This paper aims to investigate the locational determinants of the craft beer industry in Budapest, Hungary, between 2009 and 2022.
Abstract
Purpose
This paper aims to investigate the locational determinants of the craft beer industry in Budapest, Hungary, between 2009 and 2022.
Design/methodology/approach
The authors use various count data models to determine the relationship between the number of microbreweries and locational factors.
Findings
The authors find that demand and supply-side factors, including income, unemployment, level of education, population density and the number of local businesses, affect the number of craft breweries. Whilst agglomeration effects proxied by breweries per capita in a district have a positive coefficient, the number of breweries in neighbouring districts is not significant. In addition, the authors do not observe any negative impact of COVID-19-related restrictions. The picture of a still-evolving, resilient craft beer sector emerges from our analysis.
Originality/value
To the best of the authors’ knowledge, this is one of the first specific studies on the craft beer sector in the Central and Eastern European region and the first to evaluate the location choices of craft breweries in Hungary within a municipality using an up-to-date data set. The authors’ analysis covers 14 years, from the early stages of craft brewery proliferation in Budapest until 2022, testing several hypotheses with respect to the location choices of these businesses.
Details
Keywords
Lajos Zoltán Bakucs, Imre Fertő and Gábor G. Szabó
The purpose of this paper is to analyse farmers' contracting choice in the Hungarian milk sector, employing transaction cost economics framework.
Abstract
Purpose
The purpose of this paper is to analyse farmers' contracting choice in the Hungarian milk sector, employing transaction cost economics framework.
Design/methodology/approach
The authors focus on some key determinants of farmers' contracting choices using milk producer survey data. Different semi parametric and semi non parametric discrete choice models are applied to investigate the type of contracts, duration, number of contractors, incentives provided in the contract and business history of farmers and buyers.
Findings
Main results confirm that contract‐specific investment is a strong predictor explaining contract choice and contract design. Although trust is an important factor, the authors' estimations however report some counterintuitive results. Farm size is also significantly associated with contracts and contractual arrangements. Vulnerability to opportunistic behaviour also depends on partner change switching costs and farmers' bargaining power.
Originality/value
This is a recent study that investigates the role of contracts between producers and processors, significantly contributing to the limited literature on contractual relationships in transition agricultures.