AGRICULTURE AND ECONOMIC GROWTH: THE EU 27 RECORD FROM 2002 TO 2021

Igor Mladenović; Svetlana Sokolov Mladenović

doi:10.59267/ekoPolj2302423M

Authors

Igor Mladenović University of Niš, Faculty of Economics, Square King Alexander no. 11, 18000 Niš https://orcid.org/0000-0003-1711-3899
Svetlana Sokolov Mladenović University of Niš, Faculty of Economics, Square King Alexander no. 11, 18000 Niš https://orcid.org/0000-0002-9367-4252

DOI:

https://doi.org/10.59267/ekoPolj2302423M

Keywords:

agriculture, innovations, economic growth, state incentives

Abstract

The aim of this paper is to analyze the contribution of the agricultural sector to the European Union member states’ economic growth in the period from 2002 to 2021. This paper makes an attempt to answer the question of whether the agricultural sector contributes to the economic growth of the European Union countries, in terms of incentives that their governments give to the agricultural sector. For this purpose, a multiple regression model is developed with one dependent and several independent variables, and the obtained research results show a positive influence of the agricultural sector, expressed through agricultural production, on economic growth rate of EU 27 countries in the analyzed period.

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Author Biographies

Igor Mladenović, University of Niš, Faculty of Economics, Square King Alexander no. 11, 18000 Niš

Svetlana Sokolov Mladenović, University of Niš, Faculty of Economics, Square King Alexander no. 11, 18000 Niš

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