出版社:Economic Laboratory for Transition Research Podgorica
摘要:Sustainable agriculture is the basis for long-term economic growth
ensuring employment for the rural population. The aim of this research
is to assess the dynamics in agricultural output, investments,
direct payments and energy use in Estonia, Latvia and Lithuania
under the Common Agricultural Policy (CAP) during 2008-2017. The
method of research is the evaluation of production factors generated
by agriculture and related activities carried out by the model of
the EAA system. The performance of the agricultural holdings is
measured using economic indicators: output of the agricultural
'industry', gross fixed capital formation (GFCF), direct payments,
return on capital, total labour force input, average farm income. We
discuss the trends in absolute and relative indicators relates to
different aspects of the sustainable agricultural development to
identify the key priorities of the CAP in the Baltic States which are
new European Union Member States. The results indicate that in
Estonia, Latvia and Lithuania EU support has affected investments
in capital. The amount of GFCF over ten years annually grew an
average by 0.1% in Estonia, by 8% in Latvia and by 17% in Lithuania
which has led to increase productivity on farms, positively influenced
growth on output agriculture and income as well. During the
period 2008-2017 marked growth in the agricultural output levels
and direct payments on average annually by more than 4% and 5-
6%, respectively. These induced higher capital investments which
require reasonable revision of the CAP measures in order to avoid
overinvestment and address changes in the global agricultural
markets.
关键词:Output;
investment;
direct payment;
capital;
labour input;