Assessment of the impact of the international trade in agricultural products on the EU economic growth

dc.contributor.authorRemeikiene, Rita
dc.contributor.authorRozsa, Zoltan
dc.contributor.authorGaspareniene, Ligita
dc.date.accessioned2019-03-01T06:55:46Z
dc.date.available2019-03-01T06:55:46Z
dc.date.issued2018
dc.description.abstract-translatedAlthough international trade is an incontestable driver of economic development, scientific literature still lacks the studies to assess the impact of the international trade in agricultural products on the EU economic growth. The agricultural sector is treated as specific in comparison to other economic sectors as the EU subsidisation policies causes distorted competition in both local and global agricultural markets. The main purpose of this article is to assess the impact of the international trade in agricultural products on the economic growth of EU28. The results of the correlation and regression analyses have revealed that the international trade in agricultural products (in particular, section I and III products) contributes only insignificant part, to the economic growth of EU28 through the following indicators: GDP in market prices, self-employment, employment in the agricultural sector, labour force rate, subsidies and other transfers. The results have also disclosed that while analysing the impact of the international trade in agricultural products on economic growth, there is no necessity to research export and import volumes in separate as agricultural export and import show nearly the same (only with insignificant value differences) determinants of economic growth promotion. Another important conclusion is that the international trade in agricultural products mainly comprises the trade in live animals and animal products (meat and edible meat offal, fish and crustaceans, molluscs and other aquatic invertebrates, dairy produce, birds’ eggs, natural honey, edible products of animal origin, not elsewhere specified or included, and products of animal origin, not elsewhere specified or included) as well as animal or vegetable fats and oils and their cleavage products, prepared edible fats, and animal or vegetable waxes.en
dc.format15 s.cs
dc.format.mimetypeapplication/pdf
dc.identifier.citationE+M. Ekonomie a Management = Economics and Management. 2018, roč. 21, č. 4, s. 33-47.cs
dc.identifier.doihttps://dx.doi.org/10.15240/tul/001/2018-4-003
dc.identifier.issn2336-5604 (Online)
dc.identifier.issn1212-3609 (Print)
dc.identifier.urihttp://hdl.handle.net/11025/31099
dc.language.isoenen
dc.publisherTechnická univerzita v Libercics
dc.relation.ispartofseriesE+M. Ekonomie a Management = Economics and Managementcs
dc.rightsCC BY-NC 4.0en
dc.rights.accessopenAccessen
dc.subjectmezinárodní obchodcs
dc.subjectzemědělské produktycs
dc.subjectexportcs
dc.subjectimportcs
dc.subjectEU28cs
dc.subjectekonomický růstcs
dc.subject.translatedinternational tradeen
dc.subject.translatedagricultural productsen
dc.subject.translatedexporten
dc.subject.translatedimporten
dc.subject.translatedEU28en
dc.subject.translatedeconomic growthen
dc.titleAssessment of the impact of the international trade in agricultural products on the EU economic growthen
dc.typečlánekcs
dc.typearticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen

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