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Chemical pesticides have a very big significance in increasing the efficiency of agricultural production. The aim of this article was to present the market of plant protection products in Poland in 2005-2009, taking into account the changes in supply, demand and prices of pesticides. The article presents the changes in the number of entities engaged in trading of plant protection products in the studied years in Poland.
EN
The main aim of the article is to analyse the key determinants of inflation in Poland in the period of 1997 - 2009. The paper uses a research method developed based on the literature on monetary policy and international finance, as well as on econometric methods (Vector Error Correction Model - VECM). Inflation is commonly regarded as one of the most important problems of an economy, particularly in transition countries. Therefore, fight against inflation and striving to maintain a stable price level is the main objective of the monetary authorities in these countries. In order to conduct effective monetary policy, central banks must possess information concerning the current economic situation in the country and the fundamental relationships between the main economic variables. According to the findings of the analysis concerning inflation in Poland, the most important inflation factors in the period 1997 - 2009 were demand factors, especially government spending as well as cost factors, especially growth of wages. Furthermore, it was found that changes in inertial factor and import prices best explain the variability of inflation in Poland in the period 1997 - 2009.
EN
The study examines what effects various interest rates have on the price level and nominal prices in an open (primarily small) economy with free flows of capital. A closed economy calls for a distinction only between nominal and real rates of interest, but in an open economy, questions of interest-rate parity have to be considered as well. It is necessary to clarify the factors behind the real interest rate important for price-level pass-through and for the scale of risk premium. Analysis of interest-rate effects begins with the mechanism whereby the interest rate influences the cost of fixed assets (explicit or implicit rents). Secondly, the mechanism behind the relation of export-sector production decisions and domestic interest rates is examined. It emerges that decisions of the export sector are independent of domestic interest rates. Thirdly, certain types of pricing behaviour are studied. It is shown that a rise in the interest rate that does not alter the present exchange rate is a price-raising factor for the importing country. It can be assumed that if the interest rate has a demand effect in a closed economy, this will presumably be much weaker in a small open economy.
EN
The aim of this study is the assessment of the applicability of the Austrian School theory in explaining products’ price volatility at particular stages of structure of production. This assessment was based on the authorial model and the usage of statistical tests. Empirical verification of Austrian School theories is rare in economic literature. The test method used in this study fills the gap in the price volatility research. Proposed approach was not used in regards to the Austrian School theory before. The data analysis of the years among 2010 – 2017 indicated an existence of statistically significant differences in price volatility within various stages of production structure in all analysed economies, including the euro area, Germany and France. In the analysed years price volatility of goods was higher at stages of production structure more distant to final consumer goods. The exception was lower price volatility on capital goods stage compared to consumer goods in euro area and French economy.
EN
The purpose of this study is to evaluate the effectiveness of production resources management in ecological farms of different size area in the years 2007-2009. The surveyed farms were diversified by incurred costs as well as by production and economic outcomes. The fluctuation of production outcomes levels resulted also in fluctuation in the areas of: productivity resources, farms profitability and economic effectiveness of the capital resources in specific area groups. The indicated differences in the results achieved by groups of farms of different size was mostly conditioned by varied production organization and its scale, whereas the effectiveness differentiation in the surveyed years was influenced by the economic situation in agriculture. The noticeable trend was the increase in size of farms resulted in smaller productivity land and total assets. It was caused by several factors, such as organization of production, mainly in plant sector, eco-products prices and the fall of production intensity (the level of the material costs by 1 ha of agricultural land) in larger farms.
EN
This paper evaluates the differences in the degree to which the preferences of the Slovak right-wing and left-wing parties are affected by the development of consumer prices and unemployment. Using the linear regression approach it provides evidence in which Slovak left-wing voters are resistant to economic voting, which is demonstrated by the fact that changes in the preferences of the Slovak left-wing government during 2006 – 2008 did not react to changes in the CPI and the unemployment rate. By contrast, the Slovak right-wing is held accountable by its voters both for rising prices and unemployment. Thus, our research unveils a new, unexpected difference between left- and right-wing voters. Furthermore, it is argued that, under constantly decreasing monetary and fiscal sovereignty in EU member states, political parties that have voters highly responsive to economic conditions are in a disadvantage as their preferences are dependent on factors they can influence less than in the past.
EN
The article contributes to the existing empirical evidence on the impact of the macroeconomic environment on retail prices dynamics by using panel estimates to explain inflation in Slovenia after the introduction of the euro. The authors evaluated the impact of diesel fuel prices, food prices on the world market, GDP, the bank loans to the private sector, import prices, the earnings of major merchants and the production prices for retail prices of alimentary products. The earnings of major merchants, import prices and GDP growth contributed significantly to the incline of the retail prices in the first observed period. While, the results of the empirical analysis state that the cause of increased incline of the retail prices of alimentary products after May 2007 can be attributed, mostly to the earnings of major merchants, volume of credit, world food prices, the price of diesel fuel and import prices. The impact of producers' prices was insignificant in both observed periods.
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