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The analysis of individual Visegrad group members' agrarian export sensitivity in relation to selected macroeconomic aggregations

Author

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  • Miroslav Svatoš

    (Katedra ekonomiky, Česká zemědělská univerzita v Praze, Kamýcká 129, Praha 6, 165 21 Praha, Česká republika)

  • Luboš Smutka

    (Katedra ekonomiky, Česká zemědělská univerzita v Praze, Kamýcká 129, Praha 6, 165 21 Praha, Česká republika)

Abstract

This paper analyzes the development of agricultural trade of the countries of the Visegrad Group with emphasis on development of the value of agricultural exports of the individual countries. The subject matter of the analysis is the sensitivity of the commodity structure of agricultural exports of individual countries and the identification of aggregations that are the least and the most sensitive to changes to the external and internal economic environment. From the conducted research, agricultural trade in the V4 countries was found to have developed very dynamically from 1993 to 2008, while the commodity structure of exports has constantly narrowed as the degree of specialization of the individual countries has increased (this applies especially to the Czech Republic, Slovakia and Hungary). From the results of analysis of sensitivity to changes of selected variables relating to the development of the value of agricultural exports of the individual V4 countries, it appears that the aggregations that react most sensitively to changes are those that are the subject of re-exports, followed by the aggregations that are characterized by a high degree of added value. In general it can be said that products of agricultural primary production exhibit less sensitivity in comparison with grocery industry products. This is confirmed by the general trend arising from the very nature of consumer behaviour.

Suggested Citation

  • Miroslav Svatoš & Luboš Smutka, 2011. "The analysis of individual Visegrad group members' agrarian export sensitivity in relation to selected macroeconomic aggregations," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 59(4), pages 327-342.
    • Handle: RePEc:mup:actaun:actaun_2011059040327
    DOI: 10.11118/actaun201159040327
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    Cited by:

    1. Jambor, Attila, 2013. "Comparative Advantages and Specialisation of the Visegrad Countries Agri-Food Trade," Acta Oeconomica et Informatica, Faculty of Economics and Management, Slovak Agricultural University in Nitra (FEM SPU), vol. 16(1), pages 1-13, February.
    2. Jovanović, Miomir & Kašćelan, Ljiljana & Joksimović, Miljan & Despotović, Aleksandra, 2015. "Comparative Analisys Of Agro-Food Trade In Montenegro And Eu Candidate Countries," Economics of Agriculture, Institute of Agricultural Economics, vol. 62(1), pages 1-8, March.
    3. Burianova, Jaroslava & Belova, Anna, 2012. "The Competitiveness of Agricultural Foreign Trade Commodities of the CR Assessed by Way of the Lafay Index," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 4(4 Special), pages 1-10, December.

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