IDEAS home Printed from https://ideas.repec.org/a/caa/jnlage/v61y2015i8id238-2014-agricecon.html
   My bibliography  Save this article

Age of machinery and equipment in the Czech agriculture

Author

Listed:
  • Igor KREJČÍ

    (Department of Systems Engineering, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic)

  • Petr MAZOUCH

    (Department of Economic Statistics, Faculty of Informatics and Statistics, University of Economics, Prague, Czech Republic)

  • Kristýna VLTAVSKÁ

    (Department of Economic Statistics, Faculty of Informatics and Statistics, University of Economics, Prague, Czech Republic)

  • Roman KVASNIČKA

    (Department of Systems Engineering, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic)

Abstract

The paper deals with the estimation and analysis of the average age and the age structure of machinery and equipment in agriculture. The development of the average age of machinery and equipment could be used as an indicator of the modernisation process and the picture of investment support in the industry. For the purposes of the analysis, the official model of the perpetual inventory method is transformed into the Markov chain model. The analysis shows significant differences in the institutional sectors. The average age of machinery and the age distribution depicts the situation in agriculture and it indicates the lower competitiveness of small farmers. The paper contains the prognosis of development of the average age of machinery and equipment in the case of permanent investment on the level of the current year. The international comparison shows that the average age of machinery and equipment in the Czech Republic is close to the level of developed countries. However, the estimated development shows a decreasing average age of the machinery and equipment.

Suggested Citation

  • Igor KREJČÍ & Petr MAZOUCH & Kristýna VLTAVSKÁ & Roman KVASNIČKA, 2015. "Age of machinery and equipment in the Czech agriculture," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(8), pages 356-366.
    • Handle: RePEc:caa:jnlage:v:61:y:2015:i:8:id:238-2014-agricecon
    DOI: 10.17221/238/2014-AGRICECON
    as

    Download full text from publisher

    File URL: http://agricecon.agriculturejournals.cz/doi/10.17221/238/2014-AGRICECON.html
    Download Restriction: free of charge
    File URL: http://agricecon.agriculturejournals.cz/doi/10.17221/238/2014-AGRICECON.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.17221/238/2014-AGRICECON?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
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Ariél Pakes & Zvi Griliches, 1984. "Estimating Distributed Lags in Short Panels with an Application to the Specification of Depreciation Patterns and Capital Stock Constructs," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(2), pages 243-262.
    2. Hulten, Charles R & Wykoff, Frank C, 1996. "Issues in the Measurement of Economic Depreciation: Introductory Remarks," Economic Inquiry, Western Economic Association International, vol. 34(1), pages 10-23, January.
    3. van der Duyn Schouten, F. A. & Vanneste, S. G., 1990. "Analysis and computation of (n, N)-strategies for maintenance of a two-component system," European Journal of Operational Research, Elsevier, vol. 48(2), pages 260-274, September.
    4. Matthews, R. C. O. & Feinstein, C. H. & Odling-Smee, J., 1982. "British Economic Growth 1856-1973: The Post-War Period in Historical Perspective," OUP Catalogue, Oxford University Press, number 9780198284536.
    5. W. Erwin Diewert, 2005. "Issues in the Measurement of Capital Services, Depreciation, Asset Price Changes, and Interest Rates," NBER Chapters, in: Measuring Capital in the New Economy, pages 479-556, National Bureau of Economic Research, Inc.
    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. Mazouch, P. & Krejčí, I., 2016. "The Analysis of the Age Structure of Regional Fixed Capital in the Agriculture," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 8(2), pages 1-13, June.
    2. Igor Krejčí & Jaroslav Sixta, 2012. "Využití alternativních metod při odhadech stavů a spotřeby fixního kapitálu [Alternative Methods for Measuring of Fixed Capital]," Politická ekonomie, Prague University of Economics and Business, vol. 2012(6), pages 780-800.
    3. Jakub Fischer & Kristýna Vltavská & Igor Krejčí, 2013. "The Impact of Revisions of National Accounts on the Estimation of Derived Indicator [Dopad revizí v národních účtech na odhady odvozeného indikátoru]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2013(4), pages 20-33.
    4. Jennifer Bennett & Robert Kornfeld & Daniel Sichel & David Wasshausen, 2020. "Measuring Infrastructure in BEA's National Economic Accounts," NBER Chapters, in: Economic Analysis and Infrastructure Investment, pages 39-100, National Bureau of Economic Research, Inc.
    5. Gabriela KOLACKOVA & Igor KREJCI & Ivana TICHA, 2017. "Dynamics of the small farmers' behaviour - scenario simulations," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(3), pages 103-120.
    6. W. Erwin Diewert & Alice O. Nakamura, 2009. "Accounting for housing in a CPI," Working Papers 09-4, Federal Reserve Bank of Philadelphia.
    7. Karl Whelan, 2002. "Computers, Obsolescence, And Productivity," The Review of Economics and Statistics, MIT Press, vol. 84(3), pages 445-461, August.
    8. De, Supriyo, 2014. "Intangible capital and growth in the ‘new economy’: Implications of a multi-sector endogenous growth model," Structural Change and Economic Dynamics, Elsevier, vol. 28(C), pages 25-42.
    9. Juan Carlos Conesa & Pau S. Pujolas, 2019. "The Canadian productivity stagnation, 20022014," Canadian Journal of Economics, Canadian Economics Association, vol. 52(2), pages 561-583, May.
    10. Alan Sage & Mike Langen & Alex van de Minne, 2023. "Where is the opportunity in opportunity zones?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 51(2), pages 338-371, March.
    11. Li, Xiaoying & Tan, Ying, 2020. "University R&D activities and firm innovations," Finance Research Letters, Elsevier, vol. 37(C).
    12. Giovanni Bonifati, 2002. "Produzione, investimenti e produttivitˆ. Rendimenti crescenti e cambiamento strutturale nellÕindustria manifatturiera americana (1960-1994)," Moneta e Credito, Economia civile, vol. 55(217), pages 19-54.
    13. Dirk Czarnitzki & Julie Delanote, 2015. "R&D policies for young SMEs: input and output effects," Small Business Economics, Springer, vol. 45(3), pages 465-485, October.
    14. Rommert Dekker & Eric Smeitink, 1994. "Preventive maintenance at opportunities of restricted duration," Naval Research Logistics (NRL), John Wiley & Sons, vol. 41(3), pages 335-353, April.
    15. Oleg Badunenko & Diego Romero‐Ávila, 2013. "Financial Development And The Sources Of Growth And Convergence," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(2), pages 629-663, May.
    16. Tybout, James R., 1991. "Researching the trade - productivity link : new directions," Policy Research Working Paper Series 638, The World Bank.
    17. Auerbach, Alan J., 1984. "Taxes, firm financial policy and the cost of capital: An empirical analysis," Journal of Public Economics, Elsevier, vol. 23(1-2), pages 27-57.
    18. Erwin Diewert & Chihiro Shimizu, 2017. "Alternative Approaches to Commercial Property Price Indexes for Tokyo," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63(3), pages 492-519, September.
    19. Gilsing, Victor & Nooteboom, Bart & Vanhaverbeke, Wim & Duysters, Geert & van den Oord, Ad, 2008. "Network embeddedness and the exploration of novel technologies: Technological distance, betweenness centrality and density," Research Policy, Elsevier, vol. 37(10), pages 1717-1731, December.
    20. Ana Rincon-Aznar & Rebecca Riley & Garry Young, 2017. "Academic Review of Asset Lives in the UK," National Institute of Economic and Social Research (NIESR) Discussion Papers 474, National Institute of Economic and Social Research.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:caa:jnlage:v:61:y:2015:i:8:id:238-2014-agricecon. 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: Ivo Andrle (email available below). General contact details of provider: https://www.cazv.cz/en/home/ .

    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.