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Agricultural Sector and Its Importance for the Slovak Economy: Structural Analysis

Author

Listed:
  • ¼udmila Bartóková

    (Technical university of Košice, Faculty of Economics, Department of Economics)

  • Júlia Ïurèová

    (Technical university of Košice, Faculty of Economics, Department of Economics)

Abstract

For some time, the focus of the empirical analysis has been oriented towards sectors linked to the so-called New Industrial Revolution (Industry 4.0). Nevertheless, the agriculture will always be one of the important sectors in each national economy. It is also a sector that underwent many extensive structural changes in the last two decades. The aim of our paper is to look in closer details on various indicators for this sector, notably its current position, its economic linkages to other domestic or foreign industries or generated effects on employment or value added. Our analysis is based on the input-output methodology. The results confirm overall weakening of the domestic linkages, especially on the demand side, and strengthening of the import flows. Also from a supply side point of view, the importance of agriculture as a supplier to other sectors is declining. The agricultural sector has also been losing strength in job creation. However, in terms of value added and gross product value indicators, our results confirm the important role of agriculture in the Slovak economy.

Suggested Citation

  • ¼udmila Bartóková & Júlia Ïurèová, 2022. "Agricultural Sector and Its Importance for the Slovak Economy: Structural Analysis," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 70(3), pages 237-263, March.
    • Handle: RePEc:sav:journl:v:70:y:2022:i:3:p:237-263
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    References listed on IDEAS

    as
    1. Gollin, Douglas, 2010. "Agricultural Productivity and Economic Growth," Handbook of Agricultural Economics, in: Robert Evenson & Prabhu Pingali (ed.), Handbook of Agricultural Economics, edition 1, volume 4, chapter 73, pages 3825-3866, Elsevier.
    2. Olczyk, Magdalena, 2011. "Structural changes in the Polish economy - the analysis of input-output," MPRA Paper 33659, University Library of Munich, Germany.
    3. Biswajit Banerjee & Juraj Zeman, 2020. "Determinants of Global Value Chain Participation: Cross-country Analysis," Working and Discussion Papers WP 1/2020, Research Department, National Bank of Slovakia.
    4. Vanessa Rayner & James Bishop, 2013. "Industry Dimensions of the Resource Boom: An Input-Output Analysis," RBA Research Discussion Papers rdp2013-02, Reserve Bank of Australia.
    5. Štefan Bojnec & Imre Fertő & Attila Jámbor & József Tóth, 2014. "Determinants of technical efficiency in agriculture in new EU member states from Central and Eastern Europe," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 64(2), pages 197-217, June.
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    More about this item

    Keywords

    agriculture; input-output model; input-output multipliers; Slovak Republic;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • J43 - Labor and Demographic Economics - - Particular Labor Markets - - - Agricultural Labor Markets
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General

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