Research Topics in Agricultural and Applied Economics

Volume 1

by

Anthony N. Rezitis

DOI: 10.2174/97816080509871100101
eISBN: 978-1-60805-098-7, 2009
ISBN: 978-1-60805-397-1
ISSN: 1879-7415 (Print)



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The aim of the eBook series of Research Topics in Agricultural & Applied Economics (RTAAE) is to publish high quality economic researc...[view complete introduction]

Table of Contents

Foreword

- Pp. i

Konstadinos Mattas

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Preface

- Pp. ii-iii (2)

Anthony N. Rezitis

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Contributors

- Pp. iv-v (2)

Anthony N. Rezitis

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Price Transmission and Markov Switching Regime Shifts: An Application to the Greek Lamb Market

- Pp. 1-22 (22)

Anthony N. Rezitis, Fotini Mentesidi and Konstantinos S. Stavropoulos

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Evaluating Economic Incentives for Greek Organic Agriculture: A Real Options Approach

- Pp. 23-35 (13)

Tzouramani Irene and Mattas Konstadinos

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Critical Review and State-of-the-Art of PMP Models: An Application to Greek Arable Agriculture

- Pp. 36-63 (28)

Athanasios Petsakos and Stelios Rozakis

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A Comparative Financial Assessment Analysis of Agricultural Production Cooperatives in the Krasnodar Region-Russia

- Pp. 64-76 (13)

Nadezhda Pashkova, George Baourakis and Constantin Zopounidis

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The Evolution of Solutions to the Free Rider Problem in US Agricultural Bargaining Cooperatives

- Pp. 77-94 (18)

Constantine Iliopoulos

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Performance Measurement in the Greek Context: Evidence from Different Corporate Settings

- Pp. 95-102 (8)

Athanasios Tsagkanos and Dimitrios P. Koumanako

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Nutritional Label Users’ Ability to Perform Nutrition Tasks as a Dietary Consumption Constraint

- Pp. 103-113 (11)

Andreas C. Drichoutis, Rodolfo M. Nayga Jr and Panagiotis Lazaridis

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Spatial Approach to Territorial Convergence Across the EU-15 Regions and the Common Agricultural Policy

- Pp. 114-140 (27)

Maria Sassi

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Human Capital Convergence in Greece: A Panel Data Analysis

- Pp. 141-159 (19)

George L. Liaskos and Christos T. Papadas

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Economic Determinants of Inward Foreign Direct Investment to Transition Countries. The Cases of Bulgaria and Romania

- Pp. 160-167 (8)

Dimitrios Kyrkilis and Pantelis Pantelidis

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Liberalisation of the European Natural Gas Market: Myth or Reality? Evidence from Greece

- Pp. 168-183 (16)

Irene Fafaliou and Michael L. Polemis

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Index

- Pp. 184-185 (2)

Anthony N. Rezitis

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Foreword

The present e-book series edited and managed by professor Rezitis, offers new challenges and opportunities to economists and agricultural economists since it delivers advance empirical work to a broader audience of both economists and agricultural economists. In this book, a perfect job of connecting pure economic methods to current agricultural applications has been achieved. Thus, this forum will constitute the main background for further development of such kind of agricultural research.

In this particular volume, high quality of empirical studies covering areas like price transmission-agricultural policies-convergence-investments-cooperatives-gas markets can be found. Moreover, authors that joined this volume have a great deal of work on the area they contribute and they can be contacted for any further published literature.

Konstadinos Mattas
Professor of Agricultural Policy
Aristotle University of Thessaloniki
Editor of the “Agricultural Economics Review”


Preface

The aim of the e-book series of Research Topics in Agricultural & Applied Economics (RTAAE) is to publish high quality economic research applied to both the agricultural and non-agricultural sectors of the economy. The subject areas of this e-book series include, among others, supply and demand analysis, technical change and productivity, industrial organization, labor economics, growth and development, environmental economics, marketing, business economics and finance. By covering a broad variety of economic research topics, this e-book series is addressed to a wide spectrum of academic agricultural and applied economic researchers and scientists but it could also prove useful to industry specialists and government policymakers.

The present volume of RTAAE (Vol. 1) contains the following 11 chapters:

Chapter 1, entitled “Price Transmission and Markov Switching Regime Shifts: An Application to the Greek Lamb Market”, examines the long-run price relationships and regime shifts that govern the price transmission mechanism between the farm, wholesale, imported and retail levels of the lamb market.

Chapter 2, entitled “Evaluating Economic Incentives for Greek Organic Agriculture: A Real Option Approach”, applies option-pricing theory to evaluate investment decisions by farmers regarding their potential conversion to organic agriculture.

Chapter 3, entitled “Ex Post Evaluation of Mathematical Programming Models in Predicting Arable Farming Reactions in the Decoupling Era”, presents an ex post validation of the standard linear programming, non-linear programming and two alternative positive mathematical programming model specifications by comparing the performance with observed data of the new CAP implementation in Greece.

Chapter 4, entitled “A Comparative Financial Assessment Analysis of Agricultural Producing Cooperatives in the Krasnodar Region – Russia”, examines the organizational functions and economic status of agricultural cooperatives in Russia, providing a perspective of the current dynamics of the cooperatives with respect to recent changes in the Russian agricultural sector.

Chapter 5, entitled “The Evolution of Solutions to the Free Rider Problem in US Agricultural Bargaining Cooperatives”, addresses the issue of how intra-organizational incentive alignment mechanisms evolve to solve the free rider problem in collective bargaining and focuses on agricultural bargaining cooperatives (ABCs), a particular form of producer-owned firms mainly observed in the West Coast states of the US.

Chapter 6, entitled “Performance Measurement in the Greek Context: Evidence from Different Corporate Settings”, investigates the impact of performance measurement systems adoption on firm profitability by matching a group of manufacturing industries with peer firms that were not manufacturing industries.

Chapter 7, entitled “Nutritional Label Users’ Ability to Perform Nutrition Tasks as a Dietary Consumption Constraint”, uses a simultaneous equation model to investigate how the ability to perform nutrition-related tasks, among nutrition label users, may affect diet quality.

Chapter 8, entitled “Spatial Approach to Territorial Convergence Across the EU-15 Regions and the CAP”, examines the role of spatial dependence and heterogeneity on real agricultural and economic convergence across a sample of 166 EU-15 regions.

Chapter 9, entitled “Human Capital Convergence in Greece: A Panel Data Analysis”, examines the existence of human capital convergence between Greek regions.

Chapter 10, entitled “Economic Determinants of Inward Foreign Direct Investments to Transition Countries: The Cases of Bulgaria and Romania”, attempts to assess the main foreign direct investment (FDI) determinants for Bulgaria and Romania, after their accession to the EU.

Chapter 11, entitled “Liberalisation of the European Natural Gas Market: Myth or Reality? Evidence from Greece”, analyses the main aspects involved in the liberalization process of the EU natural gas industry and the extent to which it has impacted on less liberalized countries such as Greece.

Anthony N. Rezitis
&
Konstantinos S. Stavropoulos

University of Ioannina
Department of Business Administration of Food and Agricultural Enterprises
2, G Seferi St, Agrinio
Greece

List of Contributors

Editor(s):
Anthony N. Rezitis
University of Ioannina
Greece




Contributor(s):
Andreas C. Drichoutis
Department of Economics
University of Ioannina
P.O. Box 1186
Ioannina, 45110
Greece


Anthony N. Rezitis
Department of Business Administration of Food and Agricultural Enterprises
University of Ioannina
P.O. Box 1186
Ioannina, 45110
Greece


Athanasios Petsakos
Department of Agricultural Economics
Agricultural University of Athens
Iera Odos 75
Athina, 118 55
Greece


Constantin Zopounidis
Financial Engineering Laboratory
Technical University of Crete
Chania, 731 00
Greece


Christos T. Papadas
Department of Agricultural Economics & Rural Development
Agricultural University of Athens
Iera Odos 75
Athina, 118 55
Greece


Dimitrios Kyrkilis
Department of Balkan, Slavic and Oriental Studies, School of Economic and Regional Studies
University of Macedonia
Egnatia 156
Thessaloniki, 540 06
Greece


Dimitrios P. Koumanako
Department of Chemical Engineering
University of Patras
Panepistimioupoli
Patron, 265 04
Greece


Fotini Mentesidi
University of Ioannina
P.O. Box 1186
Ioannina, 45110
Greece


George Baourakis
Mediterranean Agronomic Institute of Chania
Alsyllio Agrokipiou, 1 Makedonias, P.O. Box 85
Chania
Crete, 731 00
Greece


George L. Liaskos
Department of Agricultural Economics
Agricultural University of Athens
Iera Odos 75
Athina, 118 55
Greece


Irene Fafaliou
Department of Economics
University of Piraeus
Karaoli & Dimitriou 80
Piraeus, 185 34
Greece


Irene Tzouramani
Agricultural Economics and Policy Research Institute
National Agricultural Research Foundation
Athens
Greece


Konstadinos Mattas
Department of Agricultural Economics, School of Agriculture
Aristotle University of Thessaloniki
Thessaloniki, 54124
Greece


Konstantinos S. Stavropoulos
Department of Business Administration of Food and Agricultural Enterprises
University of Ioannina
P.O. Box 1186
Ioannina, 45110
Greece


Maria Sassi
Department of Economics and Management
University of Pavia
corso str 27100, Corso Strada Nuova
Pavia
PV, 65, 27100
Italy


Michael L. Polemis
Department of Economics
Hellenic Competition Commission
1a Kotsika str., 104 34
Αthens
Greece


Nadezhda Pashkova
Mediterranean Agronomic Institute of Chania
Alsyllio Agrokipiou, 1 Makedonias, P.O. Box 85, Chania
P.O. Box 1186
Crete, 731 00
Greece


Panagiotis Lazaridis
Department of Agricultural Economics
Agricultural University of Athens
Iera Odos 75
Athina, 118 55
Greece


Pantelis Pantelidis
Department of Economics
University of Piraeus
Karaoli & Dimitriou 80
Piraeus, 185 34
Greece


Rodolfo M. Nayga Jr.
Department of Agricultural Economics and Agribusiness
University of Arkansas
Karaoli & Dimitriou 80
Fayetteville, AR 72701
Greece


Stelios Rozakis
Department of Agricultural Economics & Rural Development
Agricultural University of Athens
Iera Odos 75
Athina, 118 55
Greece




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