| Popis: |
Economic globalization plays an essential role in the modern world and has a significant impact on agricultural productivity within individual countries. The countries’ economies mutually influence each other, and it is crucial to assess this influence (country effect). The research objective is to assess the return on one hectare of agricultural land in different European countries and the impact of spatial effects. The research was based on the data of 35 European countries for 2002–2015 taken from the FAO database at comparable prices of 2010. For the analysis, a spatial panel regression model with fixed effects was used. In total, 11 factors of production influencing the efficiency of agriculture were selected, grouped into three subgroups—labor, land, and capital. To determine the weight matrix, the “four nearest neighbors” methodology was used. Based on the research results, we concluded that European countries are subject to spatial dependence; spatial effects are significant for agricultural productivity; there are positive spatial effects from an increase in population density and the share of people employed in agriculture in neighboring countries. |
