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

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dc.contributor.authorRemeikiene, Rita
dc.contributor.authorRozsa, Zoltan
dc.contributor.authorGaspareniene, Ligita
dc.contributor.authorPěnčík, Jan
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2018-12-06
dc.date.accessioned2018-12-17T08:24:08Z
dc.date.available2018-12-17T08:24:08Z
dc.description.abstractAlthough 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.formattext
dc.format.extent15 strancs
dc.identifier.doi10.15240/tul/001/2018-4-003
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.orcid0000-0002-3369-485X Remeikiene, Rita
dc.identifier.orcid0000-0002-3699-6669 Rozsa, Zoltan
dc.identifier.orcid0000-0002-5535-6552 Gaspareniene, Ligita
dc.identifier.urihttps://dspace.tul.cz/handle/15240/124744
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectinternational trade in agricultural productsen
dc.subjectexporten
dc.subjectimport| EU28en
dc.subjecteconomic growthen
dc.subject.classificationQ17
dc.subject.classificationF13
dc.subject.classificationF63
dc.titleAssessment of the impact of the international trade in agricultural products on the EU economic growthen
dc.typeArticleen
local.accessopen
local.citation.epage47
local.citation.spage33
local.facultyFaculty of Economics
local.filenameEM_4_2018_03
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue4
local.relation.volume21
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