eng Faculty of Economics and Management of the Slovak Agricultural University in Nitra and the Association of Agricultural Economists in Slovakia Review of Agricultural and Applied Economics 1336-9261 2014-03-30 17 1 3 11 10.15414/raae.2014.17.01.03-11 375-1 article Kushtrim Braha Artan Qineti Ján Pokrivčák Sadudin Ibraimi Governing the process of economic transformation is one of the most prominent issues arising since the fall of the Iron Curtain. After the successful transition model of the Central and Eastern European countries and their EU accession, the main anchors of the EU enlargement are directed into the South Eastern part of the continent. Most obviously, the EU enlargement is entering into the new phase of its expansion. In this paper we evaluate the state of transformation in the agricultural sector of the potential EU members comprising countries constituting the South Eastern Europe (the Western Balkans), and Turkey. We analyze whether the significant transitional changes occurred in the agricultural sector in observed countries. The main areas of our interest involve the comparative analysis of the state of economic transformation and the income convergence, the economic importance of agriculture in the potential EU Members, impact of economic transformation on the agricultural assets, agricultural policy implications, investigation of consumption patterns and poverty prevalence. https://roaae.org/wp-content/uploads/2014/11/RAAE_1_2014_Braha_Qineti.pdf EU enlargement economic transformation agricultural sector eng Faculty of Economics and Management of the Slovak Agricultural University in Nitra and the Association of Agricultural Economists in Slovakia Review of Agricultural and Applied Economics 1336-9261 2014-03-30 17 1 12 23 10.15414/raae.2014.17.01.12-23 375-1 article Jarko Fidrmuc Andreas Wörgötter Slovakia joined the euro area after a period of unprecedented real appreciation. The response to financial crisis combined internal devaluation with productivity increasing measures, including capital deepening in the banking sector. Although this strategy was successfully restoring an external equilibrium, the economy experienced a strong but short recession in 2009 which was driven by credit reductions. This development is compared with Estonia and Slovenia, two other small and very open economies, recently entering the euro area. The financial crisis reduced the financial integration gains in new euro member states in Central and Eastern Europe. https://roaae.org/wp-content/uploads/2014/11/RAAE_1_2014_Fidrmuc_Worgotter.pdf euro adoption CEECs crisis foreign banks credit crunch liquidity shortage eng Faculty of Economics and Management of the Slovak Agricultural University in Nitra and the Association of Agricultural Economists in Slovakia Review of Agricultural and Applied Economics 1336-9261 2014-03-30 17 1 24 30 10.15414/raae.2014.17.01.24-30 375-1 article Robert Joerin This paper analyses the conversion of TRQs into single tariffs under perfect and imperfect competition. Based on experiences from Switzerland, auctions allow the determination of the equivalent tariffs. Results from auctions of TRQs of dried meat products under perfect competition show that the observed auction prices would lead to tariffs which are below the equivalent tariffs. Hence, if the ‘new tariffs’ would be determined through auctions, market access would be improved, but also farm prices would lower. However, under imperfect competition, based on Bhagwati’s theorem of the non-equivalence of tariffs and quotas, market access could be improved by converting TRQs into single tariffs even if farm prices are held constant. In order to ensure that auctions are competitive and collusion among bidders is prevented, the ‘variable supply’ auction format which re¬sists collusion needs to be adopted in the event of high buyer’s concentration. Despite the various benefits of auctions, quota holders’ persisting rent-seeking behaviour hinders that auctions are mainstreamed in allocating TRQs. https://roaae.org/wp-content/uploads/2014/11/RAAE_1_2014_Joerin.pdf tariff-rate quotas imperfect competition auctions WTO eng Faculty of Economics and Management of the Slovak Agricultural University in Nitra and the Association of Agricultural Economists in Slovakia Review of Agricultural and Applied Economics 1336-9261 2014-03-30 17 1 31 34 10.15414/raae.2014.17.01.31-34 375-1 article Marián Tóth Drahoslav Lančarič Andrea Piterková Radovan Savov Tomáš Rábek In this paper we estimate systematic risk of the Slovak unquoted agricultural farms – agricultural cooperatives and companies, in the period of 2009-2012. An alternative Markowitz portfolio theory approach was applied. As a measure of the systematic risk, we used return on equity (ROE). Based on the dataset of 996 farms over years 2009-2012, the Slovak farm average ROE reached 0.048% and systematic risk 3%. The Slovak agricultural farms displayed low profitability. The average ROE was higher and systematic risk indicator was lower for agricultural companies than for agricultural production cooperatives. Thus the agricultural companies could be more attractive for investors. https://roaae.org/wp-content/uploads/2014/11/RAAE_01_2014_Toth_et_al.pdf systematic risk unquoted agricultural farms return on equity