Tag: Q17

TERRITORIAL DISTRIBUTION OF LAND RESOURCE POTENTIAL OF AGRICULTURAL USE IN WORLD COUNTRIES

Natalia TRUSOVA

Professor, Department of Business Consulting and International Tourism, Dmytro Motornyi Tavria State Agrotechnological University

nv.trusova6607@tanu.pro

Sergey KALCHENKO

Professor, Department of Business Consulting and International Tourism, Dmytro Motornyi Tavria State Agrotechnological University

skalchenko@uoa.com.nl

Nataliia POCHERNINA

Associate Professor, Department of Business Consulting and International Tourism, Dmytro Motornyi Tavria State Agrotechnological University

natali.pochernina@uoa.com.nl

Oleg KRAVETS

Associate Professor, Department of Management, Dmytro Motornyi Tavria State Agrotechnological University

ov.kravets@lund-univer.eu

Yurii HURBYK

Associate Professor, Department of Economics and Hotel and Restaurant Business, Bogdan Khmelnitsky Melitopol State Pedagogical University

prof.hurbyk@nanyang-uni.com

Abstract

The article considers the territorial distribution of agricultural land and resource potential. From the standpoint of implementing the integrated value of the ecological and economic component of land resources, a methodological approach to the monetary valuation of agricultural land as one of the regulatory tools of territorial distribution of land in the world. The systematic approach to the formation of market turnover of agricultural lands and the formation of land resource potential of agricultural enterprises is substantiated. Indicators for assessing the land resource potential of agricultural use from the standpoint of the development of land relations in agriculture are presented. The method of normative monetary valuation of a separate agricultural land plot has been modified by changing its estimated value by an integrated indicator. The indicators for assessing the efficiency of land use are systematized. The territorial distribution of the main categories of lands in the world is analyzed. The share of arable land suitable for growing crop products in the world is determined. The dynamics of agricultural land areas by regions of the world and their reserve volume suitable for the development in the world are given. The ecological and agrochemical condition of the wholesale coverage of agricultural lands in Ukraine and in the natural and climatic zones of Polissya, Forest-Steppe and Steppe has been determined. The value of agricultural land in Europe and Ukraine is estimated.

Keywords: agricultural lands, agricultural production, monetary valuation of land plots, crop products, ecology.

JEL classification: Q12, Q13, Q16, Q17

 pp. 257-276

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DOES INDONESIA AS THE WORLD LARGEST PALM OIL PRODUCING COUNTRY DETERMINE THE WORLD CRUDE PALM OIL PRICE VOLATILITY?

M. Shabri Abd. MAJID*

Senior Lecturer, Faculty of Economics and Business, Universitas Syiah Kuala, Indonesia.

mshabri@unsyiah.ac.id

*Corresponding author

Sofyan SYAHNUR

Senior Lecturer, Faculty of Economics and Business, Universitas Syiah Kuala, Indonesia

kabari_sofyan@unsyiah.ac.id

Abstract

This study contributes to the existing literature on the current phenomena of a higher level of world palm oil volatility by exploring the bivariate causal relationship between Indonesian and Malaysian CPO exports, the world crude and soybean oils, exchange rate, and the world CPO price volatility using the bivariate Granger causality analysis. It also attempts to explore the extent to which shocks in these variables influenced the world CPO price volatility using the impulse response functions and variance decomposition analyses over the period from January 2008 to December 2017. The study found that the world CPO price volatility is mainly Granger-caused by the changes in the real exchange rate. The Indonesian CPO export only found to have a bidirectional Granger causal relationship with the Malaysian CPO export, while the Malaysian CPO exports are Granger-caused by the world CPO price volatility, world crude oil price, and world soybean oil price. Our findings suggested that macroeconomic policy harmonization on the CPO price and production as well as exchange rate policy should be innovatively designed between Indonesia and Malaysia through the existing Council of Palm Oil Producing Countries (CPOPC) if these counties intend to gain more revenue from their CPO exports in the future.

Keywords: Dynamic causality, World CPO price volatility, World commodity markets, Macroeconomic policy harmonization, International CPO trade

JEL classification: C53, F42, L13, Q17, Q37
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