Investment in agricultural holdings in the EU(10) countries by the prism of the Michał Kalecki`s business cycle theory

Piotr Kułyk , Aleksander Grzelak


The main objective of the article is to evaluate investment processes in agriculture in the EU countries (10) in 2004-2013 from the perspective of M. Kalecki`s investments business cycle theory. Panel regression was used for model estimation. One has stated that investments in agricultural holdings can be considered from the perspective of the investment theory of the business cycle of M. Kalecki in the case of a group of the EU countries (10). This means that increasing investments in one year leads to an increase in production resources in the next period, which reduces the demand for investment. It was noted that the demand effect of investment is relatively stronger than supply one. This phenomenon results, among others, from the fact that there are investments in agriculture that do not translate into production effects or the creation of further ones (e.g. related to ensuring the well-being of the environment under cross-compliance). After 2020, it would be advisable to include to a greater extent, in the support instruments of the CAP the creation of public goods, which weaken the effect of the supply effect of the investment
Author Piotr Kułyk - Uniwersytet Zielonogórski (UZ)
Piotr Kułyk,,
, Aleksander Grzelak (WE / KMiGŻ)
Aleksander Grzelak,,
- Department of Macroeconomics and Agricultural Economics
Journal seriesEconomic Science for Rural Development : Proceedings of the International Scientific Conference , ISSN 2255-9930, (0 pkt)
Issue year2018
Publication size in sheets0.5
Conference 19th International Scientific Conference "Economic Science for Rural Development 2018", 09-05-2018 - 11-05-2018, Jełgawa, Łotwa
Keywords in Englishagricultural holding, investments, the Michal Kalecki's business cycle theory.
Languageen angielski
Score (nominal)15
Score sourceconferenceIndex
ScoreMinisterial score = 15.0, 20-03-2020, ArticleFromConference
Publication indicators WoS Citations = 0
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