Output value and productivity of agricultural industry in Central-East Europe

J. Sándor Zsarnóczai and Zoltán Zéman
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J. Sándor Zsarnóczai: Institute of Finance and Accountancy, Faculty of Economic and Social Sciences, Szent István University, Gödöllő, Hungary
Zoltán Zéman: Institute of Finance and Accountancy, Faculty of Economic and Social Sciences, Szent István University, Gödöllő, Hungary

Agricultural Economics, 2019, vol. 65, issue 4, 185-193

Abstract: The study analyses the correlations among different economies of selected EU-12 member states based on comparison of agricultural economics variances, namely the output value of the agricultural industry, productivity of input, agricultural gross value added, subsidies on production, agricultural labour input and agricultural income per annual working unit in the period of 2010-2016, based on the Special Program for Social Sciences, as statistical methods. The EU-12 achieved a higher increase in productivity of input, output value of agricultural industry, agricultural gross valued added, as well as agricultural income per agricultural annual working unit compared to the average results of EU-28 for 2010-2016. The output value of agricultural industry and agricultural gross value added per intermediate consumption decreased by 1.35% and by 3.3%, but the factor income - net value added at factor cost - per annual working unit increased by 21%, because of the subsidies on production increased by 3.4% for 2010-2016. In EU-28, the factor income per annual working unit increased, but most of this income was for developing agricultural production technology.

Keywords: annual working unit; gross value added; intermediate consumption; labour input; subsidies (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnlage:v:65:y:2019:i:4:id:128-2018-agricecon

DOI: 10.17221/128/2018-AGRICECON

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