IDEAS home Printed from https://ideas.repec.org/a/ags/plecrs/339205.html
   My bibliography  Save this article

Changes In The Performance Of The Agricultural Sector In Hungary Due To The 2008 Economic Crisis And Covid-19 Pandemic

Author

Listed:
  • Lencsés, Enikő
  • Hegedűs, Szilárd
  • Bajkó, Norbert

Abstract

Subject and purpose of work: The paper examines two of the most important sectors of agriculture, crop and livestock production, in a time series analysis. The authors analyzed the number of enterprises, the number of employees, labor costs, turnover, and balance sheet total, and also assessed the evolution of liquidity and profitability in the two sectors, broken down by size. Materials and methods: The results of livestock and crop production were examined separately for the period 2008-2020. The analysis was based on aggregated data from the National Tax and Customs Administration in Hungary. Enterprises with the NACE REV 0140 for animal husbandry and 0110 for crop production were studied. In the research time series analysis and, where possible, trend analysis were performed. Results: In the research, the following indicators were examined using time series analysis in both crop and livestock production: the number of companies, the number of employees, the net sales revenue, the composition of net sales, the development of the balance sheet total, cost structure, labor costs, the quick ratio of liquidity, and the ROA indicator. Conclusions: Agricultural enterprises are most affected by the downward trend during the period under review, with the exception that the animal husbandry sector started to decline earlier than the crop production sector.

Suggested Citation

  • Lencsés, Enikő & Hegedűs, Szilárd & Bajkó, Norbert, 2023. "Changes In The Performance Of The Agricultural Sector In Hungary Due To The 2008 Economic Crisis And Covid-19 Pandemic," Economic and Regional Studies (Studia Ekonomiczne i Regionalne), John Paul II University of Applied Sciences in Biala Podlaska, vol. 16(3), September.
    • Handle: RePEc:ags:plecrs:339205
    DOI: 10.22004/ag.econ.339205
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/339205/files/ers-2023-0023.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.339205?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Friedrich Heinemann & Stefani Weiss, 2018. "The EU Budget and Common Agricultural Policy Beyond 2020: Seven More Years of Money for Nothing?," EconPol Working Paper 17, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    2. Alan Matthews, 2020. "The new CAP must be linked more closely to the UN Sustainable Development Goals," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 8(1), pages 1-4, December.
    3. Kinga Biró & Mária Szalmáné Csete, 2021. "Corporate social responsibility in agribusiness: climate-related empirical findings from Hungary," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(4), pages 5674-5694, April.
    4. Łukaszuk, Krzysztof, 2020. "Agriculture Loans In Cooperative Banks Of The Podlaskie Voivodeship," Economic and Regional Studies (Studia Ekonomiczne i Regionalne), John Paul II University of Applied Sciences in Biala Podlaska, vol. 13(4), December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lencsés Enikő & Bajkó Norbert & Hegedűs Szilárd, 2023. "Changes in the performance of the agricultural sector in Hungary due to the 2008 economic crisis and COVID-19 pandemic," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 16(3), pages 367-383, September.
    2. Kengyel, Ákos, 2022. "Környezeti és költségvetési szempontok szorításában. A renacionalizálás mint az EU közös agrárpolitikájának lehetséges reformiránya [Under environmental and budgetary constraints: renationalisation," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 721-738.
    3. Alessandro Olper & Daniele Valenti & Valentina Raimondi & Daniele Curzi, 2023. "The EU enlargements treatment effect on agricultural policy," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(2), pages 1134-1153, June.
    4. Marzia Ingrassia & Stefania Chironi & Giuseppe Lo Grasso & Luciano Gristina & Nicola Francesca & Simona Bacarella & Pietro Columba & Luca Altamore, 2022. "Is Environmental Sustainability Also “Economically Efficient”? The Case of the “SOStain” Certification for Sicilian Sparkling Wines," Sustainability, MDPI, vol. 14(12), pages 1-26, June.
    5. Elena Yu. Kuznetsova & Olga O. Podolyak & Sergey V. Kuznetsov, 2020. "Sustainable development of enterprises through the industrial policy implementation," Journal of New Economy, Ural State University of Economics, vol. 21(4), pages 131-152, December.
    6. Danuta Zawadzka & Agnieszka Strzelecka & Ewa Szafraniec-Siluta, 2021. "Debt as a Source of Financial Energy of the Farm—What Causes the Use of External Capital in Financing Agricultural Activity? A Model Approach," Energies, MDPI, vol. 14(14), pages 1-17, July.
    7. Kinga Biró & Mária Szalmáné Csete & Bálint Németh, 2021. "Climate-Smart Agriculture: Sleeping Beauty of the Hungarian Agribusiness," Sustainability, MDPI, vol. 13(18), pages 1-15, September.
    8. Sanz-Hernández, Alexia & Jiménez-Caballero, Paula & Zarauz, Irene, 2022. "Gender and women in scientific literature on bioeconomy: A systematic review," Forest Policy and Economics, Elsevier, vol. 141(C).
    9. Elena Feo & Pieter Spanoghe & Els Berckmoes & Elodie Pascal & Rosa Mosquera-Losada & Alexander Opdebeeck & Sylvia Burssens, 2022. "The multi-actor approach in thematic networks for agriculture and forestry innovation," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 10(1), pages 1-24, December.
    10. Laura Ciobanu, 2022. "The Shortcomings Of The Cap 2014 - 2020 From The Environmental And Climate Perspective," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 4-10, April.
    11. Margit Schratzenstaller, 2021. "Stagnierender Mehrjähriger Finanzrahmen trotz zunehmender Herausforderungen," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(2), pages 82-87, February.
    12. Amin Ullah Khan & Yousaf Ali, 2021. "Sustainable supplier selection for the cold supply chain (CSC) in the context of a developing country," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(9), pages 13135-13164, September.
    13. Mangirdas Morkunas, 2022. "Measuring the Level of the Youth Informal Economy in Lithuania in 2004–2020," Economies, MDPI, vol. 10(11), pages 1-13, November.
    14. Ákos Kengyel, 2022. "Would Renationalisation and Co-financing of the Common Agricultural Policy Be Justified?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 57(2), pages 113-119, March.
    15. Kennedy Ndue & Goda Pál, 2022. "Life Cycle Assessment Perspective for Sectoral Adaptation to Climate Change: Environmental Impact Assessment of Pig Production," Land, MDPI, vol. 11(6), pages 1-17, May.
    16. Giulio Malorgio & Francesco Marangon, 2021. "Agricultural business economics: the challenge of sustainability," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 9(1), pages 1-4, December.
    17. Yannis E. Doukas & Luca Salvati & Ioannis Vardopoulos, 2023. "Unraveling the European Agricultural Policy Sustainable Development Trajectory," Land, MDPI, vol. 12(9), pages 1-24, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:plecrs:339205. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: http://www.ers.edu.pl/en .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.