Return to search

Significance of Institutional Environment for Agricultural Production / Význam institucionálního prostředí pro zemědělskou výrobu

The paper examines significance of institutional environment for agricultural production. It adds to the extensive research of agricultural production functions. First, it reviews relevant theory of institutional economics that explains how institutions contribute to productivity in general, especially if interpreted as economic freedom. Then, a model of agricultural production is presented, which explains aggregate agricultural production using various inputs, as well as variables representing institutional environment. Results concerning elasticities of material inputs (land, labor, capital) are consistent with previous research. The paper proves some significance of institutional variables. Finally, it suggests some directions for further research.

Identiferoai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:10804
Date January 2009
CreatorsMinárik, Pavol
ContributorsŠíma, Josef, Chalupníček, Pavel
PublisherVysoká škola ekonomická v Praze
Source SetsCzech ETDs
LanguageEnglish
Detected LanguageEnglish
Typeinfo:eu-repo/semantics/masterThesis
Rightsinfo:eu-repo/semantics/restrictedAccess

Page generated in 0.0019 seconds