THE EFFECTIVENESS OF SUBSTITUTING CAPITAL STREAM FOR HUMAN LABOURIN COMMERCIAL FARMS WITH DIFFERENT PRODUCTION POTENTIAL
The paper aimed to evaluate the effectiveness of substituting a stream of capital for human labour in commodityfarms in Poland depending on their production potential. The studies were based on unit data from the monitoringof the Polish FADN from 2016, using the Cobb-Douglas agricultural production...
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| Format: | Article |
| Language: | English |
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Polish Association of Agricultural and Agribusiness Economists
2018-06-01
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| Series: | Annals of the Polish Association of Agricultural and Agribusiness Economists |
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| Online Access: | http://rnseria.com/gicid/01.3001.0012.1504 |
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| author | Dionizy Niezgoda Anna Nowak Ewa Wójcik |
| author_facet | Dionizy Niezgoda Anna Nowak Ewa Wójcik |
| author_sort | Dionizy Niezgoda |
| collection | DOAJ |
| description | The paper aimed to evaluate the effectiveness of substituting a stream of capital for human labour in commodityfarms in Poland depending on their production potential. The studies were based on unit data from the monitoringof the Polish FADN from 2016, using the Cobb-Douglas agricultural production function method. Using therelationship between agricultural farm production and production factors (workload, cropland area and streamof capital) as the basis for determining isoquant equations and marginal rates of substitution, the effectivenessof substitution was evaluated for two groups of farms: classified as small and medium large farms in terms ofeconomic size. The most effective factor affecting production on the farms was capital. Studies showed that in bothanalyzed groups of farms substituting capital for human labour was advantageous. However, substitution turnedout more profitable in the group of small farms in comparison to farms having a higher production potential. |
| format | Article |
| id | doaj-art-e7a366cf8e034dda9a4f191a4c781a44 |
| institution | OA Journals |
| issn | 2657-781X 2657-7828 |
| language | English |
| publishDate | 2018-06-01 |
| publisher | Polish Association of Agricultural and Agribusiness Economists |
| record_format | Article |
| series | Annals of the Polish Association of Agricultural and Agribusiness Economists |
| spelling | doaj-art-e7a366cf8e034dda9a4f191a4c781a442025-08-20T01:47:36ZengPolish Association of Agricultural and Agribusiness EconomistsAnnals of the Polish Association of Agricultural and Agribusiness Economists2657-781X2657-78282018-06-01XX311411910.5604/01.3001.0012.150401.3001.0012.1504THE EFFECTIVENESS OF SUBSTITUTING CAPITAL STREAM FOR HUMAN LABOURIN COMMERCIAL FARMS WITH DIFFERENT PRODUCTION POTENTIALDionizy Niezgoda0Anna Nowak1Ewa Wójcik2Państwowa Szkoła Wyższa im. Papieża Jana Pawła II w Białej PodlaskiejUniwersytet Przyrodniczy w LublinieUniwersytet Przyrodniczy w LublinieThe paper aimed to evaluate the effectiveness of substituting a stream of capital for human labour in commodityfarms in Poland depending on their production potential. The studies were based on unit data from the monitoringof the Polish FADN from 2016, using the Cobb-Douglas agricultural production function method. Using therelationship between agricultural farm production and production factors (workload, cropland area and streamof capital) as the basis for determining isoquant equations and marginal rates of substitution, the effectivenessof substitution was evaluated for two groups of farms: classified as small and medium large farms in terms ofeconomic size. The most effective factor affecting production on the farms was capital. Studies showed that in bothanalyzed groups of farms substituting capital for human labour was advantageous. However, substitution turnedout more profitable in the group of small farms in comparison to farms having a higher production potential.http://rnseria.com/gicid/01.3001.0012.1504efficiencysubstitutionproduction factorscommercial farmsregression equations |
| spellingShingle | Dionizy Niezgoda Anna Nowak Ewa Wójcik THE EFFECTIVENESS OF SUBSTITUTING CAPITAL STREAM FOR HUMAN LABOURIN COMMERCIAL FARMS WITH DIFFERENT PRODUCTION POTENTIAL Annals of the Polish Association of Agricultural and Agribusiness Economists efficiency substitution production factors commercial farms regression equations |
| title | THE EFFECTIVENESS OF SUBSTITUTING CAPITAL STREAM FOR HUMAN LABOURIN COMMERCIAL FARMS WITH DIFFERENT PRODUCTION POTENTIAL |
| title_full | THE EFFECTIVENESS OF SUBSTITUTING CAPITAL STREAM FOR HUMAN LABOURIN COMMERCIAL FARMS WITH DIFFERENT PRODUCTION POTENTIAL |
| title_fullStr | THE EFFECTIVENESS OF SUBSTITUTING CAPITAL STREAM FOR HUMAN LABOURIN COMMERCIAL FARMS WITH DIFFERENT PRODUCTION POTENTIAL |
| title_full_unstemmed | THE EFFECTIVENESS OF SUBSTITUTING CAPITAL STREAM FOR HUMAN LABOURIN COMMERCIAL FARMS WITH DIFFERENT PRODUCTION POTENTIAL |
| title_short | THE EFFECTIVENESS OF SUBSTITUTING CAPITAL STREAM FOR HUMAN LABOURIN COMMERCIAL FARMS WITH DIFFERENT PRODUCTION POTENTIAL |
| title_sort | effectiveness of substituting capital stream for human labourin commercial farms with different production potential |
| topic | efficiency substitution production factors commercial farms regression equations |
| url | http://rnseria.com/gicid/01.3001.0012.1504 |
| work_keys_str_mv | AT dionizyniezgoda theeffectivenessofsubstitutingcapitalstreamforhumanlabourincommercialfarmswithdifferentproductionpotential AT annanowak theeffectivenessofsubstitutingcapitalstreamforhumanlabourincommercialfarmswithdifferentproductionpotential AT ewawojcik theeffectivenessofsubstitutingcapitalstreamforhumanlabourincommercialfarmswithdifferentproductionpotential AT dionizyniezgoda effectivenessofsubstitutingcapitalstreamforhumanlabourincommercialfarmswithdifferentproductionpotential AT annanowak effectivenessofsubstitutingcapitalstreamforhumanlabourincommercialfarmswithdifferentproductionpotential AT ewawojcik effectivenessofsubstitutingcapitalstreamforhumanlabourincommercialfarmswithdifferentproductionpotential |