Justification of Promising Areas of Development and State Support of Agricultural Industry Using the Cobb-Douglas Model

DOI

10.2991/aebmr.k.200729.087How to use a DOI?

Keywords

agro-industrial complex, agriculture, Cobb-Douglas model, production function, Kursk region, government support, government regulation

Abstract

The agricultural industry of many countries is traditionally supported by government in order to ensure food security and maintain good public health. According to the authors of the article, state support is often provided without a formal statistical assessment of the consequences of such investments, without counting and justification of the increase in output in the subsidized industry due to state support. The authors constructed a model of the production function, which can be used to predict the development of agriculture, and assess the increase in output as a result of state support. In addition, this model can be used to forecast output in the context of a demographic reduction of workers involved in agriculture.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - D.I. Zhilyakov
AU  - V.G. Zaretskaya
PY  - 2020
DA  - 2020/07/30
TI  - Justification of Promising Areas of Development and State Support of Agricultural Industry Using the Cobb-Douglas Model
BT  - Proceedings of the International Conference on Policies and Economics Measures for Agricultural Development (AgroDevEco 2020)
PB  - Atlantis Press
SP  - 469
EP  - 473
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200729.087
DO  - 10.2991/aebmr.k.200729.087
ID  - Zhilyakov2020
ER  -