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Outcome of foreing investment on labor productivity in agriculture sectpor of Ukraine

Authors :
Viktoriya Onegina
Nikolay Megits
Vitalina Antoshchenkova
Oleksandr Boblovskyi
Source :
Journal of Eastern European and Central Asian Research, Vol 7, Iss 1 (2020)
Publication Year :
2020
Publisher :
IEECA, 2020.

Abstract

Ukraine's agricultural sector accounts for 17% of the country's GDP and is continuously growing. For six consecutive years (2013-2018), Ukraine harvested over 60 million tons of grain annually, and 2018 export of ag commodities reached $18.6 billion. (State, 2020). The anticipated land reform envisions lifting the moratorium on the agricultural land sale, which should encourage capital investments in ag. The article analyzes the trends of investment opportunities in the Ukrainian ag sector for the last decade. The regression analysis of labor productivity with variables of fixed capital-worker ratio and yield of grain confirmed that the function of labor productivity depended on the value of fixed capital per worker. As the U.S. investment in ag machinery export to Ukraine plays a significant role, we evaluated its effect on the current level of labor productivity in the Ukrainian agribusiness, comparing it with the U.S. farming outcome.

Details

Language :
English
ISSN :
23288272 and 23288280
Volume :
7
Issue :
1
Database :
Directory of Open Access Journals
Journal :
Journal of Eastern European and Central Asian Research
Publication Type :
Academic Journal
Accession number :
edsdoj.36ae1a657ee7486f95e94c5fe426dc26
Document Type :
article
Full Text :
https://doi.org/10.15549/jeecar.v7i1.355