Search
Search Results
-
Slovenian economy in the grip of credit crisis – How to proceed?
19-25Views:304The Slovenian economy has been through steep ups and downs post-EU accession (2004), and is at the crossroads again. The period 2004–2008 was characterized by balanced monetary and fiscal policies resulting in the adoption of the Euro (2007), coupled with overheated economic growth and propelling corporate indebtedness, fuelled by rapid credit expansion from cheap and abundant foreign funding.
The global financial crisis has exposed the “home-grown” vulnerability of the Slovenian economy, bringing about the second largest GDP fall (9.4%) in the Eurozone after Greece, with a double-dip recession (2009, 2012–13). Growth rebounced in 2014 to 2.6% from its low, but the competitiveness of the Slovenian economy continued to slide in international rankings. For further recovery Slovenia, squeezed by high public debt at 82% of GDP, credit contraction despite EUR 5bn state aid injected into the 70% domestically (basically state) owned banking sector, and the continued threat of massive bankruptcy and debt overhang in the corporate sector, has 3 fundamentally different policy options.
− Profound restructuring of the banking system and the real sector, on the basis of earnest privatization and voluminous FDI inflow.
− Slow creditless recovery due to half-hearted reforms in the financial system and corporate sector.
− Substituting wide-ranging micro level restructuring with Government-stimulated credit expansion, reproducing current tensions in even higher magnitudes in the future.
In the current state of the Slovenian economy, equity-led growth, combined with far-reaching institutional reforms seems the only choice in laying the foundation for long-term sustainable economic development. This study outlines the critical further steps in re-invigorating the financial system, utilizing also the proposals elaborated by the author and his banking team for the Slovenian macro policy decision-makers.
-
Spent mushroom compost (SMC) – retrieved added value product closing loop in agricultural production
185-202Views:1630Worldwide edible mushroom production on agro-industrial residues comprises of more than 11 million tons of fresh mushrooms per year. For 1 kg of mushrooms there is 5 kg of spent mushroom compost (SMC). This enormous amount of waste results in disposal problems. However, SMC is a waste product of the mushroom industry, which contains mycelium and high levels of remnant nutrients such as organic substances (N, P, K). The spent mushroom compost is usually intended for utilization, but there are increasing numbers of experiments focusing on its reuse in agricultural and horticultural production. Recently, the increase of the global environmental consciousness and stringent legislation have focused research towards the application of sustainable and circular processes. Innovative and environmentally friendly systems of utilisation of waste streams have increased interest of the scientific community. Circular economy implies that agricultural waste will be the source for retrieving high value-added compounds. The goal of the present work was to carry out a bibliographic review of the different scenarios, regarding the exploitation of this low cost feedstock with huge potential for valorisation.
-
The impact of employment and income circumstances on the development of regions
15-19Views:678The economic condition of an area is fundamentally determined by the extent of employement, as well as the size and composition of its active population. No sustainable economic growth is possible without the necessary amount of employees with the proper skills.
As regards the proportion of employees, i.e. economically active people is significanlty lower in Hungary than not only in Western Europe, but also countries which joined the EU recently. One of the reasons for this fact is the low amount of part-time employment and the other is the phenomenon that the number of agricultural employees – who had a significant role – greatly decreased in the county.
The employment level of the population in the county is nearly identical as that of the North Great Plain region and it is lower than the country average. The activity proportion, i.e. the joint proportion of employees and unemployed people in the population between 15–74 years of age is 3 percentages lower than the country average. The proportion of unemployed people greatly varies depending on the small regions of the county. The proportion of registered unemployed people in the population of active age is the lowest in Debrecen and the highest in the Hajdúhadház small region. The unemployment of career-starters is a further problem to deal with.
The composition of employees in the county is different than the country average. When compared in terms of different economic sectors, it can be observed that agriculture, game management, forestry and fishery are more significant than the country average. Of the provider sectors, the proportion of financial activity, real estate matters and economic services is lower, while that of accommodation services and hospitality is higher than the country average.
There are regional differences similar to unemployment in terms of the income size which is the basis of personal income tax per taxpayer.
The income level in the North Great Plain region is lower than the country average mainly in terms of income paid for work, where this difference is 23%, while it is only 5% in the case of social income. Altogether, the income and expenditure data of the North Great Plain region are not favourable. -
Possibilities of ecological farming in the North Great Plain Region
69-71Views:223Agriculture plays a significant role in the North Great Plain Region. Organic farming is a sustainable farming method controlled by regulations. Active environmental protection and conservation play significant roles in organic farming, along with food quality and safety, originality and the monitoring of products. Organic farming offers opportunities to create employment, social safety and high profitability. As a result of these characteristics, organic farming could become one of the most important means of developing our region in the future.
-
The examination of human resources in the Hódmezővásárhely micro-region on the basis of human resource hierarchy
91-110Views:220In this paper, I deal with the examination of the situation and change of human resources through the human resource hierarchy. My research covers the Hódmezővásárhely micro-region, which includes four settlements, two towns (Hódmezővásárhely as the centre of the area and Mindszent) and two villages (Mártély and Székkutas). Based on population density the micro-region is qualified as a rural territory, which is underpinned by the micro-region’s market town and homestead like character.
I took the human resource system of Cloke and Park (1985) published in their book of Rural Resource Management as a basis of my examination and I pursued my research in consideration of Fehér’s (2005) researches related to rural economy. The system of human resources provided a hierarchical and logical framework for my examination. In the course of the research I made analyses along the three levels of human resources concerning the micro-region and its settlements.
During the examination of the human resources of the Hódmezővásárhely micro-region I pointed out some negative changes and situations which unfavourably influence the socio-economic processes of the territory and its settlements. All this reveal that the human resources are not only factors of the economy of the micro-region as a rural economy but at the same time they are areas to be developed. The living standard (welfare) of the people living in the area and their quality of life (well-being) depend on the development and level of the different dimensions of the human resources largely. For that very reason there is a need for coordinated development of the human resources and the related fields with respect to the cause-effect relations.
My research contributes to the better cognition of rural resources of the Hódmezővásárhely micro-region, without this a rational improvement and sustainable development of the micro-region and its settlements based on inner resources cannot be imagined. -
Examination of the Effect of Cropyear on the Yield Potential and Yield Stability of Winter Wheat Varieties
62-67Views:536Variety selection is one of the most important, determinative elements of sustainable winter wheat production. Yield potential, and yield stability are the most important elements in the variety selection of winter wheat, but baking quality parameters play an important role, too.
Several winter wheat varieties were tested for yield and yield stability on chernozem soil in the Hajdúság (in the eastern part of Hungary), in the 2001-2002-2003-2004 cropyears. The management factors were the same for all cropyears. 15 varieties in early the maturity group, 14 varieties in the middle maturity group and 4 varieties in the late maturity group were tested in the above mentioned cropyears. The climatic conditions were average in 2001, dry in 2002, extremely dry in 2003, and very favourable in 2004.
We obtained 5298-6183 kgha-1 yield from early maturity varieties, 5683-6495 kgha-1 from middle, 5694-6031 kgha-1 from late ones in the average of four years. The cropyears had strong influence on the yields, even on chernozem soil, and were characterized by excellent water – and nutrient – husbandry. Averaging of cropyears and genotypes, we obtained 6984 kgha-1 in 2001 (average cropyear), 5452 kgha-1 in 2002 (dry cropyear), 3120 kgha-1 in 2003 (extremely dry cropyear) and 8400 kgha-1 in 2004 (optimum cropyear), respectively. The yield differences between the minimum and maximum yields were 885 kgha-1 in early varieties, 812 kgha-1 in middle and 337 kgha-1 in late maturity varieties, respectively. The varieties characterized by high yield potential and the varieties characterized by good yield stability were different, so in variety selection we have to take both genetic traits into consideration. There were positive, significant correlations among the yields of winter wheat varieties (early, middle, late), the temperature of spring months. (March-April), and the rainfall of spring months (March-April) (R2=0,703**-0,768** and R2=0,681**-0,749**, respectively). We found a high negative correlation between the temperature of early summer months (May-June) and the yields of wheat varieties (R2= -0,856**- -0,918**).
According to the results of our experiment, it is very important to harmonize yield potential and yield stability in the variety selection of winter wheat. -
Environmental industry and regional policy in Hungary
157-159Views:205The paper attemps to define environmental industry. The author has searched the history and background of the rapid development of this process. The study analyses the present and future regional development potential of environmental industry in Hungary.
-
Examination the effects of different herbicides on the soil microorganisms of a calcareous chernozem
121-126Views:277Pesticides play a key role in fighting weeds, pests and parasitic fungi. According to surveys, pests reduce the yield of agricultural crops by 35% worldwide. Pests, fungi and weeds account for 14%, 12% and 9% yield loss, respectively (Gáborjányi et al., 1995). Chemicals have contributed to increasing and maintaining the yields of crop production for decades. Today, agricultural production (in spite of many efforts) is unthinkable without the use of pesticides (herbicides, insecticides and fungicides). On the other hand, these chemicals contribute to the pollution of the atmosphere, surface and underground waters, and agricultural soils, especially if they are applied improperly.
The sustainable agricultural production pays attention to environment-friendly cultivation-technologies; but at the same time it makes an effort to produce good quality and economical products. The examination of the herbicides’ secondary effects, fits into this chain of idas namely, how the herbicides affect – stimulating or inhibiting – the soil microbiological processes, prevention of soil fertility.
In the course of the experimental work the effect of herbicides on soil biological properties were examined in different maize (Zea mays) cultures. We wanted wished to know that how the herbicides affect the quantity change of soil microorganisms, the life of different physiological groups of bacteria and the activity of microorganisms. A small pot experiment was set up in 2008 with the application of two herbicides - Acenit A 880 EC and Merlin 480 SC – in the breeding house of the Department. The moisture content and nutrient supply were at optimal level in the experiment.
On the basis of results the following can be stated:
1. It can be stated that the two herbicides and all their doses affected negatively the number of total soil bacteria, the
inhibiting effects were significant. The quantity of microscopical fungi increased by the effect of Merlin 480 SC and decreased in the treatments of Acenit A 880 EC.
2. The Acenit A 880 EC had stimulating effect on the nitrate mobilization. The CO2-production was stimulated by the basic doses of herbicides; the other treatments did not influence the CO2-production significantly.
3. The quantity of microbial biomass-carbon –except for only one treatment- decreased significantly by the effect of herbicides. Besides it, the quantity of microbial biomass-nitrogen increased significantly in the treatments of Acenit A 880 EC.
4. The biomass of test plant decreased in the treatments of herbicides, their quantities were smaller than in the control. In the pots treated by Merlin 480 SC, parallel with the increase of doses decreased the quantity of plant-biomass. -
The management and economical aspects of GPS based machine-control and tractor-implement sincronisation
161-167Views:323Precision farming has an array of technological equipment, elements and complete systems which are in themselves suitable to create conditions for efficient farming, to reduce environmental load and to provide farmers with optimal return on their investment.
On the leading edge of my research is to introduce the economic benefits of precision logistic optimization with satellite navigation in wheat and maize harvesting. My hypothesis, claiming that a well-organized system can increase the number of working days by 4 days per harvesting season in maize, and 2 days in wheat crop. If the farmer makes contract works for harvesting it means for him 2 or 4 days extra work by using the precision farming technologies with satellite communication system. Overall, as pertains to wheat and maize harvest seasons, yearly revenues can be increased by 7 760 000 HUF. I would like to introduce that the precision technologies increase combine costs by merely 5.4% which can be return in the first year of using.
-
Comparative analysis in residential property price level and price dynamics in urban and rural areas of Hajdú-Bihar County
85-90Views:250In modern market economies residential real estate prices, price shifts and their correlations with macroeconomic factors are surveyed quite frequently. However, in contrast with the wide scope of foreign examples, so far existing analyses in Hungary have ignored examining relation and extensity of macroeconomic indicators and failed to examine their effect on real estate pricing. The scope of this survey is to highlight these potential correlations and thus develop new aspects of analysis. Although the examination needs further extension both in time and space, the results of this survey may help to understand the importance of the responsible management of the most precious element of national wealth from the perspective of sustainable rural development.
Based on my preliminary results, there exists a strong correlation between the number of inhabitants of a settlement and the average real estate prices. Nevertheless, the correlation seems to be significant only for cities. In the case of smaller settlements the correlation still exists but at a lower level. As opposed to the results of former publications and my own expectations, no direct link could be tackled between the amount of income tax paid by private individuals and real estate prices either in the cities or in the villages within the territory and time span examined in my analysis. Although this correlation is measurable on a macro-economic level, my micro-regional analyses revealed the complexity of asset pricing and price volatility. Continuing this survey, my goal is to identify the hidden factors influencing real estate prices, whose thorough mapping may promote conscious rural development.