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Czech Comparative Advantage in Agricultural Trade with Regard to EU-27: Main Developmental Trends and Peculiarities

Author

Listed:
  • Elena Kuzmenko

    (Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague, Czech Republic)

  • Lenka Rumankova

    (Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague, Czech Republic)

  • Irena Benesova

    (Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague, Czech Republic)

  • Lubos Smutka

    (Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague, Czech Republic)

Abstract

The paper, based on RCA, LFI and GL indices, and logistic regression analysis, allowed us to track the dynamics of the comparative advantage/disadvantage of the Czech Republic in individual commodity aggregates in relation to individual EU partners, and to comprehend the role of the main production factors. The only production factor with a statistically significant effect is capital. Trade with countries richly endowed with agricultural land and capital, in most cases, appeared not favorable for the Czech Republic in terms of having a comparative advantage over them, if measured with LFI index. The values of the GL index disclosed that trade with these countries is mostly of an inter-industry character. The analysis revealed the following top-3 mostly competitive Czech aggregates: S3-08 (animal feed stuff), S3-06 (sugar and sugar preparations), along with S3-04 (cereals and cereal preparations). Some aggregates appeared to not have any comparative advantage: S3-01 (meat, meat preparations), S3-05 (vegetables and fruits), and S3-41 (animal oils and fats). Speaking of developmental trends, from 2000 to 2019 the Czech Republic has managed to improve its position in agri-food trade within the EU-27 by 43.81% if measured with LFI, and by 51.63% if measured with RCA. These positive changes also appeared to be statistically significant.

Suggested Citation

  • Elena Kuzmenko & Lenka Rumankova & Irena Benesova & Lubos Smutka, 2022. "Czech Comparative Advantage in Agricultural Trade with Regard to EU-27: Main Developmental Trends and Peculiarities," Agriculture, MDPI, vol. 12(2), pages 1-22, February.
    • Handle: RePEc:gam:jagris:v:12:y:2022:i:2:p:217-:d:740981
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    Citations

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    Cited by:

    1. Ivo Zdráhal & Francois Stefanus Lategan & Melissa van der Merwe, 2023. "A constant market share analysis of the competitiveness of the Czech Republic's agrifood exports (2002-2020) to the European Union," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 69(12), pages 498-509.
    2. Qingru Sun & Meiyi Hou & Shuaiwei Shi & Liwei Cui & Zenglei Xi, 2022. "The Influence of Country Risks on the International Agricultural Trade Patterns Based on Network Analysis and Panel Data Method," Agriculture, MDPI, vol. 12(3), pages 1-18, March.
    3. Ivo Zdráhal & Francois Stefanus Lategan & Melissa van der Merwe, . "A constant market share analysis of the competitiveness of the Czech Republic's agrifood exports (2002-2020) to the European Union," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 0.

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