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BLAŽKOVÁ, I. -- DVOULETÝ, O. -- MACHEK, O. What drives total factor productivity and its growth in post-communist countries? The case of the Czech food industry. Journal of Agribusiness in Developing and Emerging Economies. 2020. v. 10, no. 3, p. 285--305. ISSN 2044-0839. URL: https://www.emerald.com/insight/content/doi/10.1108/JADEE-04-2019-0050/full/html

Original name:
What drives total factor productivity and its growth in post-communist countries? The case of the Czech food industry
Czech name:
Written by (author):
doc. Ing. Ivana Blažková, Ph.D.
Ondřej Dvouletý
Ondřej Machek
Department:
Department of Regional and Business Economics
Kind of publication:
article in a professional periodical
Periodical:
Journal of Agribusiness in Developing and Emerging Economies
Nature of article:
paper
Volume no. (year):
10
Periodical number within the volume: 3
Year of publication: 2020
Starting page:
285
Up to page:
305
Number of pages: 21
Sub-specification:
článek je obsažen v databázi SCOPUS
UT code by Web of Science:
EID code by Scopus:
Form of publication:
printed version
Original language: English
Description in original language:
Purpose: The paper aims to investigate factors that drive the total factor productivity (TFP) and its growth in the Czech food industry over 2003-2017. The authors' analysis focuses on firm-level characteristics such as location choice, sub-sector affiliation, use of debt, liquidity, asset turnover, firm size and firm age. Design/methodology/approach: The determinants of productivity were tested econometrically by estimation of multivariate regression models. The firm-level panel data set consisted of 14,488 observations (data of 980 firms spanning 15 years). TFP was estimated by three regression-based techniques - ordinary least squares (OLS) regression, instrumental variables (IV) approach and two-way generalized method of moments (GMM) regression. All three measures of TFP were used as outcome variables to estimate the impact of firm-level determinants on both TFP level and growth. Findings: The results have shown statistically significant and reversed U-shaped relationship between the firm age and the TFP level (with a turning point in the age of 12.5 years). However, the dynamic models investigating the TFP growth have found that younger firms achieve higher productivity growth in comparison with older ones. Higher market share and assets turnover were positively associated with both TFP level and its growth. Research limitations/implications: This study brings several relevant propositions for future research. First, the authors recommend future researchers to study not only differences in the levels of productivity but also determinants of its growth. Second, the authors believe that adding a non-linear component to age as a factor explaining changes in the levels of productivity might be a very relevant contribution to the literature. Originality/value: Although it is generally accepted that successful and sustainable growth of firms, regions and economies can be achieved particularly through viable companies with high productivity, there is still a limited number of firm-level studies explaining the determinants of productivity levels and growth in agribusiness sectors in transition economies. Therefore, this study is expected to contribute to a better understanding of this important topic.
Description in English:
Description in Czech:
Year of submission:
2020
Year of transmission:
RIV identification number:
URL: https://www.emerald.com/insight/content/doi/10.1108/JADEE-04-2019-0050/full/html
 
Entry made by:
Last change: 07/20/2020 08:25 (Markéta Hejčová, DiS.)

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Source specification:

Journal of Agribusiness in Developing and Emerging Economies. Bingley: ISSN 2044-0839.

Original name:
Journal of Agribusiness in Developing and Emerging Economies
Czech name:
Written by (author):
Kind of publication:
magazine
ISSN:
2044-0839
Country of publisher:
United Kingdom of Great Britain and Northern Ireland
Place of publishing: Bingley
Publisher:
Emerald Group Publishing Ltd.
URL:
https://www.emeraldgrouppublishing.com/journal/jadee
Reviewed magazine:
no
Original language:
English
Description in original language:
Description in English:
Description in Czech:
 
Entry made by: Markéta Hejčová, DiS.
Last change:
06/15/2020 13:41 (Šárka Novotná)

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