Naslov
Cost Function and Cost Efficiency in Croatian Agriculture

Autori
Herceg, Tomislav ; Galetić, Fran ; Vuksanović Iva

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Skup
Proceedings of the 5th International OFEL Conference on Governance, Management and Entrepreneurship

Mjesto i datum
Dubrovnik, Hrvatska, 07.04.2017. - 08.04.2017

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Conditional demand for inputs, Cost function, Croatian agriculture, Efficiency

Sažetak
In this paper Croatian agriculture is analyzed on a company level. Based on the microeconomic theory a theoretical cost function is deducted from Cobb-Douglas production function. The empirical microeconomic analysis will be used to determine the efficiency of each subsector of Croatian agriculture which would make the basis for deduction of the minimum cost function. Afterwards, an empirical econometric analysis was made to determine how far is the actual cost function from the optimal cost function. These findings will enable showing how profitability in Croatian agriculture could be improved using quality cost management. Dataset contains all Croatian companies in agriculture, forestry and fishing from 2008 – 2014 with 301 data series by FINA.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA