Search results

Describes an innovative error compensation method to improve the static positioning accuracy of industrial robots or other servo‐driven manipulation devices. As well as the theoretical formulation, shows experimental results for quantitative estimation and verification of the method. Outlines integration concepts for this error compensation technique within commercial robot controllers.

This article aims to investigate the financial constraints and nonlinearity of farm size growth.

Farm size growth is measured with land, labor and output using data from the Farm Accountancy Data Network (FADN) for Hungary and Slovenia. A dynamic panel model is applied to assess financial constraints and nonlinearity of farm size growth.

Results show that, except for land in Slovenia and output in Hungary, liquidity constraints are less important for farm size growth than endogenous factors based on farm size growth expectations and steady farm size restructuring. Smaller farms are growing faster than larger ones. The hypothesis that a higher level of subsidies would increase farm size is not supported for Hungary. When farms reach a certain size, the land area of the largest farms increases. Farm debts in Hungary are linked with land growth and in Slovenia with output growth.

Further research on the impact of liquidity constraints and subsidies can be conducted at a disaggregate farm-type level to examine whether there is variability in the underlying interlinkages at the farm-type specialization level.

The implication that farm size growth is dependent on initial size and that smaller farms are growing faster than bigger ones indicates that it is not necessary to favor the fastest growing smaller farms thus supports the application of a non-discriminatory farm size policy for observing farm size structural changes.

The dynamic panel econometric model that incorporates cash flow as a measure of financial constraints provides insight into farm size growth in cross-country comparison in relation to potential farm liquidity constraints, farm debt and the nonlinearity of farm size, which information is of relevance to policy makers and practitioners.

IN a classification of the effects which lead to economic success of industries, the ability to successfully innovate the production processes plays a dominant role. The competition in the international markets, influenced by overcapacities in the industrial countries and by growing capacities in the countries on the threshold of industrialisation, makes it necessary to be quick in presenting new products on the market while being able to produce these products in the most efficient way. To realise such consumer‐oriented production, two main conditions have to be fulfilled: