A Multi-criteria approach for assessing the economic resilience of agriculture: the case of Lithuania
LTReikšminiai žodžiai: Ekonominis atsparumas; Žemės ūkis; Ūkio efektyvumas; Economic resilience; Agriculture; Farm viability.
ENThis study presents an innovative approach to measuring economic resilience at a sectoral level. The notion of economic resilience is explored through the lens of levels of resilience of the main functions of a researched economic sector. The overall level of sectoral economic resilience is seen as a weighted sum of resilience indexes related to its main economic functions. Such a comprehensive approach is universal, as it allows to measure economic resilience of various economic sectors. For the empirical application, the agricultural sector of Lithuania was selected for analysis of resilience. The results revealed that the overall level of resilience declined in Lithuanian agricultural sector during 2012–2019. Such a persistent trend may pose an increasing risk for food security in Lithuania in the future. The most evident negative changes in the economic resilience levels are observed in terms of economic viability of farms. The most robust levels of economic resilience are indicated in the sense of ability to provide local food at affordable prices. [From the publication]
- Government or invisible hand? Who is in charge of retail food prices? Evidence from the Baltics / Mangirdas Morkūnas, Artiom Volkov, Aistė Galnaitytė. Journal of international studies. 2019, 12, 3, p. 147-157.
- Policies for rapid mitigation of the crisis’ effects on agricultural supply chains: a multi-criteria decision support system with Monte Carlo simulation / Tomas Baležentis, Mangirdas Morkūnas, Agnė Žičkienė, Artiom Volkov, Erika Ribašauskienė, Dalia Štreimikienė. Sustainability (Basel). 2021, 13, 11899.
- The Evaluation of negative factors of direct payments under Common Agricultural Policy from a viewpoint of sustainability of rural regions of the new EU member states: evidence from Lithuania / Mangirdas Morkunas, Povilas Labukas. Agriculture. 2020, 10, 228, p. 1-14.
- Who benefits from CAP? The way the direct payments system impacts socioeconomic sustainability of small farms / Artiom Volkov, Tomas Balezentis, Mangirdas Morkunas, Dalia Streimikiene. Sustainability (Basel). 2019, 11, 2112.
