Template-Type: ReDIF-Article 1.0
Author-Name: Lukáš Frýd
Author-Name: Veronika Machová
Author-Name: Jakub Horák
Author-Name: Pedro Pardal
Title: The Wage Impact on the Net Value-Added in the Agricultural Sector
Abstract: Entrepreneurship in the area of agriculture is subject to various factors, such as nature risks (hydrologic, pests and diseases) or recently notable economic hazards with disastrous consequences for a lot of enterprises. A grave issue is, for example, a vast wage rise to which the agricultural sector fails to respond, thus threatening the existence of these companies. The article aims at analysing the way wages influence the net value-added (NVA) in the agricultural sector of V4 and identifies components with a significant impact on NVA thereof. The data set from 2004-2017 of V4 provides the relevant data, using statistical methods – Maddala-Wu Test, Akaike Information Criterion and Engle and Granger two-step method to detect the relation between the average and minimum wage of NVA. The average wage increase positively influences NVA, as contrasted with minimum wages harming MVA.
Keywords: market value-added (MVA), average and minimum wage, agriculture, performance and productivity of the enterprise
Journal: Littera Scripta
Volume: 13
Issue: 1
Year: 2020
Month: July
DOI: 10.36708/Littera_Scripta2020/1/12
File-URL: https://littera-scripta.com/articles/the-wage-impact-on-the-net-value-added-in-the-agricultural-sector-afe1c2a7
File-Format: text/html
Handle: RePEc:rsg:littra:2020-012