Mean-variance efficient portfolio analysis is applied to situations where not all assets are perfectly price elastic in demand nor are asset moments known with certainty. Estimation and solution of such a model are based on an agricultural banking example. The distinction and advantages of a...

Price linkages between the Polish and foreign markets of grains and pork were investigated in the paper. The analysis indicates a decrease in price differences between the Polish and the EU markets and their increase between the Polish and the US markets. Causality tests and VAR models indicate...

A central aim of the Regional Policy of the European Union is a regional cohesion. Major instruments are regional policy programs financed via various European funds. The allocation of regional policy funds varies dramatically across regions even when one controls for regional development...

The economic theory links the growth of production factors remuneration with the productivity improvement. In the case of contemporary European agriculture, among the most important income creators are money transfers, namely direct payments. These transfers are part of the agricultural and...

A method of interval estimation of the difference of two means in the case of simultaneous violations of assumptions of normal distribution of variables and homogeneity of their variance is presented in this paper. In literature, the proposed method is described as an adaptive confidence...

European integration created new conditions for functioning of Polish economy. The development of rural areas and agriculture depends to a large extent on the financial support from the national budget and from the EU. This creates a chance to implement a modernisation process in agriculture and...

Relative cross-country price volatility increases business risk and distorts efficient sector-level investment allocation. In order to answer the questions of “if” and “how” market structures affect relative price volatility, and using annual data from 14 manufacturing branches in 27 EU...

Four classification models of economic bankruptcy of farms based on panel data are presented in the article. The modelling techniques are linear discrimination function, pooled probit model, random effects probit model and artificial neural network. They give very similar quality of...

Multi-dimensional statistical analysis of the production and economic results recorded by the agricultural holdings in the EU countries in 2005 is conducted in the paper. Cluster analysis has been used. As a result of grouping five homogeneous clusters of holdings in the EU countries have been...

The aim of the paper was to show some basic information about partial equilibrium models and their use for the agricultural sector modeling. As an example the AGMEMOD model was chosen and described. The pig and the pig meat markets modeling were described with a market projection up to 2020 in...