How Resistant is the Agricultural Sector? Economic Resilience Exploited

Abstract

The concept of resilience has wide acceptance in different scientific doctrines and fields, from ecology to disaster management. Nowadays this phenomenon is being more and more intensively exploited in economic sciences in an attempt to measure the ability of economic systems to quickly regenerate from different external shocks or even to avoid them as such. This research paper examines economic resilience of the agricultural sector (including industries) with the example of Lithuanian empirical data. In order to measure the economic resilience of the agricultural sector, the appropriate index was created including a new derivative indicator-volatility of revenues from the desired growth path. Expert interviews, statistical analysis and econometrical modelling were employed in our research. The results show the increasing value of economic resilience of the Lithuanian agricultural sector up to the year 2015, which can be attributed to the accession into the EU, after this year inclination towards more profitable, but considerably more risky export markets lowers the calculated parameter of economic resilience of the Lithuanian agricultural sector. Such a tendency questions the sustainability of economic resilience of the Lithuanian agricultural sector.

Environmental Regulation, Technological Innovation, and Export Competitiveness: An Empirical Study Based on China’s Manufacturing Industry

“…Additionally, there are other studies that focus on the export performance of agriculture and service industry. Morkūnas et al [17] and Smutka et al [18] examined the effects of policies on the trade performance of agricultural industry goods. Gulicheva et al [19] analyzed the relationship between innovative education environment and the export competitiveness of Russian education services.…”

How Rural Development Programmes Serve for Viability of Small farms? Case of Latvia and Lithuania

“…Nevertheless, the issue of the size of farm is still of high importance, as small farms largely maintain social dimension of agricultural sustainability and actively engage in production on farms. Most often scientists indicated the importance of gross investments and subsidies on investments in small farms, the higher income is one of the factors which improve the level of small farms viability and their ability to develop in countries (Morkūnas et al, 2018;Soumaya, 2012). The levels and dynamics of the investment depend on the size of the holding and their financial situation.…”

In a Search for Equity: Do Direct Payments under the Common Agricultural Policy Induce Convergence in the European Union?

“…This would not only prevent the overproduction, that was very common in previous direct payments schemes under the CAP [67], but would also encourage farmers to search for niche products, what can be easily introduced into the market in order to fasten the financial flows. The increasing diversification of cultivated agricultural crops would also benefit to increasing resilience [68,69] and sustainability [35] of rural regions, thus meeting yet another CAP objective.…”