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As is known, the investment generates three major effects – capacity, substitution, income. Substitution effect is just currently a dominant factor in the further development of wood processing industry in the Slovak republic (WPI SR). The paper presents the impact of investment on productivity growth, as well as formulation of selected measures for investment and growth in the overall prosperity of the wood processing industry in Slovakia.
In 2004, eight Central and Eastern European countries joined the European Union. Their agriculture was significantly behind the majority of the 15 former EU member countries both from technical and productivity perspectives. In the common market the competitiveness of products and producers is a key factor. One important factor of competitiveness is labour productivity, which can be divided into partial factors such as technical equipment (tools) and the resulting productivity from those tools. The study examines the changes of these two partial productivity factors in Poland and Hungary as well as the countries integrated in 2004. The research question was whether the Central and Eastern European countries were able to shorten the gap behind EU-15 countries. The results indicate that over the course of a decade labour productivity in Hungarian farms increased, however, the pace of farm investments lagged far behind the EU-15 countries, resulting in more efficient capital use. The rate of Polish farm investments in agriculture was higher than that of the EU-15 countries, while the relative disadvantage in labour productivity, as well as in capital productivity did not decrease.
The aim of the article was to specify and analyze the replacement value of farm buildings and the annual and unitary costs of their operation in terms of labor productivity. For comparative analysis of the test objects, these objects were divided into area groups: to 10 ha, from 10.01 to 20.00 ha and above 20 ha of arable land. The scope of research included organic farms located in the mountain region specializing in livestock production.
The accession of Central-Eastern European countries in 2004 and 2007 has placed the agriculture of these countries in the context of new economic policy and market competition. Former research has led to the conclusion that the majority of agricultural producers in the countries of the region are at a significant disadvantage in regards to productivity compared to the farmers of the countries integrated into the EU earlier. The research has examined what – if any – changes have been made during the elapsed period and whether there is any convergence in regard to country groups and different farm size units to the level of farming productivity in field crop farms of more developed countries. The research was based on EU FADN data which provided data until 2009. Figures of five full fiscal years are enough to reveal some tendencies. The research has evaluated the characteristics of changes (with longitudinal analysis) by utilizing the indices of partial efficiency. By using the status attainment theory, an attempt was made to find an explanatory context between the components with income generating capacity for farms and labour productivity. The main conclusion of the research is that the convergence of countries and the varying economic size of farms were differentiated and productivity substantially affected the added value of production potential.
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