Evaluation of the Influence of the Export in Agricultural Products on the Baltic States Economic Growth
The benefits of agricultural exports’ impact to developing economies have been confirmed by most of researchers. When analyzing the Baltic States, attention should be paid firstly to the peculiarities of agriculture and to relatively low subsidies of the EU funds in comparison with the old EU co...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Montenegro - Faculty of Economics Podgorica
2018-08-01
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| Series: | Montenegrin Journal of Economics |
| Subjects: | |
| Online Access: | http://repec.mnje.com/mje/2018/v14-n03/mje_2018_v14-n03-a16.pdf |
| _version_ | 1819031649811169280 |
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| author | Rita Remeikiene Ligita Gaspareniene Artiom Volkov |
| author_facet | Rita Remeikiene Ligita Gaspareniene Artiom Volkov |
| author_sort | Rita Remeikiene |
| collection | DOAJ |
| description | The benefits of agricultural exports’ impact to developing economies
have been confirmed by most of researchers. When analyzing the
Baltic States, attention should be paid firstly to the peculiarities of
agriculture and to relatively low subsidies of the EU funds in comparison
with the old EU countries. In addition, the support of agricultural
sector creates a relatively unequal conditions of competition
towards other economic activities. As a result, it is doubtful whether
the export of agricultural products (which was extremely funded
during the year of 2002-2013) contributes to the prosperity of Baltic
states’ economies. In order to meet set goal - to research the links
between the export in agricultural products and economic growth of
the Baltic States – correlation and regression analysis was used,
covering the year of 2000-2016. Empirical calculations have shown
that the export of agricultural products (by separate sections) contributes
very little to the GDP growth of the Baltic economies; however,
it negatively affects labor market indicators (self-employment,
employment in land sector, the level of labor market). The reasons
lie in rising prices of agricultural products (assessing the price index
change), price indices (export growth is linked to higher agricultural
prices), technological breakthrough in agriculture, which reduced
the need for human capital and greater export opportunities for
large farms, while mainly small size farms dominate in the Baltic
States. |
| first_indexed | 2024-12-21T06:49:25Z |
| format | Article |
| id | doaj.art-398777c5bbe64525a50761430e68aa5d |
| institution | Directory Open Access Journal |
| issn | 1800-5845 1800-6698 |
| language | English |
| last_indexed | 2024-12-21T06:49:25Z |
| publishDate | 2018-08-01 |
| publisher | University of Montenegro - Faculty of Economics Podgorica |
| record_format | Article |
| series | Montenegrin Journal of Economics |
| spelling | doaj.art-398777c5bbe64525a50761430e68aa5d2022-12-21T19:12:30ZengUniversity of Montenegro - Faculty of Economics PodgoricaMontenegrin Journal of Economics1800-58451800-66982018-08-01143839410.14254/1800-5845/2018.14-3.6Evaluation of the Influence of the Export in Agricultural Products on the Baltic States Economic GrowthRita RemeikieneLigita GasparenieneArtiom VolkovThe benefits of agricultural exports’ impact to developing economies have been confirmed by most of researchers. When analyzing the Baltic States, attention should be paid firstly to the peculiarities of agriculture and to relatively low subsidies of the EU funds in comparison with the old EU countries. In addition, the support of agricultural sector creates a relatively unequal conditions of competition towards other economic activities. As a result, it is doubtful whether the export of agricultural products (which was extremely funded during the year of 2002-2013) contributes to the prosperity of Baltic states’ economies. In order to meet set goal - to research the links between the export in agricultural products and economic growth of the Baltic States – correlation and regression analysis was used, covering the year of 2000-2016. Empirical calculations have shown that the export of agricultural products (by separate sections) contributes very little to the GDP growth of the Baltic economies; however, it negatively affects labor market indicators (self-employment, employment in land sector, the level of labor market). The reasons lie in rising prices of agricultural products (assessing the price index change), price indices (export growth is linked to higher agricultural prices), technological breakthrough in agriculture, which reduced the need for human capital and greater export opportunities for large farms, while mainly small size farms dominate in the Baltic States.http://repec.mnje.com/mje/2018/v14-n03/mje_2018_v14-n03-a16.pdfAgricultural productsexportBaltic stateseconomic growth |
| spellingShingle | Rita Remeikiene Ligita Gaspareniene Artiom Volkov Evaluation of the Influence of the Export in Agricultural Products on the Baltic States Economic Growth Montenegrin Journal of Economics Agricultural products export Baltic states economic growth |
| title | Evaluation of the Influence of the Export in Agricultural Products on the Baltic States Economic Growth |
| title_full | Evaluation of the Influence of the Export in Agricultural Products on the Baltic States Economic Growth |
| title_fullStr | Evaluation of the Influence of the Export in Agricultural Products on the Baltic States Economic Growth |
| title_full_unstemmed | Evaluation of the Influence of the Export in Agricultural Products on the Baltic States Economic Growth |
| title_short | Evaluation of the Influence of the Export in Agricultural Products on the Baltic States Economic Growth |
| title_sort | evaluation of the influence of the export in agricultural products on the baltic states economic growth |
| topic | Agricultural products export Baltic states economic growth |
| url | http://repec.mnje.com/mje/2018/v14-n03/mje_2018_v14-n03-a16.pdf |
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