THE EFFECT OF CRUDE OIL PRICES FLUCTUATIONS ON THE AGRICULTURAL PRODUCERS` PERFORMANCE EFFICIENCY

Purpose. The development of agriculture and the security of food supply primarily on the domestic market represent the base of the economic development, and of economic and social stability of a country. Methodology. By using the VaR method, which is the best available risk-measuring technique, the...

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Main Authors: Biljana Ivanova, Ilija Ivanov, Ljiljana Dimitrijević
Format: Article
Language:English
Published: Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt 2018-09-01
Series:Ekonomika Poljoprivrede (1979)
Subjects:
Online Access:https://www.ea.bg.ac.rs/index.php/EA/article/view/889
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author Biljana Ivanova
Ilija Ivanov
Ljiljana Dimitrijević
author_facet Biljana Ivanova
Ilija Ivanov
Ljiljana Dimitrijević
author_sort Biljana Ivanova
collection DOAJ
description Purpose. The development of agriculture and the security of food supply primarily on the domestic market represent the base of the economic development, and of economic and social stability of a country. Methodology. By using the VaR method, which is the best available risk-measuring technique, the crude oil price fluctuations will be followed in a designated period, in order to understand its influence on the creation of the business policy of agricultural producers. Results. A significant support for the development of agriculture is provided by the leading companies in the crude oil and oil derivatives industry. Conclusions. The aim of the current study is to comprehend the level of influence of crude oil prices as a global economic factor on the behavior of agricultural producers.
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publishDate 2018-09-01
publisher Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
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spelling doaj.art-439b662fe15a49989e0fb7204073ebfb2023-05-17T16:57:19ZengNaučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, BukureštEkonomika Poljoprivrede (1979)0352-34622334-84532018-09-0165310.5937/ekoPolj1803147ITHE EFFECT OF CRUDE OIL PRICES FLUCTUATIONS ON THE AGRICULTURAL PRODUCERS` PERFORMANCE EFFICIENCYBiljana Ivanova0Ilija Ivanov1Ljiljana Dimitrijević2Military Academy, University of Defence, BelgradeSingidunum University, BelgradeFaculty of Business Economics and Entrepreneurship, Belgrade Purpose. The development of agriculture and the security of food supply primarily on the domestic market represent the base of the economic development, and of economic and social stability of a country. Methodology. By using the VaR method, which is the best available risk-measuring technique, the crude oil price fluctuations will be followed in a designated period, in order to understand its influence on the creation of the business policy of agricultural producers. Results. A significant support for the development of agriculture is provided by the leading companies in the crude oil and oil derivatives industry. Conclusions. The aim of the current study is to comprehend the level of influence of crude oil prices as a global economic factor on the behavior of agricultural producers. https://www.ea.bg.ac.rs/index.php/EA/article/view/889crude oilpricesagricultural producersVaR method
spellingShingle Biljana Ivanova
Ilija Ivanov
Ljiljana Dimitrijević
THE EFFECT OF CRUDE OIL PRICES FLUCTUATIONS ON THE AGRICULTURAL PRODUCERS` PERFORMANCE EFFICIENCY
Ekonomika Poljoprivrede (1979)
crude oil
prices
agricultural producers
VaR method
title THE EFFECT OF CRUDE OIL PRICES FLUCTUATIONS ON THE AGRICULTURAL PRODUCERS` PERFORMANCE EFFICIENCY
title_full THE EFFECT OF CRUDE OIL PRICES FLUCTUATIONS ON THE AGRICULTURAL PRODUCERS` PERFORMANCE EFFICIENCY
title_fullStr THE EFFECT OF CRUDE OIL PRICES FLUCTUATIONS ON THE AGRICULTURAL PRODUCERS` PERFORMANCE EFFICIENCY
title_full_unstemmed THE EFFECT OF CRUDE OIL PRICES FLUCTUATIONS ON THE AGRICULTURAL PRODUCERS` PERFORMANCE EFFICIENCY
title_short THE EFFECT OF CRUDE OIL PRICES FLUCTUATIONS ON THE AGRICULTURAL PRODUCERS` PERFORMANCE EFFICIENCY
title_sort effect of crude oil prices fluctuations on the agricultural producers performance efficiency
topic crude oil
prices
agricultural producers
VaR method
url https://www.ea.bg.ac.rs/index.php/EA/article/view/889
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