Ekonomika poljoprivrede
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2018, vol. 65, iss. 3, pp. 1147-1157
The effect of crude oil prices fluctuations on the agricultural producers' performance efficiency
aUniversity of Defence, Military Academy, Belgrade
bUniversity Singidunum, Belgrade
cFaculty 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.
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article language: English
document type: Review Paper
DOI: 10.5937/ekoPolj1803147I
published in SCIndeks: 25/10/2018
peer review method: double-blind
Creative Commons License 4.0