Template-Type: ReDIF-Article 1.0 Author-Name: Svatopluk KAPOUNEK Author-Workplace-Name: Department of Finance, Faculty of Business Economics, Mendel University in Brno, Brno, Czech Republic Author-Name: Jitka POMĚNKOVÁ Author-Workplace-Name: Department of Radio Electronics, Faculty of Electrical Engineering and Communication, Brno University of Technology, Brno, Czech republic Title: The endogeneity of optimum currency area criteria in the context of financial crisis: Evidence from the time-frequency domain analysis Abstract: We provide the wavelet analysis of the economic cycle synchronization during the recent financial crisis. However, the global financial crisis caused economic cycles in most European countries to become more strongly synchronized without increasing of the real convergence process. Our contribution is an application of the singular value decomposition to identify and remove the long-term trend including outliers appearing in the year 2007-2010. We found that the historically greater integration provides more highly synchronized cycles in the core Euro area member countries. Keywords: Euro area, singular value decomposition, synchronization, wavelet analysis Journal: Agricultural Economics Pages: 389-395 Volume: 59 Issue: 9 Year: 2013 DOI: 10.17221/9/2013-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/9/2013-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-201309-0001.txt Handle: RePEc:caa:jnlage:v:59:y:2013:i:9:id:9-2013-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Peter ADAMIŠIN Author-Workplace-Name: Department of Environmental Management, Faculty of Management, University of Prešov, Prešov, Slovak Republic Author-Name: Rastislav KOTULIČ Author-Workplace-Name: Department of Economic Sciences and Economy, Faculty of Management, University of Prešov, Prešov, Slovak Republic Title: Evaluation of the agrarian businesses results according to their legal form Abstract: The entry into the new market environment after 1990 marked the beginning of complicated structural, economic and social changes for agricultural companies that brought a measurable improvement in only few aspects of the technical performance and competitiveness. New forms of enterprise were created, the number of subjects increased and their average concentration decreased. Based on the analysis, it is claimed that in the majority of selected economic indicators, there was a significant difference in the reached parameters among the groups of the analyse subjects using land, differentiated according to their legal status. Based on the results of testing, it is possible to claim that business companies show a higher extent of economic success evaluated through the selected economic indicators. Only in one case - the indicator of the amount of subsidies per 1 ha of agricultural land - it is impossible to establish a statistically significant difference. This impossibility in that particular indicator only shows even more notably the fact that business companies are able to manage better than cooperatives even with subsidies per hectare of agricultural land that have not been statistically significantly different. Keywords: agricultural cooperative, business company, economic performance, paired t-test Journal: Agricultural Economics Pages: 396-402 Volume: 59 Issue: 9 Year: 2013 DOI: 10.17221/21/2013-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/21/2013-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-201309-0002.txt Handle: RePEc:caa:jnlage:v:59:y:2013:i:9:id:21-2013-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Xu HENGZHOU Author-Workplace-Name: School of Management, Tianjin University, Tianjin, P.R. China Author-Name: Yin HONGCHUN Author-Workplace-Name: School of Management, Tianjin University, Tianjin, P.R. China Author-Name: Guo YUYAN Author-Workplace-Name: Institute of Social Policy, Jiangsu Academy of Social Sciences, Nanjing, P.R. China Title: Fiscal decentralization, local government competition and farmland conversion in China: the co-integration analysis and the GMM estimation based on the inter-provincial panel data Abstract: Based on the Chinese provincial panel data from 1995 to 2008, using the panel co-integration method, this paper presents an empirical study on the long-term equilibrium relationship between the fiscal decentralization, the local government competition and the farmland conversion. On this basis, establishing the dynamic panel data model, using the generalized method of moments (GMM) to analyze the dynamic impact of the fiscal decentralization and the local government competition on the farmland conversion from the view of three cross-regional groups and the mainland China. The results show that there is a long-run co-integration relationship between the fiscal decentralization, the farmland conversion and the local government competition, and also there is a positive significant influence of the fiscal decentralization and the local government competition on the farmland conversion, a 1% increase in the degree of fiscal decentralization will increase the area of farmland conversion by 0.3280%. In addition, there is a significant difference of the incentive effect of local government competition on the farmland conversion in different regions. The paper ends with policy suggestions for perfecting the system of the fiscal decentralization, taxation and the division of responsibility and authority, reforming the criterion of the political achievement assessment, strengthening the management of land revenue, reducing the reliance of the local government on land finance; at the same time, the farmers' land property rights should be perfected. Keywords: farmland conversion, fiscal decentralization, panel data, China Journal: Agricultural Economics Pages: 420-429 Volume: 59 Issue: 9 Year: 2013 DOI: 10.17221/6/2013-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/6/2013-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-201309-0003.txt Handle: RePEc:caa:jnlage:v:59:y:2013:i:9:id:6-2013-AGRICECON Template-Type: ReDIF-Article 1.0 Author-Name: Áron TÖRÖK Author-Workplace-Name: Department of Agricultural Economics and Rural Development, Corvinus University of Budapest, Budapest, Hungary Author-Name: József TÓTH Author-Workplace-Name: Department of Agricultural Economics and Rural Development, Corvinus University of Budapest, Budapest, Hungary Title: Open characters of innovation management in the Hungarian wine industry Abstract: The paper examines the relationship between the use of specific knowledge and economic success among Hungarian grape growers and wine makers. In the last decade, Hungary has been left behind by world trends as represented by the increasing share of the premium and super-premium wines (which utilise higher knowledge) in the export development. According to our survey, one cause of this might be the inappropriate use and management of knowledge and skills which is 'conditio sine qua non' for wine making. The Hungarian wine regions (usually with resource-based, fordist type resource endowment) are rather knowledge users. We have found (based on the PCA estimation) that two principal components cover 77% of the total variance: 'Size' and 'Innovation capabilities'. However, although the use and spread of skills is a basic component in explaining the differences of variation among the companies, it is not unambiguous in formulating the business success measured in different indicators. Because the small and medium sized enterprises (SMEs) have limited resources in capital accumulation and knowledge creation, they need to maintain living network connections in order to expand their constrained innovation capabilities. Instead of the 'closed' type of innovation and knowledge accumulation, they utilise the 'open' way of acquiring knowledge, where they necessarily share their specific information with their partners, but at the same time, they are supplied with new knowledge which might be vital for their own progress. The majority of the Hungarian vine- and wine makers are not open enough in the different phases of the innovation process. However, our analysis proves that if they showed up mutuality especially in knowledge sharing with their competitors, they could improve their positions significantly. We conclude that the Hungarian wine enterprises - keeping the idea generation as well as its further development, elaboration and the adequate use within the frame of the company - can achieve market success. Keywords: Hungarian SMEs, open innovation, principal component analysis, vine- and wine sector Journal: Agricultural Economics Pages: 430-438 Volume: 59 Issue: 9 Year: 2013 DOI: 10.17221/24/2013-AGRICECON File-URL: http://agricecon.agriculturejournals.cz/doi/10.17221/24/2013-AGRICECON.html File-Format: text/html X-File-Ref: http://agriculturejournals.cz/RePEc/caa/references/age-201309-0004.txt Handle: RePEc:caa:jnlage:v:59:y:2013:i:9:id:24-2013-AGRICECON