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This study presents an innovative approach to measuring economic resilience at a sectoral level. The notion of economic resilience is explored through the lens of levels of resilience of the main functions of a researched economic sector. The overall level of sectoral economic resilience is seen as a weighted sum of resilience indexes related to its main economic functions. Such a comprehensive approach is universal, as it allows to measure economic resilience of various economic sectors. For the empirical application, the agricultural sector of Lithuania was selected for analysis of resilience. The results revealed that the overall level of resilience declined in Lithuanian agricultural sector during 2012–2019. Such a persistent trend may pose an increasing risk for food security in Lithuania in the future. The most evident negative changes in the economic resilience levels are observed in terms of economic viability of farms. The most robust levels of economic resilience are indicated in the sense of ability to provide local food at affordable prices.
Artiom Volkov; Agnė Žičkienė; Mangirdas Morkunas; Tomas Baležentis; Erika Ribašauskienė; Dalia Streimikiene. A Multi-Criteria Approach for Assessing the Economic Resilience of Agriculture: The Case of Lithuania. Sustainability 2021, 13, 2370 .
AMA StyleArtiom Volkov, Agnė Žičkienė, Mangirdas Morkunas, Tomas Baležentis, Erika Ribašauskienė, Dalia Streimikiene. A Multi-Criteria Approach for Assessing the Economic Resilience of Agriculture: The Case of Lithuania. Sustainability. 2021; 13 (4):2370.
Chicago/Turabian StyleArtiom Volkov; Agnė Žičkienė; Mangirdas Morkunas; Tomas Baležentis; Erika Ribašauskienė; Dalia Streimikiene. 2021. "A Multi-Criteria Approach for Assessing the Economic Resilience of Agriculture: The Case of Lithuania." Sustainability 13, no. 4: 2370.
The agriculture in Eastern Europe has seen a number of economic and social transitions. This research examines the gender inequality in agriculture by taking the case of an Eastern European country – Lithuania – as an example. The questionnaire survey was employed in order to check the existence of gender inequality. The study focuses on the young farmers as they are more likely to implement innovations and shape the future agricultural activities. The demand for advisory services and participation in the Common Agricultural Policy measures were used to compare the activities and perceptions of men and women young farmers. We found that there are no significant differences in participation of support measures and demand for advisory services across the genders. This suggests Lithuanian agricultural sector is equally beneficial for men and women young farmers. Given the differences in the educational background, a positive effect is anticipated if women were more empowered in Lithuanian agriculture. Women’s participation in agriculture could increase environmental awareness, propensity to innovate and economic resilience.
Tomas Balezentis; Mangirdas Morkunas; Artiom Volkov; Erika Ribasauskiene; Dalia Streimikiene. Are women neglected in the EU agriculture? Evidence from Lithuanian young farmers. Land Use Policy 2020, 101, 105129 -105129.
AMA StyleTomas Balezentis, Mangirdas Morkunas, Artiom Volkov, Erika Ribasauskiene, Dalia Streimikiene. Are women neglected in the EU agriculture? Evidence from Lithuanian young farmers. Land Use Policy. 2020; 101 ():105129-105129.
Chicago/Turabian StyleTomas Balezentis; Mangirdas Morkunas; Artiom Volkov; Erika Ribasauskiene; Dalia Streimikiene. 2020. "Are women neglected in the EU agriculture? Evidence from Lithuanian young farmers." Land Use Policy 101, no. : 105129-105129.
Ensuring sustainable and economically viable agriculture requires economic resilience before, throughout, and after a shock. This paper studies the economic resilience of Austrian agriculture within the period of 1995 to 2019. However, methods for tracking changes in economic resilience have so far seen only limited application in agriculture. The index for the analysis and measurement of economic resilience is based on four areas: financial flexibility, stability in following the development path, diversification of activities, and diversification of export markets. As results show, Austrian agriculture is of interest because of the very high level of economic resilience, ranging from 0.83 to 0.92 in the period researched, thereby displaying a high capacity to absorb shocks. Generally, these results indicate that Austrian agriculture is forgiving of shocks and thus very economically resilient. These results provide context for developing generalizations on economic resilience in agriculture and its fundamental function for producing effective food security within a sustainable transition path. Some concluding suggestions propose possible future areas of research.
Erika Quendler; Mangirdas Morkūnas. The Economic Resilience of the Austrian Agriculture since the EU Accession. Journal of Risk and Financial Management 2020, 13, 236 .
AMA StyleErika Quendler, Mangirdas Morkūnas. The Economic Resilience of the Austrian Agriculture since the EU Accession. Journal of Risk and Financial Management. 2020; 13 (10):236.
Chicago/Turabian StyleErika Quendler; Mangirdas Morkūnas. 2020. "The Economic Resilience of the Austrian Agriculture since the EU Accession." Journal of Risk and Financial Management 13, no. 10: 236.
The present study aims to determine and evaluate the negative consequences of the implementation of the direct payments financial support mechanism under the Common Agricultural Policy on the rural sustainability of Lithuania. Interviews of experts and a combination of the analytic hierarchy process with three different measurement scales and the analytic hierarchy process with triangular fuzzy numbers were employed in order to evaluate and rank the negative effects of the direct payments mechanism of the Common Agricultural Policy. It was revealed that high land prices, decreasing diversification of cultivated crops, land degradation, and financial indebtedness of farmers can be attributed to direct payments and these consequences have a significant negative impact on the rural sustainability of Lithuania. The necessity of using a combination of different evaluation scales and techniques was confirmed.
Mangirdas Morkunas; Povilas Labukas. The Evaluation of Negative Factors of Direct Payments under Common Agricultural Policy from a Viewpoint of Sustainability of Rural Regions of the New EU Member States: Evidence from Lithuania. Agriculture 2020, 10, 228 .
AMA StyleMangirdas Morkunas, Povilas Labukas. The Evaluation of Negative Factors of Direct Payments under Common Agricultural Policy from a Viewpoint of Sustainability of Rural Regions of the New EU Member States: Evidence from Lithuania. Agriculture. 2020; 10 (6):228.
Chicago/Turabian StyleMangirdas Morkunas; Povilas Labukas. 2020. "The Evaluation of Negative Factors of Direct Payments under Common Agricultural Policy from a Viewpoint of Sustainability of Rural Regions of the New EU Member States: Evidence from Lithuania." Agriculture 10, no. 6: 228.
This paper aims at to identify the differences in the performance of the agricultural sectors in the selected European Union Member States. The research covers 21 countries in the period from 2007–2017. The paper uses data from the Farm Accountancy Data Network (FADN). Three types of sectors were considered: Crop farming (wheat and rapeseed), specialist milk, and specialist cattle. The sector’s performance was measured by calculating the aggregate scores using the VIKOR technique. The panel regression model was also used to estimate and assess the technical and economic determinants of the sector’s performance. The obtained results indicated that the new EU Member States showed higher levels of performance compared to the old Member States. This finding may be attributed to the fact that some of the production factors in the new EU Member States are still under-valued compared to those of the old EU Member States.
Artiom Volkov; Mangirdas Morkunas; Tomas Balezentis; Vaida Šapolaitė. Economic and Environmental Performance of the Agricultural Sectors of the Selected EU Countries. Sustainability 2020, 12, 1210 .
AMA StyleArtiom Volkov, Mangirdas Morkunas, Tomas Balezentis, Vaida Šapolaitė. Economic and Environmental Performance of the Agricultural Sectors of the Selected EU Countries. Sustainability. 2020; 12 (3):1210.
Chicago/Turabian StyleArtiom Volkov; Mangirdas Morkunas; Tomas Balezentis; Vaida Šapolaitė. 2020. "Economic and Environmental Performance of the Agricultural Sectors of the Selected EU Countries." Sustainability 12, no. 3: 1210.
Mangirdas Morkūnas; Artiom Volkov; Aistė Galnaitytė. Government or invisible hand? Who is in charge of retail food prices? Evidence from the Baltics. Journal of International Studies 2019, 12, 147 -157.
AMA StyleMangirdas Morkūnas, Artiom Volkov, Aistė Galnaitytė. Government or invisible hand? Who is in charge of retail food prices? Evidence from the Baltics. Journal of International Studies. 2019; 12 (3):147-157.
Chicago/Turabian StyleMangirdas Morkūnas; Artiom Volkov; Aistė Galnaitytė. 2019. "Government or invisible hand? Who is in charge of retail food prices? Evidence from the Baltics." Journal of International Studies 12, no. 3: 147-157.
Different economic environments differ in their characteristics; this prevents the usage of the same bankruptcy prediction models under different conditions. Objectively, the abundance of bankruptcy prediction models gives rise to the idea that these models are not in compliance with the changing business conditions in the market and do not meet the increasing complexity of business tasks. The purpose of this study is to assess the suitability of existing bankruptcy prediction models and the possibilities to increase the effectiveness of their application. In order to analyze theoretical aspects of the application of bankruptcy forecasting models and frame the research methodology, a systemic comparative and logical analysis of the scientific literature and statistical data, graphic data representation, induction, deduction and abstraction are employed. Results of the analysis confirm research hypotheses that bankruptcy prediction models based on macroeconomic variables are effective in identifying the number of corporate bankruptcies in a country and that the application of the model created on the grounds of macroeconomic indicators together with the traditional bankruptcy prediction model can improve the reliability of bankruptcy prediction. However, it was identified that models which are not specially adapted to companies in the construction sector are also suitable for forecasting their bankruptcies.
Gintare Giriūniene; Lukas Giriūnas; Mangirdas Morkunas; Laura Brucaite. A Comparison on Leading Methodologies for Bankruptcy Prediction: The Case of the Construction Sector in Lithuania. Economies 2019, 7, 82 .
AMA StyleGintare Giriūniene, Lukas Giriūnas, Mangirdas Morkunas, Laura Brucaite. A Comparison on Leading Methodologies for Bankruptcy Prediction: The Case of the Construction Sector in Lithuania. Economies. 2019; 7 (3):82.
Chicago/Turabian StyleGintare Giriūniene; Lukas Giriūnas; Mangirdas Morkunas; Laura Brucaite. 2019. "A Comparison on Leading Methodologies for Bankruptcy Prediction: The Case of the Construction Sector in Lithuania." Economies 7, no. 3: 82.
Creation of a sustainable agricultural sector involves boosting the cooperation activities as these contribute to the societal and economic development of the farms, farmers and rural societies. This paper contributes to the literature on the analysis of the drivers and obstacles of cooperation development in agriculture. The case of Lithuania is considered as the cooperation activities are lagging behind the European Union (EU) practice here. Specifically, analysis of the public support measures and the expert survey are carried out to analyse the effectiveness of the public policy measures as represented in the relevant legal acts. The experts involve policy makers, farmers’ organisations and academia, which are the major stakeholder groups in Lithuania. The results indicate the effectiveness of the measures linked to capacity building (in the sense of human capital) requires improvement, whereas those related to financial support and promotion of the farmers’ organisations are much better perceived. Thus, public support measures are available to promote cooperation in agriculture, yet the legal system of Lithuania still requires improvement in accommodating effective agricultural cooperatives.
Erika Ribašauskienė; Diana Šumylė; Artiom Volkov; Tomas Baležentis; Dalia Streimikiene; Mangirdas Morkunas. Evaluating Public Policy Support for Agricultural Cooperatives. Sustainability 2019, 11, 3769 .
AMA StyleErika Ribašauskienė, Diana Šumylė, Artiom Volkov, Tomas Baležentis, Dalia Streimikiene, Mangirdas Morkunas. Evaluating Public Policy Support for Agricultural Cooperatives. Sustainability. 2019; 11 (14):3769.
Chicago/Turabian StyleErika Ribašauskienė; Diana Šumylė; Artiom Volkov; Tomas Baležentis; Dalia Streimikiene; Mangirdas Morkunas. 2019. "Evaluating Public Policy Support for Agricultural Cooperatives." Sustainability 11, no. 14: 3769.
The European Union (EU) is an integrated alliance of equally treated Member States sharing mutual values, legal principles and markets. Close cooperation, deep integration and convergence are the major priorities for the EU. Anyway, these principles are not always reflected in the EU-wide policies which are implemented through financial support mechanisms. The direct payments financial support mechanism under the Common Agricultural Policy, the main instrument for promoting convergence in development of Member States’ agricultural sectors and rural sustainability, faces critique for failing to meet its objectives. One of the major deficiencies of the direct payments scheme is that it allocates more resources to already developed agricultural sectors of the older Member States and less resources to developing ones thus increasing the divergence among the Member States. The aim of this paper is to suggest new mechanisms for direct payment funds redistribution across the EU Member States which are based on the methodological principles that would more precisely correspond to the aims of convergence, transparency and fair redistribution. The results show that, regardless of the method chosen (to support more or less effective agricultural sectors of EU Member States), the proposed methodology lowers differences in direct payment rates among the EU Member States by two-fold. This ensures correspondence to the goal of convergence within the EU.
Artiom Volkov; Tomas Balezentis; Mangirdas Morkunas; Dalia Streimikiene. In a Search for Equity: Do Direct Payments under the Common Agricultural Policy Induce Convergence in the European Union? Sustainability 2019, 11, 3462 .
AMA StyleArtiom Volkov, Tomas Balezentis, Mangirdas Morkunas, Dalia Streimikiene. In a Search for Equity: Do Direct Payments under the Common Agricultural Policy Induce Convergence in the European Union? Sustainability. 2019; 11 (12):3462.
Chicago/Turabian StyleArtiom Volkov; Tomas Balezentis; Mangirdas Morkunas; Dalia Streimikiene. 2019. "In a Search for Equity: Do Direct Payments under the Common Agricultural Policy Induce Convergence in the European Union?" Sustainability 11, no. 12: 3462.
Atidaromo prekybos objekto įvaizdis yra svarbus mažmeninės prekybos internacionalizaci-jos proceso elementas. Prekybos objekto įvaizdis indikuoja vartotojų pasitenkinimo juo laipsnį. Straipsnio tikslas yra prekybos objekto įvaizdžio elementų identifikavimas ir jų poveikio vartotojų nuostatoms vertinimas. Tyrimo objektas – prekybos kompanijos ir jos objekto įvaizdis. Autoriai ap-klausė Lietuvos vartotojus apie „IKEA“ prekybos centro įvaizdį prieš jo atidarymą Vilniuje ir praė-jus metams po atidarymo. Prekybos objekto įvaizdžio elementai buvo identifikuoti, o tyrimai patvir-tino, jog vartotojai turi savo nuostatą apie prekybos centro „IKEA“ įvaizdį.
Elzė Rudienė; Mangirdas Morkūnas. PREKYBOS OBJEKTO ?VAIZDŽIO, EINANT ? KITOS ŠALIES RINK?, POVEIKIO VARTOTOJ? NUOSTATOMS VERTINIMAS. Management Theory and Studies for Rural Business and Infrastructure Development 2017, 39, 347 -355.
AMA StyleElzė Rudienė, Mangirdas Morkūnas. PREKYBOS OBJEKTO ?VAIZDŽIO, EINANT ? KITOS ŠALIES RINK?, POVEIKIO VARTOTOJ? NUOSTATOMS VERTINIMAS. Management Theory and Studies for Rural Business and Infrastructure Development. 2017; 39 (3):347-355.
Chicago/Turabian StyleElzė Rudienė; Mangirdas Morkūnas. 2017. "PREKYBOS OBJEKTO ?VAIZDŽIO, EINANT ? KITOS ŠALIES RINK?, POVEIKIO VARTOTOJ? NUOSTATOMS VERTINIMAS." Management Theory and Studies for Rural Business and Infrastructure Development 39, no. 3: 347-355.