ASSESSING A LEVEL OF INFLUENCE INDICATORS OF AGRICULTURAL PRODUCTION AND HUMAN RESOURCES FOR AGRICULTURAL SECTOR

Abstract

The effects of key factors of agricultural production and human capacity on the effectiveness of the agricultural sector were assessed. The choice of factors influencing sustainability and efficiency of agricultural production was substantiated. The multiple correlation and regression analysis of data from 43 municipalities of the Republic of Tatarstan for 5 years was carried out. Strong relationship between the factor indicators selected and the effective basis was found as evidenced by the coefficient of multiple correlations equal to 75.7 per cent. To expand possibilities of the economic analysis, the elasticity coefficients for each factor indicator were calculated. It is shown that the efficiency of the agricultural sector is greatly influenced by the indicator of personnel potential. In particular, the 1 per cent increase in average monthly wages of workers results in increasing gross product costs by 0.86 per cent. The indicators of agricultural production have a significant impact on the efficiency of the industry as well. The increases in harvesting areas and energy capacities by 1 per cent result in increasing gross product costs by 0.58 and 0.42 per cent, respectively. The results obtained could be used in strategic and on-line planning of agricultural production.