The Wage Impact on the Net Value-Added in the Agricultural Sector

Lukáš Frýd, Veronika Machová, Jakub Horák and Pedro Pardal

Littera Scripta, 2020, vol. 13, issue 1

Abstract: Entrepreneurship in the area of agriculture is subject to various factors, such as nature risks (hydrologic, pests and diseases) or recently notable economic hazards with disastrous consequences for a lot of enterprises. A grave issue is, for example, a vast wage rise to which the agricultural sector fails to respond, thus threatening the existence of these companies. The article aims at analysing the way wages influence the net value-added (NVA) in the agricultural sector of V4 and identifies components with a significant impact on NVA thereof. The data set from 2004-2017 of V4 provides the relevant data, using statistical methods – Maddala-Wu Test, Akaike Information Criterion and Engle and Granger two-step method to detect the relation between the average and minimum wage of NVA. The average wage increase positively influences NVA, as contrasted with minimum wages harming MVA.

Keywords: market value-added (MVA); average and minimum wage; agriculture; performance and productivity of the enterprise (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:rsg:littra:2020-012

DOI: 10.36708/Littera_Scripta2020/1/12

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