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This paper investigates the flexibility of the Polish farming sector during a transition period. Flexibility is considered to be a farm’s ability to change output by sustaining average costs. We argue that flexibility is a crucial factor in farmers’ competitive advantage, especially under...
Persistent link: https://www.econbiz.de/10004998936
During recent years, the number of farms able to generate satisfactory income from agricultural production has continuously decreased in advanced economies. The main reasons are the implementation of the Common Agricultural Policy of 1992 and the increasing capitalization of the primary sector....
Persistent link: https://www.econbiz.de/10004998960
Agricultural enterprises in transitioncountries face dynamic changes in the prevailingeconomic, legal and political conditions. The success ofan enterprise depends on its ability to adjust its farmingsystem in response to these changing conditions. To meetthis challenge, flexible and adaptable...
Persistent link: https://www.econbiz.de/10009445718
During recent years, the number of farms able to generate satisfactory income fromagricultural production has continuously decreased in advanced economies. The mainreasons are the implementation of the Common Agricultural Policy of 1992 and theincreasing capitalization of the primary sector. The...
Persistent link: https://www.econbiz.de/10009446379
Based on farm panel data we empirically investigate the determinants of Polish farm households’ flexibility from 1994 to 2001. We focus on scale flexibility (adjustment in production volume) and scope flexibility (adjustment in product mix). The findings of our fixed-effects regression provide...
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