968-994. DOI: https://doi.org/10.14505//jemt.v8.5(21).02
[7] Bartokova, L. 2017. Input-Output Analysis of Agriculture and Food Sectors in V4 Countries. Journal of Environmental Management and Tourism, 8(5): 1009-1019. DOI: https://doi.org/10.14505//jemt.v8.5(21).05
[8] Boshrabadi, H. M., Villano, R., and Fleming, E. 2008. Technical efficiency and environmental-technological gaps in wheat production in Kerman province of Iran. Agricultural Economics – Czech, 38: 67–76. DOI: https://doi.org/10.1111/j.1574-0862.2007.00282.x
[9] Cechura, L. 2010. Estimation of technical efficiency in Czech agriculture with respect to firm heterogeneity. Agricultural Economics – Czech, 56:183-191. DOI: https://doi.org/10.17221/23/2010-AGRICECON
[10] Charnes, A., Cooper, W.W. and Rhodes, E. 1978. Measuring the efficiency of decision making units. European Journal of Operational Research, 2: 429-444.
[11] Covaci, S. and Sojkova, Z. 2006. Investigation of wheat efficiency and productivity development in Slovakia. Agricultural Economics – Czech, 52: 368-378. DOI: https://doi.org/10.17221/5037-AGRICECON
[12] Dauzova, A. M. 2016. Scientific-Theoretical Aspects of the Efficient Development of Land Relations in the Agrarian Sector of Economy. Journal of Environmental Management and Tourism, 7(3): 416-428.
[13] Debreu, G. 1951. The coefficient of resource utilization. Econom, 19: 273-292.
[14] Farrell, M. 1957. The measurement of productive efficiency. Journal of the Royal Statistical Society, 120: 253-281.
[15] Fazekasova, D, Angelovicova, L., Semancova, P. and Torma, S. 2014. Development of biophysical indicators in conditions of sustainable land use. Conference proceedings, volume II: 14th International Multidisciplinary Scientific GeoConference Surveying Geology and Mining Ecology Management. 67-74.
[16] Glotko, A. V., Sycheva, I. N. Permyakova, E. S., Danilchik T. L., and Usenko, V. D. 2017. Prospects of Production of Ecologically Clean Agricultural Products in the Transboundary Territories of the Great Altai. Journal of Environmental Management and Tourism, 8(7): 1361-1372. DOI: https://doi.org/10.14505//jemt.v8.7(23).05
[17] Huttmanova, E., Adamisin, P., Hronec, O., and Chovancova, J. 2015. Possibilities of Soil Revitalization in Slovakia towards Sustainability. European Journal of Sustainable Development, 4: 121-128. DOI: http://dx.doi.org/10.14207/ejsd.2015.v4n2p121
[18] Koopmans, T. C. 1951. Activity analysis of production and allocation. John Wiley & Sons.
[19] Kotulic, R. and Pavelkova, J. 2014. The application of the Cobb-Douglas production function in analyzing the effectiveness of productive resources in agricultural enterprises of primary production. Journal of Central European Agriculture, 15: 284-301. DOI: https://doi.org/10.5513/jcea.v15i3.2745
[20] Kotulic, R., Pavelkova, J., Kravcakova Vozarova, I. and Vavrek, R. 2014. Managerial view on the production analysis in agriculture – the application of the Cobb-Douglas production function. Conference proceedings, volume IV: International Multidisciplinary Scientific Conferences on Social sciences and Arts SGEM. 459-466.
[21] Kotulic, R. 2006. Economic analysis of subjects working on the land according to the regional differentiation of Slovakia. University of Presov.
[22] Lazikova, J., Rumanovska, L., Takac, I. and Lazikova, Z. 2017. Land fragmentation and efforts to prevent it in Slovak legislation. Agricultural Economics – Czech, 53: 559-568. DOI: https://doi.org/10.17221/180/2016-AGRICECON
[23] Matejkova, E., Qineti, A. and Serences, R. 2008. Macroeconomic aspects of the development of Slovak regions in the post-accession period. Agricultural Economics – Czech, 54: 367-375. DOI: https://doi.org/10.17221/296-AGRICECON
[24] Mura, L., Buleca, J., Hajduova, Z. and Andrejkovic, M. 2015. Quantitative Financial Analysis of Small and Medium Food Enterprises in a Developing Country. Transformation in Business & Economics, 14(1): 212-224.
[25] Naqvi, S. A. A. and Ashfaq, M. 2014. Estimation of technical efficiency and it’s determinants in the hybrid maize production in district Chiniot: a Cobb-Douglas model approach. Pakistan Journal of Agricultural Sciences, 51:181-185.
[26] Nerlove, M. 1965. Estimation and identification of Cobb–Douglas production functions. Rand McNally & Company.
[27] Nowak, A., Kijek, T., and Domanska, K. 2015. Technical efficiency and its determinants in the European Union agriculture. Agricultural Economics – Czech, 61: 275-283. DOI: https://doi.org/10.17221/200/2014-AGRICECON
[28] Stefko, R., Slusarczyk, B., Kot, S., and Kolmasiak, C. 2012. Transformation on steel products distribution in Poland and Slovakia. Metalurgija, 51: 133-136.
[29] Torma, S., Vilcek, J., Adamisin, P., Huttmanova, E. and Hronec, O. 2014. Influence of natural zeolite on nitrogen dynamics in soil. Turkish Journal of Agriculture and Forestry, 38: 739-744. DOI: 10.3906/tar-1311-13
[30] Zgajnar, J. and Kavcic, S. 2016. Optimal allocation of production resources under uncertainty: Application of the multicriteria approach. Agricultural Economics – Czech, 62: 556-565. DOI: https://doi.org/10.17221/238/2015-AGRICECON
Published
2018-12-28
How to Cite
KOTULIC, Rastislav et al.
Problems of Allocation of Production Factors in Enterprises Working the Soil: Application of Cobb-Douglas Production Function.
Journal of Environmental Management and Tourism, [S.l.], v. 9, n. 5, p. 916-925, dec. 2018.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/2578>. Date accessed: 27 dec. 2024.
doi: https://doi.org/10.14505//jemt.v9.5(29).03.
Section
Article
Copyright© 2024 The Author(s). Published by ASERS Publishing 2024. This is an open access article distributed under the terms of CC-BY 4.0 license.