THE DETERMINANTS OF GROWING AGRI-FOOD EXPORT: THE CASE OF CEE COUNTRIES
DOI:
https://doi.org/10.5937/ekoPolj2203877BKeywords:
economy, agri-food sector, EU accession, trade liberalizationAbstract
The aim of this study is to analyse the determinants of the growing agri-food export in the CEE countries. Using the SYS-GMM estimation, we control for the endogeneity problem. As the explanatory variables we use the variable that have been empirically proven as determinants of the agri-food export and available for observed countries. The obtained results show that the trade liberalisation increases the agri-food exports, while the EU enlargement indirectly affects the agri-food exports which is an important statement for policy-makers.
Downloads
References
Arize A. C., Osang T., Stottje D. J. (2000): Exchange-rate volatility and foreign trade: Evidence from thirteen LDC’s. Journal of Business and Economic Statistics, 18: 10–17.
Baiardi D., Bianchi C., Lorenzini, E. (2015): Food Competition in World Markets: Some Evidence from a Panel Data Analysis of Top Exporting Countries. Journal of Agricultural Economics, 66: 358–391.
Balaban S., Živkov D., Milenković I. (2019): Impact of an unexplained component of real exchange rate volatility on FDI: Evidence from transition countries. Economic Systems, 43.
Bielik P., Smutka L., Svatoš M., Hupková, D. (2013): Czech and Slovak agricultural foreign trade – two decades after the dissolution. Agricultural Economics – Czech, 59: 441-453.
Blundell R., Bond S. (1998): Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87: 115–143.
Cvijanović, D., Trandaflović, S., & Imamović, N. (2013): Marketing concept in terms of agricultural enterprises development in transitional countries. Economics of Agriculture, 60(1), 113-122.
Erdem E., Nazlioglu S., Erdem, C. (2010): Exchange rate uncertainty and agricultural trade: panel cointegration analysis for Turkey. Agricultural Economics 41: 537-543.
Ghazalian P. L., Furtan W. H. (2007): The Effect of Innovation on Agricultural and Agri-food Exports in OECD Countries. Joumal of Agricultural and Resource Economics 32: 448-461.
Grujić B., Joksimović M., & Stojanivić, B. (2019) Export of Agricultural and Food Products of Serbia, International Journal of Sustainable Economies Management, 8: 1-17.
Kandilov I. T. (2008): The effects of exchange rate volatility on agricultural trade. American Journal of Agricultural Economics, 90: 1028–1043.
Luckstead J., Devadoss S. (2019): Trade and Investment Liberalization in the Processed Food Market under the Comprehensive Economic and Trade Agreement. Journal of Agricultural and Resource Economics 44: 267–290.
Mizik T., Meyers W. (2013): The possible effects of the EU accession on the Western Balkans agricultural trade. Economics of Agriculture, 60: 857–865.
Pesaran H. M. (2007): A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics, 22: 265–312.
Schumacher D., Siliverstovs B. (2006): Home-market and factor-endowment effects in a gravity approach. Review of World Economics, 142: 330–353.
Ševela M. (2002) Gravity-type model of Czech agricultural export. Agricultural Economics – Czech, 48: 463-466.
Smutka L., Svatoš M. Tomšík K., Ivanovna Sergienko, O. (2016): Foreign trade in agricultural product in the Czech Republic. Agricultural Economics – Czech, 62: 9-25.
Tangermann S. (1994): West looks East. European Review of Agricultural Economics, 21: 375–392.
Živkov D., Joksimović M., &Balaban S. (2021): Measuring parametric and semiparametric downside risk of the selected agricultural commodities, 148/2021-AGRICECON. Agricultural Economics 2021, 67: 305–315
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Economics of Agriculture
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
