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Effect of the 2008-2009 economic crisis on the results of agricultural foreign trade of the Czech Republic

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  • Jaroslava BURIANOVÁ

    (Faculty of Economics and Management, Czech University of Life Sciences, Prague, Czech Republic)

Abstract

After accession of the Czech Republic to the EU in 2004, the volume of agricultural foreign trade (AFT) in the CR increased significantly. In the past two years, the trend has changed under the influence of the global economic crisis affecting the European area. The first part of the paper is focused on the overall development in the period of 2004-2009. To assess the competitiveness of agrarian commodities in foreign markets in 2008-2009, an analysis was carried out with the use of the Balassa RCA Indicator (Revealed Comparative Advantage) and also Michaely Index, which indicates a certain degree of specialization in exports. A logarithmic method, which allows determining the influence of prices and quantities on the change in net exports during these years, has also been used.

Suggested Citation

  • Jaroslava BURIANOVÁ, 2011. "Effect of the 2008-2009 economic crisis on the results of agricultural foreign trade of the Czech Republic," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 57(5), pages 226-231.
    • Handle: RePEc:caa:jnlage:v:57:y:2011:i:5:id:79-2010-agricecon
    DOI: 10.17221/79/2010-AGRICECON
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    References listed on IDEAS

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    1. Michaely, Michael, 1977. "Exports and growth : An empirical investigation," Journal of Development Economics, Elsevier, vol. 4(1), pages 49-53, February.
    2. M. Svatoš & L. Smutka & O. Miffek, 2010. "Competitiveness of agrarian trade of EU-15 countries in comparison with new EU member states," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 56(12), pages 569-582.
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