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Sold Commercial Production and Its Financial Security in Polish Agriculture

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  • Jan Zwolak

Abstract

The hypothesis that sold commercial production was most elastic with respect to the Single Area Payment Scheme (SAPS) in Polish agriculture in 2011–2013 (1.074) has been confirmed.This research was based on the Cobb-Douglas power model with one dependent variable, applied in order to identify the regression dependence for commercial production sold under the SAPS (direct payment) and for a separate payment for fruit, vegetables and sugar (indirect payment) in Polish agriculture in 2011–2013. The models were used to calculate marginal and average productivity as a measure of the effectiveness of financial security in the sector. The correlation of sold commercial production with direct/indirect payment(s) in terms of the financial security under discussion was also examined. It was determined that direct payments remain within the irrational management zone, while indirect payments are within the rational management zone.

Suggested Citation

  • Jan Zwolak, 2018. "Sold Commercial Production and Its Financial Security in Polish Agriculture," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 141-151.
    • Handle: RePEc:bas:econst:y:2018:i:1:p:141-151
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    More about this item

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

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