Publication detail

ASSESSMENT OF THE IMPACT OF THE INTERNATIONAL TRADE IN AGRICULTURAL PRODUCTS ON THE EU ECONOMIC GROWTH

REMEIKIENE, R. ROZSA, Z. GASPARENIENE, L. PĚNČÍK, J.

Original Title

ASSESSMENT OF THE IMPACT OF THE INTERNATIONAL TRADE IN AGRICULTURAL PRODUCTS ON THE EU ECONOMIC GROWTH

Type

journal article in Web of Science

Language

English

Original Abstract

Although 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.

Keywords

International trade in agricultural products; export; import; EU28; economic growth

Authors

REMEIKIENE, R.; ROZSA, Z.; GASPARENIENE, L.; PĚNČÍK, J.

Released

2. 4. 2018

Publisher

TECHNICKA UNIV & LIBERCI

Location

LIBEREC 1

ISBN

1212-3609

Periodical

E a M: Ekonomie a Management

Year of study

21

Number

4

State

Czech Republic

Pages from

33

Pages to

47

Pages count

15

URL

https://dspace.tul.cz/bitstream/handle/15240/124744/EM_4_2018_03.pdf

BibTex

@article{BUT163501,
  author="Rita {Remeikiene} and Zoltan {Rozsa} and Ligita {Gaspareniene} and Jan {Pěnčík}",
  title="ASSESSMENT OF THE IMPACT OF THE INTERNATIONAL TRADE IN AGRICULTURAL PRODUCTS ON THE EU ECONOMIC GROWTH",
  journal="E a M: Ekonomie a Management",
  year="2018",
  volume="21",
  number="4",
  pages="33--47",
  doi="10.15240/tul/001/2018-4-003",
  issn="1212-3609",
  url="https://dspace.tul.cz/bitstream/handle/15240/124744/EM_4_2018_03.pdf"
}