Outcome of capital investment on labor productivity in agriculture sector of Ukraine

Abstract

Ukraine's agricultural sector accounts for 17% of the country's GDP and is continuously growing. For six consecutive years (2013-2018), Ukraine harvested over 60 million tons of grain annually, and 2018 export of ag commodities reached $18.6 billion. (State, 2020). The anticipated land reform envisions lifting the moratorium on the agricultural land sale, which should encourage capital investments in ag. The article analyzes the trends of investment opportunities in the Ukrainian ag sector for the last decade. The regression analysis of labor productivity with variables of fixed capital-worker ratio and yield of grain confirmed that the function of labor productivity depended on the value of fixed capital per worker. As the U.S. investment in ag machinery export to Ukraine plays a significant role, we evaluated its effect on the current level of labor productivity in the Ukrainian agribusiness, comparing it with the U.S. farming outcome.

R&D Innovation Adoption, Climatic Sensitivity, and Absorptive Ability Contribution for Agriculture TFP Growth in Pakistan

“…The estimated results are similar to the findings of dos Santos et al [57] who found that the farmers who have high absorptive ability are those who are closer to research institutions and they have higher networking, while the lower networking farmers have less absorptive ability. Similarly, Onegina et al [58] concluded that the labor productivity in the agriculture sector is dependent on capital spent to increase the labor efficiency. The agriculture human capital will be more efficient if government focused on the knowledge capital and skill development of the agriculture labor.…”

Price Transmission Among the Participants of the Livestock Products Agrofood Chain in Ukraine

“…Ukraine's agricultural sector accounts for 12% of the country's GDP and its output is continuously growing. For six consecutive years (2013-2018), Ukraine harvested over 60 million tons of grain annually, and 2018 export of ag commodities reached $18.6 billion (Onegina et al, 2020). The issues of pricing in the cattle products market, namely the price transmission along the agrofood chain main participants, were considered in research as (Bondar et al, 2014), (Ilchuk & Konoval, 2016), (Misyuk, 2012), (Onegina et al, 2018), (Rozhko et al, 2019), Yakubovs'ka & Luk'ianyk, 2017, (Shpychak et al, 2017) et al According to the authors, in order to effectively manage cash flows when choosing instruments of state support for agricultural producers, in particular livestock products, you can choose those that will give maximum social effect with minimum financial costs, or vice versa, focus on the implementation of projects that combine a high level of both these indicators, while minimizing political risks (Onegina et al, 2019).…”

Person-centered approach effectiveness in Human Resource Management in the agriculture of Azerbaijan

“…The problem of increasing labor productivity itself is not new since the economic efficiency of an enterprise or industry at all stages of economic development depended on the success of solving this problem. For decades, two approaches have been clashing in economics -technocratic (Baležentis, Li & Chen, 2020;Battisti, Belloc & Del Gatto, 2020;Onegina et al, 2020) and person-centered (Börsch-Supan, Hunkler & Weiss, 2021;Ahmadov, 2020). Representatives of the technocratic approach adhere to the point of view that technology is decisive for increasing labor productivity.…”