REGIONAL ASSESSMENT OF STABILITY OF THE IRRIGATED AGRICULTURE
The article examines the influence and interrelation of factors of production - capital and labor on the economic sustainability of facilities operating in the system of irrigated agriculture. The studies were conducted on the basis of statistical data of agricultural producers who use irrigation te...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Agricultural Sciences and Veterinary Medicine, Bucharest
2019-01-01
|
| Series: | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| Online Access: | https://managementjournal.usamv.ro/pdf/vol.19_1/Art40.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | The article examines the influence and interrelation of factors of production - capital and labor on the economic sustainability of facilities operating in the system of irrigated agriculture. The studies were conducted on the basis of statistical data of agricultural producers who use irrigation technology. The article examines a significant differentiation of the basic parameters of agricultural production (security of labor, land, material and technical resources), significantly affecting the conditions and performance of the studied farms. The relationship of production factors and the increase in the value of gross output is considered taking into account the basic performance parameters. The article uses the most universal and acceptable Cobb-Douglas production function for the agricultural production industry, which represents the interrelation of production factors - in our case for a quantitative assessment of the interrelation of fixed assets, labor resources and their impact on the sustainability of production. The results show a relative change in the volume of production, expressed as a percentage, with a relative increase in the corresponding factor of production by 1%. |
|---|---|
| ISSN: | 2284-7995 2285-3952 |